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UK pensions weekly: Chancellor’s DC/LGPS review, DB funding code guidance, call to regulate investment consultants, Norton FCF payout, reservist discrimination ruling, LGPS 2022 valuations (22 August 2024)

Published on: 22 August 2024

Published by a LexisNexis Pensions expert
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In this issue:

  • Funding and investment
  • Pension fraud and liberation
  • Discrimination
  • Public sector pensions
  • Daily and weekly news alerts
  • Dates for your diary
  • Trackers

Funding and investment

Chancellor publishes terms of reference for phase one of pensions review

Rachel Reeves MP, the Chancellor, has set out the terms of reference for the initial stage of the pensions review. First trailed on 20 July 2024 as part of the government’s pre-election manifesto, the review will be overseen by Emma Reynolds MP, the joint HM Treasury–Department for Work and Pensions Minister, and will centre on defined contribution workplace arrangements and the Local Government Pension Scheme. Phase one will take a broad look at investment and aims to share early conclusions later in 2024, in advance of the new Pension Schemes Bill being introduced. The second phase will commence later in 2024 and, alongside investment matters, will explore additional steps to improve pension outcomes, including retirement adequacy. As its analysis and policy proposals are developed, the review secretariat intends to engage extensively with the pensions industry...

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