Pension Schemes Act 2021: what happens next?
Updated 2 September 2021
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Updated 2 September 2021
Our round-up of recent developments in law and practice for in-house counsel.
A regular briefing for the alternative asset management industry.
Writing for Practical Law, Finance Partner Peter Hughes, Pensions Partner David James and Pensions Consultant Charlotte Feld consider negotiations between employers and DB pension scheme trustees against a backdrop of COVID-19.
A regular briefing for the alternative asset management industry.
The TCFD (Task Force on Climate-related Financial Disclosures) has launched a consultation on the development and use of forward-looking climate-related metrics by the financial sector.
The Department of Work and Pensions (DWP) recently consulted on the introduction of new duties that will require pension scheme trustees to have in place effective governance, strategy, risk management and accompanying metrics and targets to assess and manage climate risks and opportunities in their schemes.
Our regular round-up of recent developments and topics for your radar, news on training and networking events for in-house counsel, and an update on our legal tech initiatives.
On 25 June, the Committee on Climate Change (CCC) presented its annual report to Parliament, reflecting on progress over the last year and recommending action for the next. Not surprisingly given the extraordinary circumstances, the tone and content of the 2020 report is quite different from previous reports, with a strong focus on a green recovery from the COVID-19 crisis and a message that short-term measures have the potential to significantly impact long-term climate goals.
The Pensions Regulator has published several pieces of guidance for trustees, employers and administrators on coronavirus related issues. Our updated summaries of the guidance are published here.
The Coronavirus Job Retention Scheme (CJRS) is a government-funded scheme that provides a contribution towards wage costs for employers who stand staff down as a result of the COVID-19 crisis. Where, by reason of circumstances arising as a result of the coronavirus, the employer instructs an employee to cease all work in relation to their employment for 21 days or more, the employer can make them a "furloughed worker".