Clifford Chance
UK: Pensions Update – June 2021
30 June 2021
Welcome to the June 2021 edition of the UK: Pensions Update
In this edition we catch up on where we are with the Pension Schemes Act 2021 and related regulations, and some recent activity of the Pensions Regulator (including its consultation on updates to its Contribution Notice Code of Practice). We also touch on the recent Axminster case revisiting limitation and forfeiture, in addition to covering the following topics:
- The Pension Regulator's section 89 report in the Sanofi case
- Climate Risk Governance and Reporting Requirements
- DWP consultations, including regarding DC charges and simpler DC annual benefit statements, and the DWP's implementation review of the DC Chair's Statement
- FCA consultation and guidance on pension scams and DB transfers
- Recent RPI activity including the Britvic appeal and judicial review of RPI alignment with CPIH
- HMRC's spotlight 58 on tax avoidance and unfunded arrangements
