Clifford Chance

Welcome to the UK Pensions Update: September 2023

14 September 2023

In this edition, we take a look at a variety of recent pensions court decisions. We also cover the Pensions Regulator's updated guidance on superfunds and new draft legislation to abolish the Lifetime Allowance, as well as providing an update on pension dashboards.

We've prepared an audio podcast which discusses the recent pensions court decisions and which generally accompanies our update newsletter. Listen to the podcast here.

The content of this podcast does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.

In this edition we cover:

1. a recent Upper Tribunal determination which upheld the Pensions Regulator's decision to issue a contribution notice;
2. the High Court's approval of a trustee decision to wind-up the sponsors of a scheme;
3. the High Court's judgment in the BBC v BBC Pension Trust case;
4. the Court of Session's judgment on a use of surplus case;
5. the Pensions Regulator's update to its guidance on superfunds;
6. the draft legislation published to abolish the Lifetime Allowance from 6 April 2024; and
7. progress on Pensions Dashboards.
   

View the UK Pensions Update for September 2023 here.

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