Recent years have seen significant regulatory changes relating to occupational pension schemes, including the implementation of the auto-enrolment requirements and the introduction of DC pension flexibility.
We often find that even a small change can have a significant impact on many pension schemes. Such changes can affect the cost of pension provision, and we can advise on options and opportunities that regulatory change may bring, as well as the compliance burden it might also introduce.
We will also assist you in implementing those changes including the preparation of documents required to do so.
Recent work includes:
- advice on producing a Chair’s statement for a DC scheme, to demonstrate compliance with quality standards
- advice in relation to GMP equalisation, following recent court judgment
- advice in relation to services provided by investment consultants and fiduciary managers, following CMA review
- advice on changes to the requirements for schemes’ statement of investment principles, including consideration of ESG factors
