49 episodes

The Month in Pensions discusses the latest developments in the UK pensions world with insight from the Pensions team at international law firm Gowling WLG.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

The Month in Pensions - Gowling WLG Gowling WLG

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The Month in Pensions discusses the latest developments in the UK pensions world with insight from the Pensions team at international law firm Gowling WLG.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

    The Month In Pensions - March 2021 - You wait for one consultation…

    The Month In Pensions - March 2021 - You wait for one consultation…

    In The Month In Pensions for March 2021, Ian Chapman-Curry looks at the wave of consultations that have been released by government departments and The Pensions Regulator.
    In this month's interview, Liz Wood explains the impact that the Pension Schemes Act 2021 will have on employers that sponsor defined benefit pension schemes.
    We also look over some of the other developments that have made the headlines in the world of pensions in March 2021, including:
    TPR launches consultation on draft single code of practice - Click here for TPR's ‘New code of practice consultation’ (17 March 2021). DWP consults on information gathering powers - Click here for the DWP's consultation ‘Strengthening The Pension Regulator’s Powers: Contribution Notice and Information Gathering Powers Regulations 2021’ (18 March 2021). TPR consults on employer resources test regulations - Click here for the DWP’s consultation ‘Strengthening The Pension Regulator’s Powers: Contribution Notice and Information Gathering Powers Regulations 2021’ (18 March 2021). DWP consults on diversification of DC investment portfolios - Click here for DWP’s consultation ‘Incorporating performance fees within the charge cap’ (18 March 2021). TPR issues its revised 15 year strategy for the future - Click here for TPR’s strategy paper ‘TPR Strategy: Pensions of the future’ (10 March 2021). No surprises for pensions in the March Budget statement - Click here for HM Treasury’s Budget 2021 documents webpage. Then we take a quick look at what is coming down the tracks for pensions in April 2021.
    NOT LEGAL ADVICE Information made available as part of this update or on our website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

    • 33 min
    The Month In Pensions – February 2021 – The end of the quarterly trustee meeting?

    The Month In Pensions – February 2021 – The end of the quarterly trustee meeting?

    In The Month In Pensions for February 2021, Ian Chapman-Curry looks at a survey of defined benefit scheme trustees that suggests the age of the quarterly trustee meeting is over.
    We also look over some of the other developments that have made the headlines in the world of pensions in February 2021, including:
    Government issues further consultation on climate change risk - See details of the new consultation 'Taking action on climate risk: improving governance and reporting by occupational pension schemes - response and consultation on regulations' on the Department for Work and Pensions' consultation webpage; and Listen to our on demand webinar on ESG implementation – challenges and practical solutions. The Pensions Regulator (TPR) confirms increase in regulatory activity in Q4 2020 - Visit  the TPR’s press release 'Enforcement activity rises as expected to protect savers (18 February 2021)'. Pensions Protection Fund (PPF) publishes levy rules and policy statement for 2021/22 levy year - See the PPF’s 2021/22 levy webpage for details. The Pensions Administration Standards Association (PASA) issues guidance on tax issues in GMP equalisation - Visit the PASA GMPEWG Guidance Note on Tax Issues. The Pension Schemes Act 2021 becomes law – Visit our Pension Schemes Act 2021 hub; and See our one-page overview of what the Pension Schemes Act 2021 will mean for trustees. Then we take a quick look at what is coming down the tracks for pensions in March 2021.
    NOT LEGAL ADVICE Information made available as part of this update or on our website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

    • 12 min
    The Month In Pensions – January 2021 – Time for the Pension Schemes Act 2021

    The Month In Pensions – January 2021 – Time for the Pension Schemes Act 2021

    In The Month In Pensions for January 2021, Ian Chapman-Curry focuses on the legislation that will become the Pension Schemes Act 2021. At the point of recording, the Pension Schemes Bill 2019 – 21 was on the cusp of receiving Royal Assent so this episode focuses on what it will mean for pension scheme trustees and employers.
    When enacted, the Pensions Schemes Bill 2019 – 21 will see changes to the funding regime for defined benefit pension schemes along with giving The Pensions Regulator more powers. It will also provide the statutory framework for pensions dashboards and collective defined contribution schemes.
    We've created one page overviews of the key issues and actions for trustees and scheme sponsors:
    Trustees for our one page overview for trustees; and Sponsors for our one page overview for scheme sponsors. We'll also look over some of the other developments that have made the headlines in the world of pensions in January 2021, including:
    DWP publishing its response to default fund charge cap consultation (DWP’s consultation response ‘Review of the Default Fund Charge Cap and Standardised Cost Disclosure’); Government announces expansion of Dormant Assets Scheme to certain pension assets ( press release issued by HM Treasury and the Department for Digital, Culture, Media & Sport); TPR issues interim response to its funding code consultation ( TPR’s DB funding code of practice consultation interim response); PPF issues response to its levy consultation (the PPF’s ‘Outcome of the 2021/22 levy consultation’); and Small Pots Working Group issues report (Small Pots Working Group Report). NOT LEGAL ADVICE Information made available as part of this update or on our website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

    • 16 min
    The Month In Pensions – December 2020 – Pensions in 2021 – key trends and developments

    The Month In Pensions – December 2020 – Pensions in 2021 – key trends and developments

    In The Month In Pensions for December 2020, Ian Chapman-Curry focuses on the key trends and developments that will dominate the world of pensions in 2021. With a backlog of legislative, regulatory and policy developments, 2021 promises to be a busy year for anyone working in the pensions industry.
    The Pensions Schemes Bill 2019 – 21 will see changes to the funding regime for defined benefit pension schemes along with giving The Pensions Regulator more powers. It will also provide the statutory framework for pensions dashboards and collective defined contribution schemes.
    But 2021 will be about more than primary legislation. The Pensions Regulator will be updating its codes of practice as it moves towards a single code, environmental, social and governance issues will continue to be a trend, with an increasing emphasis on climate responsible investing and the government will tackle discrimination issues in public sector pension schemes.
    With so much going on, we've brought together ten key trends covering the most important issues that will dominate agendas and work streams throughout the year. Make sure that you stay ahead of the curve with our guide to pensions in 2021.
    NOT LEGAL ADVICE Information made available as part of this update or on our website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

    • 24 min
    The Month In Pensions – November 2020 – Are you ready for cyber scams?

    The Month In Pensions – November 2020 – Are you ready for cyber scams?

    In The Month In Pensions for November 2020, we focus on two related and increasingly intertwined areas – pension scams and cyber crime and ask are you ready for cyber scams?
    Ian Chapman-Curry is then joined by Charlotte Scholes, a Principal Associate in our specialist pension disputes team, to discuss the latest in on GMP equalisation with the third judgment on Lloyds.

    • 22 min
    The Month In Pensions – October 2020 – Where will you be in 15 years' time?

    The Month In Pensions – October 2020 – Where will you be in 15 years' time?

    In The Month In Pensions for October 2020, we join The Pensions Regulator in gazing into the future and consider what the world of pensions will be like in 15 years' time.
    See The Pension Regulator's 'Pensions of the future - a discussion on our strategy (16 October 2020)': https://bit.ly/3owKcp6 
    Also covered in this month's edition are:
    DWP gives green light to standardised simpler annual benefit statements for DC auto enrolment pension schemes (See the DWP’s response to its consultation ‘Simpler annual benefit statements for workplace pensions’: https://bit.ly/3kEp7GY); PPF consults on the 2021/22 levy (See the PPF’s consultation ‘Have your say on our 2021/22 levy rules’: https://bit.ly/3mraS8D); Public sector exit payment caps to come into force (See our insight ‘Public sector exit cap in force from 4 November 2020 (15 October 2020)’: https://bit.ly/3dZW91z); TPR publishes new guidance on superfunds (See TPR's guidance 'Superfund guidance for prospective ceding trustees and employers (21 October 2020)’: https://bit.ly/35y6X3a); Action Fraud reveals extent of pension scam activity in wake of COVID-19; and ECJ decides on VAT and pension management services case (See the full text in the judgment of United Biscuits (Pensions Trustees) Ltd. and another v Commissioners for HM Revenue and Customs (C‑235/19): https://bit.ly/2TvuDiW). We also look forward to some of the developments to expect in November 2020.
    This podcast and its accompanying transcript are also available on our website: https://bit.ly/3kKzp88 
    Find out more about the Gowling WLG Pensions team here: https://bit.ly/3jvtmTx 
    We regularly talk about a broad range of topics that may be of interest to you. Register for an account on our website to receive our latest articles, podcasts and webinars: https://bit.ly/34us0V1 

    • 14 min

Customer Reviews

5.0 out of 5
48 Ratings

48 Ratings

rsheffield ,

Timely and useful

Good job, Pensions team at Gowling WLG. It’s the right info at the right time. Keep it coming please

Buttlux ,

Man knows his topic

Clearly across his brief.

Karpiekat ,

Leading pensions podcast

Very useful and instructive update

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