Pension Schemes Bill published
On 5 June, the Government published the Pension Schemes Bill. The Bill aims to tackle fragmentation, boost investment, increase saver returns, address waste across the defined contribution (DC) workplace pensions market and the Local Government Pension Scheme (LGPS) and allow additional flexibility for the extraction of a DB surplus.
Pensions update: major Virgin Media development
The Government has announced that it will introduce a legislative 'fix' to give pension schemes the ability to retrospectively obtain written actuarial confirmation that historic benefit changes met the necessary standards.
Cybersecurity: is your pension scheme prepared for the expected? Fail to prepare; prepare to fail
The level of cybercrime continues to grow at an unprecedented rate in the UK and across the globe, with UK Government figures from 2021 showing that nearly 40% of businesses surveyed had suffered cyber security breaches or attacks in the last year. Over recent years the threat of attacks has been exacerbated by the increase in staff working from home, and from increased political tensions and activity from hostile states.