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Articles

Asset-backed Pension Scheme Funding: New Statement from the Regulator (UK)

By Allen & Overy

The Regulator has published a new and much more detailed statement on its approach to asset-backed funding arrangements. While acknowledging the advantages of these structures in principle, it is concerned to ensure that trustees take potential risks into account before signing up, and have a back-up plan available in case things go wrong. This article looks closely at the Regulator’s concerns.

Articles

DC Pension Contributions: A Shared Responsibility (UK)

By Allen & Overy

The Pensions Regulator has published final versions of its new Codes of Practice on monitoring money purchase pension contributions and reporting late payments. The two Codes (there are parallel versions for trustees of occupational pension schemes and for insurers or other providers of personal pensions) are less prescriptive than was originally proposed. They now also include material on the responsibility of employers and members to check that contributions are paid correctly and on time.