Last month, the UK Government set out its legislative programme for this Parliament in the Queen's Speech. In this briefing, we look at some of the proposals relevant to business which have had less media attention.
Our knowledge resources reflect the breadth and depth of our expertise, our insight into the issues which matter to your business, and our understanding of the markets in which you operate.
The Government intends pensions dashboards to bring about a fundamental change in the way individuals access information about their pensions, allowing people to see all of their future pension entitlements in one online place.
The Russian invasion of Ukraine presents issues for pension scheme trustees to consider. Alongside clear implications regarding investments and the need to comply with sanctions, these may include questions about covenant, funding, cyber security and scam risks.
This briefing addresses the issues most likely to arise, some of which are also noted by the Pensions Regulator in its guidance.
The Solvency II capital regime (and, since Brexit, its onshored equivalent) affects trustee de-risking agendas both in the short, and longer, term.
Our ESG timeline sets out recent and expected UK and EU legal and regulatory developments relating to ESG and wider sustainable business topics. The timeline can be filtered according to your business type or the relevant ESG theme.
Derivatives & Structured Products Partner, Jonathan Gilmour, and Pensions Partner, Andy Lewis, have jointly contributed to the recently published International Comparative Legal Guide on Environmental, Social & Governance Law 2022. Their chapter outlines the key aspects of ESG law for occupational pension schemes and argue for a wider governance perspective, as well as a pure investment perspective, when approaching ESG.
There is an approaching deadline (7 January 2022) for trustees again to self-certify their compliance with the Competition and Markets Authority (CMA) Order regarding investment consultants' objectives and tenders for fiduciary management services.
Travers Smith and Validus Risk Management hosted a webinar on Monday 22nd November exploring the hidden FX risks in pension scheme portfolios.
The Government has laid regulations to restrict individuals' statutory transfer rights in specified circumstances, with the aim of helping trustees to stop scam transfers.
The legislation has effect in relation to applications for DB transfer value statements of entitlement or DC transfer requests made on or after 30 November 2021. Trustees who make statutory transfers need to ensure that their transfer processes and communications are aligned with the legislation.
Writing for Portfolio Institutional, Derivatives & Structured Products Partner, Sebastian Reger, discusses illiquid assets in the context of defined benefit pension schemes and considers the legal and commercial factors which cause illiquidity that asset owners should be aware of.