UK Pensions Update - January 2020

Read publication

Following the busy period running up to the end of the year, January has been relatively quiet on the pensions legal update front, with the important exception of the progress of the newly-re-introduced Pension Schemes Bill. However, we understand that various government and regulatory announcements and updates are expected to be released in February, not least the consultation on the new draft DB Funding Code, so watch this space.

In this issue:

• Pension Schemes Bill reintroduced and making its way through Parliament
• Fifth Money Laundering Directive - an update
• High Court finds no power in the Britvic scheme to switch to an increase rate lower than RPI
• Employment Tribunal decides that veganism is a protected belief in pensions investment case
• Ombudsman dismisses complaints brought by former British Steel workers
• Employers could see changes to their PPF insolvency risk ratings
• Pensions Regulator fines the FCA for non-compliant chair's statement