The Month In Pensions – February 2021 – The end of the quarterly trustee meeting?

The Month in Pensions - Gowling WLG

In The Month In Pensions for February 2021, Ian Chapman-Curry looks at a survey of defined benefit scheme trustees that suggests the age of the quarterly trustee meeting is over.

We also look over some of the other developments that have made the headlines in the world of pensions in February 2021, including:

• Government issues further consultation on climate change risk -
• • See details of the new consultation 'Taking action on climate risk: improving governance and reporting by occupational pension schemes - response and consultation on regulations' on the Department for Work and Pensions' consultation webpage; and
  • Listen to our on demand webinar on ESG implementation – challenges and practical solutions.
• The Pensions Regulator (TPR) confirms increase in regulatory activity in Q4 2020 - Visit the TPR’s press release 'Enforcement activity rises as expected to protect savers (18 February 2021)'.
• Pensions Protection Fund (PPF) publishes levy rules and policy statement for 2021/22 levy year - See the PPF’s 2021/22 levy webpage for details.
• The Pensions Administration Standards Association (PASA) issues guidance on tax issues in GMP equalisation - Visit the PASA GMPEWG Guidance Note on Tax Issues.
• The Pension Schemes Act 2021 becomes law –
• • Visit our Pension Schemes Act 2021 hub; and
  • See our one-page overview of what the Pension Schemes Act 2021 will mean for trustees.

Then we take a quick look at what is coming down the tracks for pensions in March 2021.

You can find this episode and the accompanying transcript on our website: https://gowlg.co/3xlZF1g

For more Insights, or to find out more about the pensions team at Gowling WLG, please visit www.gowlingwlg.com/pensions-uk

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