Key Developments In Pensions: September 2019

Pensions Regulator: Updated guidance for trustees of DB schemes when investing scheme assets. The new guidance will replace the previous version which was issued in March 2017. Key changes include new disclosure requirements concerning financial material and non-financial factors and schemes stewardship activities to be included in the SIP. Another key change includes the requirements to set objectives for investment consultants and fiduciary managers. See guidance

Pensions Regulator: regulatory intervention report concerning chair's statement and the issuance of fines. By law, a chair's statement must be produced within seven months following the end of each scheme year. The Regulator's report reveals the need for details from trustees to demonstrate their compliance with the law in the face of greater scrutiny from the Regulator.