We bring you the latest edition of our quarterly report. The first quarter of 2024 has been shaped by significant regulatory changes, policy developments, and critical updates that impact trustees, sponsors, and members alike. From newly introduced funding regulations to important shifts in climate-related fiduciary duties, our report covers everything you need to stay informed.
Key Highlights Include:
Final DB Funding Regulations: We dive into the implications of the new funding rules and what they mean for defined benefit schemes moving forward.
Trustee Fiduciary Duties and Climate Change: We review the Financial Markets Law Committee’s take on trustees’ climate-related duties and the potential challenges ahead.
Final PPF Levy Rule for 2024/25: Key takeaways on the Pension Protection Fund’s levy rule and the accompanying tax rate changes outlined in the Finance Act 2024.
No Age Discrimination in Benefit Conversion: How the ruling against age discrimination in the conversion of final salary benefits to money purchase benefits affects scheme governance.
Automatic Enrolment Review 2024:Key findings from the review of automatic enrolment, including potential reforms and recommendations.
Investment and DC Updates: Critical updates on investment trends and developments in the defined contribution (DC) space.
This report is designed to equip you with the knowledge you need to navigate the challenges and opportunities ahead. We hope you find it insightful and helpful in your ongoing pension management strategies.
As always, from everyone at Spence, we hope you enjoy reading the report.
