Clifford Chance
Welcome to the Spring 2023 edition of the UK: Pensions Update
15 March 2023
In this edition we look at the key pensions announcements included in the Chancellor's 2023 Budget and we summarise the key points and concepts set out in the draft DB Funding Code published by the Pensions Regulator at the end of 2022.
In this edition we also cover:
- an update on the private member's auto-enrolment bill introduced by Jonathan Gullis MP;
- a package of DC reforms announced by the Government;
- the recent announcement of a Pensions Dashboard "reset";
- the Pensions Dashboards Enforcement Consultation in the context of the dashboard duties of trustees and scheme managers;
- an update on regulatory and political commentary regarding liability driven investments;
- the progress of the Economic Crime and Corporate Transparency Bill;
- the progress of the Retained EU Law Bill, which has recently reached the House of Lords;
- the publication of a new memorandum of understanding between the DWP and tPR; and
- a round-up of key pensions case law from 2022 and a look at cases on the horizon for 2023.
View the UK Pensions Update for March 2023 below.
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