The government has confirmed that it plans to proceed with an increase in the general levy rate in April, whilst simultaneously introducing four separate sets of rates for defined benefit (DB), defined contribution (DC), master trust and personal pension schemes.
It also confirmed that it would give consideration to the creation of additional levy categories to reflect the development of future scheme types, such as superfunds, in light of concerns from respondents
Pension scheme trustees will need to be aware of any scheme contracts transitioning from Libor to replacement rates after the Financial Conduct Authority (FCA) confirmed that Libor would end at the close of 2021
The Pensions Dashboards Programme (PDP) has launched a call for input into its identity approach, targeting pension providers, schemes, trustees and software suppliers, having received a "broad consensus" of support from identity providers
Association of Consulting Actuaries (ACA) chair, Patrick Bloomfield, discusses why the implementation of new climate reporting requirements needs to be flexible and evolve over time
The government has delayed the publication of the response to the consultation on trustee oversight of investment consultants and fiduciary managers until the first half of 2022