Employment and pensions

UK Pensions Action Plan Q4 2023

Published on 3rd Aug 2023

What pensions law changes and proposals over the last quarter do employers and trustees need to respond to in the coming months?

The Action Plan Q4 2023 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 year.

Topics addressed in this edition include:

  • Two recent High Court judgments on pension scheme amendments.
  • Cyber security.
  • The Work and Pensions Committee's report on liability-driven investment.
  • The pensions aspects of the chancellor of the exchequer's recent Mansion House speech.
  • The eight pensions-related consultation documents released immediately after that speech, including the consultation responses in relation to defined benefit superfunds, a new value for money framework for defined contribution (DC) schemes, extension of the collective money purchase scheme model and DC small pots.
  • Draft legislation to remove the lifetime allowance.

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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