Clifford Chance

UK Pensions Update: January 2022

7 January 2022

Happy New Year and welcome to the January 2022 edition of the UK: Pensions Update

In this edition we summarise the current status of the legislation regarding the various regulations needed and which provisions are in force for the various key changes made by the Pension Schemes Act 2021, note some key cases from 2021 and touch on the transfer regulations and guidance introduced at the end of last year to control pension scams.

In this edition we also cover:

• The Pensions Regulator's revised Contribution Notice Code of Practice and Regulatory Clearance Guidance
• Consultations on DC charges and the regulatory charge cap by the DWP
• The joint discussion paper on 'Value for Money' from the FCA and Pensions Regulator
• The Pensions Regulator's and DWP's guidance on Climate Change Governance and Reporting
• Consultation on regulations promoting a "stronger nudge" towards pensions guidance
• Consultation Response on the increase to Normal Minimum Pension Age
• Simpler DC Annual Benefit Statements
• Pensions Round up: Status Updates

 

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