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Clifford Chance

Clifford Chance


UK Pensions Update – March 2024

20 March 2024

In this edition, we take a look at how the announcements made in the Spring Budget will affect the UK pensions landscape. We also cover the new consultation on options for defined benefit schemes, the introduction of the Finance Act 2024 and the Pensions Regulator's final General Code, as well as other key pensions developments since our previous newsletter.

We've prepared an audio podcast which discusses the headline points and 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.

Newsletter contents:

  • The Budget promises enhanced investment disclosures to boost UK businesses
  • DWP launches consultation on options for DB schemes 
  • Finance Act 2024 gains Royal Assent
  • Progress on changes to DB funding regime
  • TPR publishes guidance on private market investments
  • TPR publishes final General Code
  • High court gives judgment on severing "valid" parts of amendments
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