Update: New Corporate Pensions Notifiable Events Delayed

Last September, the Government launched a consultation on proposals to introduce two new notifiable events to require corporate sponsors of defined benefit (DB) pension schemes in the UK to give early notice of material corporate transactions and security arrangements to their scheme's trustees and the UK Pensions Regulator. They also planned to make changes to the existing notifiable event relating to a decision by a controlling entity to relinquish control of a DB scheme sponsor.

It had been expected that these new notifiable events would come into force on 6 April this year. However, the Government has still not issued a response to its consultation and the final amending regulations are still awaited. It is unclear what has caused this delay.