Pensions law: On the horizon

To help you keep abreast of the forthcoming changes in pensions law, we have prepared a tracker of key recent and future developments

14 December 2021

This timeline offers a snapshot of the main recent pensions legal and regulatory developments and an indication of what is yet to come. We have shown in brackets where a development affects occupational defined benefit schemes (DB), occupational defined contribution schemes (DC) or a subset of these. The date of introduction of future legislation may be subject to change.

If you would like more detail regarding any or all of the developments, please contact Richard Knight or your usual member of the pensions team.

  • 1 October 2021
    • New criminal offences under Pension Schemes Act 2021 (DB)
    • Changes to contribution notice regime (DB)
    • Broader TPR information gathering powers (DB)
    • Increased regulatory fines of up to £1m (DB)
    • Climate risk governance and risk reporting requirements (DB £5bn +)
    • Changes to annual Chair’s statements (DC)
  • 30 November 2021
    • New requirements in relation to statutory transfer checks (DB/DC)
  • 31 December 2021
    • Enhanced value for money assessments (DC £100m or less)
  • April 2022
    • New employer related notifiable events and notice obligations (DB)
    • Nudge to pensions guidance for statutory transfers (DC)
    • Launch of collective money purchase scheme regime (DC)
  • Summer 2022
    • TPR Single Code of Practice (DB/DC)
  • 1 October 2022
    • Simpler DC annual benefit statements (DC)
    • Climate risk governance and risk reporting requirements (DB £1bn +)
  • Q4 2022
    • Changes to DB scheme funding (DB)
    • TPR DB Funding Code of Practice (DB)
  • Spring 2023
    • Pensions dashboard (DB/DC)
  • 6 April 2028
    • Increase in normal minimum pension age to 57 (DB/DC)

Key contact

Richard Knight

Richard Knight Partner

  • Head of Pensions
  • Pensions Services
  • Pensions Legal Advice

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