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Clifford Chance

Clifford Chance


UK: Pensions Update – March 2020

27 March 2020

In light of recent events as a result of COVID-19, in this edition we cover some of the key considerations for trustees and employers, taking into account the recent guidance from TPR and include a link to some brief video messages from the Pensions partners at Clifford Chance.

In this edition we also cover:

  • Pension Schemes Bill 2019-21 – Criminal Sanctions & Climate Change Risk
  • Consultation on Pensions Climate Risk Guide
  • TPR Issues DB Funding Code Consultation
  • TPR Responds to its Consultation on the Future of Trusteeship and Governance
  • DWP Responds to its Consultation on Increasing the General Levy
  • HMRC Issues GMP Equalisation Guidance
  • March 2020 Budget Announcement
  • Consultation on the Reform to RPI Methodology
  • Express Trust Registration Requirement Update
  • Status of Proposed Amendments to IFRIC 14
  • On the horizon
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