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National Association of Pension Funds meaning

What does National Association of Pension Funds mean?
In legal practice, “National Association of Pension funds” refers to the UK trade association for occupational and workplace pension schemes—renamed the Pensions and Lifetime Savings Association (PLSA) in 2015. It represents trustees, scheme sponsors and members across defined benefit, defined contribution, master trusts and the Local Government Pension Scheme. The term is not defined in legislation or case law; it is a descriptive label for this industry body. PLSA materials are frequently cited by pensions lawyers and trustees as best-practice guidance on scheme governance, investment stewardship and corporate governance (for example, its stewardship and voting guidelines), and in responses to consultations by the Department for Work and Pensions, The Pensions Regulator, the Financial Conduct Authority and HM Treasury. It also develops practical resources (such as “Made Simple” guides and the Pension Quality Mark) and convenes industry forums and training. The association is not a regulator and has no statutory powers, but its policy positions can influence market practice and the regulatory agenda. Usage is consistent across England & Wales, Scotland and Northern Ireland. In Ireland, the equivalent body is the Irish Association of Pension Funds (IAPF); references to the “NAPF” typically concern the UK PLSA.
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NEWS
UK and EU environmental law weekly update—20 February 2025: UK ETS allocation, energy permitting, ESG (SDR/SFDR/EuGB), habitats and land use, waste/EPR, water quality, and key disputes

In this issue: Air emissions and climate change Chemicals Energy for environmental lawyers Environmental disputes and proceedings ESG and sustainability Nature, biodiversity and habitat conservation Waste Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Air emissions and climate change Greenhouse Gas Emissions Trading Scheme (Amendment) (No 2) Order 2025 SI 2025/124: This instrument is introduced to revise one element of UK secondary legislation and two items of assimilated direct law concerning climate change. It separates the imminent 2026–30 allocation window into a single‑year allocation for the 2026 scheme year (the ‘2026 allocation period’) and a further four‑year allocation for the 2027–30 scheme years (the ‘2027–30 allocation period’). The measure is made under powers in the Climate Change Act 2008 (CCA 2008) in relation to assimilated law. It takes effect on 31 March 2025. See: LNB News 13/02/2025 9...

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PRACTICE NOTES
UK Corporate Governance and Shareholder Stewardship Guidance: Key resources from CGI, GC100, IA/ABI, Glass Lewis, ISS, PLSA, PIRC and the Pre-emption Group

A curated selection of principal guidance published by The Chartered Governance Institute (formerly ICSA: The Governance Institute), the Association of General Counsel and Company Secretaries working in FTSE 100 Companies (GC100), the Association of British Insurers (ABI) and, following the merger of ABI Investment Affairs with The Investment Association (IA) on 30 June 2014, the IA (now responsible for all ABI guidance), Glass Lewis, Institutional Shareholder Services (ISS), the Pensions and Lifetime Savings Association (PLSA) (formerly the National Association of Pension Funds (NAPF)), Pensions & Investment Research Consultants Ltd (PIRC) and the Pre-emption Group. The Chartered Governance Institute guidance Board committees—terms of reference Remuneration committee — guidelines on terms of reference Nomination committee — guidelines on terms of reference Audit committee — guidelines on terms of reference Risk committee — guidelines on terms of reference ESG committee — guidelines on terms of reference Executive committees — guidelines on terms of reference Archived: Directors — The Chartered Governance Institute and...

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PRACTICE NOTES
Comparative guide to UK executive remuneration principles and voting expectations: FRC Code 2024, IA, Pensions UK, PIRC, Glass Lewis, ISS and QCA

This Practice Note outlines a comparison of the key remuneration principles contained in: UK Corporate Governance Code (the Code), issued by the Financial Reporting Council (FRC) Investment Association (IA) Principles of Remuneration Pensions UK Stewardship and Voting Guidelines published by Pensions UK (formerly the Pensions and Lifetime Savings Association (PLSA), and before that the National Association of Pension Funds (NAPF)) UK Shareholder Voting Guidelines published by Pensions & Investment Research Consultants Ltd (PIRC) Policy Guidelines for the UK published by Glass Lewis UK and Ireland Proxy Voting Guidelines published by Institutional Shareholder Services (ISS) Remuneration Committee Guide published by the Quoted Company Alliance (QCA) The influential bodies and guidance The UK Corporate Governance Code The FRC oversees corporate governance in the UK and therefore publishes and maintains a single code of good corporate governance practice. This is now titled the UK Corporate Governance Code (previously the Combined Code). The most recent version is dated January 2024...

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