News & Analysis as of

Financial Services Industry Pensions

A&O Shearman

Pensions: what's new this week - March 31, 2025

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Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Finance Act 2025 receives royal assent - The Finance Act 2025...more

A&O Shearman

UK moves to permanently exempt UK and EEA pension schemes from the derivatives clearing obligation

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A draft of the Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 has been published alongside an explanatory memorandum. The draft Regulations will amend the UK European Market Infrastructure Regulation...more

Mayer Brown

The Pensions Brief: March 2025

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ISSUES AFFECTING ALL SCHEMES - PENSION SCAMS – UPDATED MEMBER LEAFLET - The Pensions Regulator (TPR) has updated its member leaflet on pension scams to remove the reference to Pension Wise....more

Hogan Lovells

UK pensions legal landscape: What’s new in February / March 2025

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In this news update, we highlight legal developments in UK pensions over the past five weeks. This update covers: News from the Pensions Regulator (TPR) Data strategy Preventing pension scams Priorities for 2025 DC and...more

A&O Shearman

UK Dormant Assets Parliamentary Review 2025 published

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The UK government's Department for Culture, Media and Sport has published the Dormant Assets Parliamentary Review for the period from February 2022 to February 2025 in accordance with the Dormant Assets Act 2022. The review...more

A&O Shearman

UK Pensions: what's new this week - February 24, 2025

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Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Financial reporting and the Virgin Media case - The...more

Mayer Brown

The Pensions Brief: February 2025

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ISSUES AFFECTING ALL SCHEMES - PENSION SCAMS – MEMBER LEAFLET - The Pensions Regulator (TPR) has updated its member leaflet on pension scams so that it is branded from the Pension Scams Action Group rather than TPR. The...more

A&O Shearman

Pensions: what's new this week - February 3, 2025

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Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. New rules on accessing DB surpluses - The Government has...more

Hogan Lovells

Key legal issues in 2025 for UK pensions: Our insights

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In this article, we look forward to likely key developments in UK pension law in 2025. This article covers, in particular: Virgin Media: the legal rollercoaster continues … The Pension Schemes Bill: a comprehensive...more

Hogan Lovells

UK Pensions Legal Landscape: What’s new in January 2025?

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In this news update, we highlight legal developments in UK pensions from January 2025. This update covers: Investment news: Pensions Investment Review: consultation closes Derivatives clearing exemption to be extended...more

Pullman & Comley - Labor, Employment and...

Retirement Plan Update – Forfeitures are New Focus of Fiduciary Breach Litigation

Many employer-sponsored defined contributions plans, including 401(k) profit sharing plans and money purchase pension plans include a vesting schedule – a period over which a plan participant earns a nonforfeitable right to...more

A&O Shearman

Pensions: DC trustee agenda update - February 2025

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Welcome to our monthly update on current legal issues for trustees of DC pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on your next...more

A&O Shearman

Pensions: Joint DB & DC trustee agenda update – February 2025

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Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on...more

Groom Law Group, Chartered

Accelerated PBGC Premium Deadline for 2025 – Unless Congress Acts…

Under the Bipartisan Budget Act of 2015 (“BBA 2015”), Pension Benefit Guaranty Corporation (“PBGC”) premiums for plan years beginning in 2025 are due one month earlier than normal. For example, for calendar year plans,...more

Mayer Brown

BPA Market: a Key PRA Priority for 2025

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The Prudential Regulation Authority ("PRA") has set out its 2025 expectations for UK insurers, by way of a Dear CEO Letter.  The areas are not exhaustive but do represent "thematic priorities". The themes will not come as a...more

A&O Shearman

Pensions: what's new this week - January 20, 2025

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Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Government confirms continuation of clearing exemption - ...more

A&O Shearman

Mansion House: UK Financial Conduct Authority Feedback on Advice Guidance Boundary Review and Next Steps

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The U.K. Financial Conduct Authority has published feedback to its December 2023 advice guidance boundary review. The review included a number of proposals to improve how people can access help with their pensions and retail...more

Proskauer - Regulatory & Compliance

Mansion House Speech 2024 – Growth and Competitiveness

Background On 14 November 2024, the United Kingdom’s Chancellor of the Exchequer delivered a speech setting out the UK Government’s vision to grow and enhance the competitiveness of the financial services sector (the...more

A&O Shearman

Pensions: what's new this week - November 11, 2024

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Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Data breaches: New ICO resources on communications - The...more

Carlton Fields

Sometimes, Pension De-Risking Makes Cents

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In a defined benefit plan, participants usually accrue a monthly benefit based on a formula that typically considers their last three years’ salary before retirement and years of service with their employer. For example, the...more

IR Global

Could an interest rate reduction reduce government expenditure?

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A 1% reduction in the Bank Rate would reduce the UK government's annual interest charges on the national debt, but the exact amount of the reduction depends on the proportion of the debt that is sensitive to changes in...more

Mayer Brown

The Pensions Brief - July 2024

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ESG – compliance review findings - The Pensions Regulator (TPR) has published the findings from its review of how trustees are complying with their wider ESG duties. The review concludes that while 99% of trustees of...more

Blake, Cassels & Graydon LLP

Principaux développements dans le secteur des régimes de retraite et des avantages sociaux

De nouveaux développements sur le plan réglementaire, technologique et culturel viennent façonner l’évolution du secteur des régimes de retraite et des avantages sociaux au Canada en 2024....more

Blake, Cassels & Graydon LLP

Key Developments in the Pensions and Benefits Sector

New regulatory, technological and cultural developments are shaping the evolution of Canada’s pensions and benefits sector in 2024. Below are five factors impacting how pension plans and funds operate...more

Blake, Cassels & Graydon LLP

Alerte : L’ARSF publie la version finale de sa ligne directrice relative aux modifications d’un régime de retraite

L’Autorité ontarienne de réglementation des services financiers (l’« ARSF ») a publié la version finale de sa Ligne directrice relative aux modifications d’un régime de retraite, laquelle est entrée en vigueur le 4 juin 2024...more

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