The Pensions Brief: January 2021

• Published date: 11 February 2021
• Subject Matter: Employment and HR, Retirement, Superannuation & Pensions, Employee Rights/ Labour Relations
• Law Firm: Mayer Brown
• Author: Mr Ian Wright and Jay Doraisamy

At a glance...

Issues affecting all schemes

• CLIMATE CHANGE
  • Consultation on draft legislation and guidance imposing new climate risk-related duties on trustees of larger schemes
• AUTOMATIC ENROLMENT
  • Earnings figures set for 2021/22
• PENSION SCHEMES BILL
  • Update on the Bill's progress through Parliament

Issues affecting DB schemes

• 2021/22 PPF LEVY
  • Finalised rules and guidance for the 2021/22 PPF levy
• GUARANTEED MINIMUM PENSIONS
  • Annual GMP increase set for 2021/22
• DB FUNDING
  • Interim response to the Pensions Regulator's consultation on a revised DB funding code of practice

Issues affecting DC schemes

• DC DEFAULT FUND CHARGE CAP
• Government response to its review of the default fund charge cap and standardised cost disclosure

PENSIONS REGULATOR COVID-19 GUIDANCE

Guidance on transfer requests where funds are held in a gated fund

• Action required
• Follow development and keep under review

Please click The Pensions Brief: January 2021 | Perspectives & Events | Mayer Brown here to view the full report

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