Pensions and Lifetime Savings Association meaning

In this issue: Share Incentives weekly highlights 2025/2026 Corporate governance Budgets, Autumn Statements and Finance Bills Useful Information Dates for your diary Weekly highlights from other practice areas Share Incentives weekly highlights 2025/2026 This is our last Weekly Highlights of 2025. The first Weekly Highlights of 2026 will appear on 8 January 2026, with emails to customers sent on 9 January 2026. To stay current with daily and weekly developments, refer to the ‘Daily and weekly news alerts’ section for details on how to keep up to date with the latest news on a daily and weekly basis. From everyone in the Share Incentives team, we hope you enjoy the festive season and wish you a happy new year. Corporate governance Pensions UK publishes its Stewardship and Voting Guidelines 2026 Pensions UK (formerly the Pensions and Lifetime Savings Association (PLSA)) has released its Stewardship and Voting Guidelines for 2026. On remuneration in particular, Pensions UK...

On 6 April 2024, the trade association warned that introducing so-called lifetime provider models risks undermining the progress already made since parliament brought in rules back in 2012 compelling employers to enrol staff automatically into workplace retirement savings schemes. In November 2023, the Department for Work and Pensions (DWP) proposed changes that would let employees keep paying into a single retirement pot, rather than automatically opening a new plan each time they switch jobs. Ministers have encountered resistance to these ideas and seem to have cooled their tone noticeably on the overall package. The proposals are intended to tackle the steadily growing number of small pension pots. Among them is a 'stapling' approach, also called pot for life, that would permit workers to remain in the first scheme they started contributing to at the outset of their careers...

Minister for Pensions, Torsten Bell MP Speaking to delegates at the Pension and Lifetime Savings Association (PLSA) conference in Edinburgh on 11 March 2025, Torsten Bell MP said the government will firmly press on with the proposals first trailed in November 2024 to bring LGPS assets together by next spring. Ministers aim to fold the £400bn LGPS into a small number of larger vehicles overseeing a much bigger pool. At present, the LGPS is divided across 86 compact funds operated by administering authorities, each valued between £300m and £30bn. Bell added that the government intends to “stick to the timetable” of March 2026...

ARCHIVED : This Practice Note has been archived and is not maintained. The government set out a series of actions in response to the coronavirus (COVID-19) emergency. For more information, see the following Practice Notes: Coronavirus (COVID-19)—tax implications [Archived] Coronavirus (COVID-19)—key issues for Corporate lawyers This Practice Note offers a high-level overview of how the coronavirus situation affected executive remuneration and monitors updates issued by the government and the principal institutional investor organisations. For wider coverage of the impact on share plans, refer to Practice Note: Coronavirus (COVID-19) impact on share schemes. For broader background on the leading institutional investor bodies, see Practice Notes: Directors’ remuneration—institutional investor guidelines and Comparison of UK Corporate Governance remuneration principles. The coronavirus job retention scheme and the Job Support Scheme (JSS) The Coronavirus Job Retention Scheme (CJRS), first announced on 20 March 2020, supported UK employers through grants to help them continue paying up to 80% of salary for unworked hours (capped at £2,500...

This archived Practice Note outlined the principal changes anticipated to influence the corporate governance framework in 2018. It has not been revised since that year. For updates from January 2019 onwards, see Practice Note: Corporate governance: horizon scanning—2019 and beyond. In August 2017, the government issued its response to the green paper on corporate governance reform. It set out several measures, including a refreshed UK Corporate Governance Code, additional reporting duties under the Companies (Miscellaneous Reporting) Regulations 2018, and the Wates Corporate Governance Principles for Large Private Companies. Please share suggestions for topics to track via KnowhowLawyersCorporate@lexisnexis.co.uk. Mini-index January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 September 2018 No specific date in 2018 confirmed 2019 and beyond January 2018 Updated policies from the Pensions and Lifetime Savings Association (PLSA): publication of the 2018 Corporate Governance Policy & Voting Guidelines; for details, see LNB...

Section 2—Setting the scene This Resource Note summarises the core requirements of Section 2 of the UK Corporate Governance Code (UKCG Code) on the division of responsibilities, and signposts key third‑party materials, guidance, commentary and analysis, together with our own resources, to support practical application... Materials covered Financial Reporting Council (FRC) 2018 Guidance on Board Effectiveness Chartered Governance Institute (CGI) guidance (formerly ICSA: The Governance Institute) Institutional Shareholder Services (ISS) United Kingdom and Ireland Proxy Voting Guidelines 2024 Pensions and Lifetime Savings Association (PLSA) Stewardship and Voting Guidelines 2024 Pensions & Investment Research Consultants Ltd (PIRC) Shareholder Voting Guidelines, available to purchase from PIRC’s website Investment Association (IA) Comply or Explain: Investor Expectations and Current Practices (December 2012) EY/IA joint report, Board effectiveness—continuing the journey Resources in the Corporate practice area Mini-index Principles F–I Provisions 9–16 Notes In a nutshell...