Compass provides commentary and analysis of recent legislative and regulatory developments affecting pensions and employee benefits.
Compass provides commentary on and analysis of recent legislative and regulatory developments affecting pensions and employee benefits.
We begin this edition of Compass by outlining the Department for Work and Pensions (DWP) policy that aims to lead the way amongst the G20 nations by setting out governance requirements for pension schemes when dealing with climate change risks and opportunities.
The soon to be published regulations take into account the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).
Following this, we discuss the Pensions Dashboards Programme (PDP) call for input on the order and timings for the staged compulsory connection on pension providers to the dashboard’s ecosystem.
Pension scams remain a hot topic in the pensions industry and so our third article focuses on the latest measures in the battle to combat scam activity.
Included is the DWP consultation that sought views on draft regulations which would impose additional conditions that must be met before a member will have a statutory right to transfer.
The DWP is also consulting on regulations requiring defined contribution (DC) schemes used for automatic enrolment to provide simpler annual benefit statements. Our fourth article outlines the proposals.
Elsewhere in Compass, we cover: