Employment and pensions

UK Pensions Action Plan Q3 2024

Published on 1st May 2024

What pensions law changes and proposals do employers and trustees need to respond to and look out for?

Close up of people in a meeting, hands holding pens and going over papers

The Action Plan Q3 2024 is a summary of changes and proposals in UK pensions law and regulation over the last quarter, which employers and trustees need to respond to now or in the coming months. It also includes details of things to look out for.

Topics addressed in this edition include:

  • The removal of the lifetime allowance from 6 April 2024.
  • The Pensions Regulator's general code.
  • Cyber security.
  • Actions to take now that the government has confirmed the different dates by which schemes must connect to the pensions dashboards ecosystem and be ready to respond to requests for pensions information.
  • Actions to take in relation to defined benefit (DB) scheme funding.
  • Actions to take in relation to investment.
  • Proposals for new rules on distribution of DB surplus, a Pension Protection Fund (PPF) "super levy" and a new consolidator scheme run by the PPF.
  • Value for money and illiquid assets in defined contribution schemes.

To receive your copy of the Action Plan, please ask your usual Osborne Clarke contact.

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* This article is current as of the date of its publication and does not necessarily reflect the present state of the law or relevant regulation.

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