Pensions law: what does 2022 have in store?

Our top picks of expected developments in 2022

We saw big changes last year in the world of pensions law, not least the introduction of new criminal powers for the Pensions Regulator and increased civil penalties for breaches of both new and old law. While we await to see how these powers are exercised in practice, the industry can expect further developments in a number of areas over the next year. In particular:

• The extension of the notifiable events framework;
• The Regulator's single code of practice;
• Defined benefit funding;
• ESG (including climate change);
• Challenge to the proposal of RPI to be aligned with CPIH;
• Consolidation (of both defined benefit and defined contribution schemes); and
• Collective money purchase schemes.