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Key issues for pension trustees’ agenda

Sep-21

  • The impact of climate change on pensions investment
  • New industry guidance on GMP conversion
  • The Pensions Regulator’s consultation on contribution notices
How climate change is impacting pensions investment
  • Trustees must consider the impact of climate change on their investment strategy.
  • The Pensions Regulator has set out draft guidance on its expectations on climate change, including when it will think about imposing penalties.
  • Sasha Butterworth (Head of Pensions at TLT) discussed how trustees should tackle these new requirements on the Cornwall Insight podcast.
New industry guidance on GMP conversion
  • If you’re considering GMP conversion, check out the Pensions Administration Standards Association (PASA) industry guidance.
  • It offers pragmatic examples of how trustee boards can approach a conversion project. The guidance also discusses some of the tax consequences that are prompting some trustee boards to delay conversion.
  • You can listen to a seminar on the new guidance and read the guidance itself here.
The Pensions Regulator’s new powers
  • From 1 October 2021 new regulations have amended the contribution notices regime by introducing the new employer insolvency and employer resources tests.
  • The Pensions Regulator has issued a draft code of practice setting out the circumstances in which it will exercise the new powers. You can read the draft code here.

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Written by
Sasha Butterworth
Date published
07 Sep 2021

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