Pensions

Welcome to the home of pensions on Law-Now.

On this page, you will find all the articles and publications for pensions.

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Recent Articles

  •  
    04/02/2025
    United Kingdom

    Trustee Knowledge Update – November 2024 - January 2025

    Trustees of occupational pension schemes have a statutory duty to ensure that they have an adequate knowledge and understanding of the legal issues relevant to their scheme. They must also ensure that they are up to date with relevant changes in the law, which given the volume of pensions legislation and regulation and other demands on their time, can be difficult. With this in mind, our regular trustee knowledge update (“TKU”) is aimed specifically at pension scheme trustees, letting them know what has changed in the last quarter and how it might be relevant to them. It highlights...
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  •  
    20/12/2024
    United Kingdom

    Avoiding bias in supervised machine learning tools

    On 11 December, the FCA published a research note on bias in artificial intelligence (AI). This publication is part of a series from the FCA exploring how AI intersects with financial services. The document does not constitute guidance for firms but aims to stimulate discussion on issues involved in building and implementing AI systems.The research note focusses on bias in supervised machine learning models. Supervised machine learning models predict outcomes (such as the future risk of someone making an insurance claim) based on past training data. The FCA focusses on how unjustified differences...
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  •  
    10/12/2024
    United Kingdom

    Pensions Ombudsman Update - December 2024

    Welcome to the latest Pensions Ombudsman Update from the CMS Pensions Team. The Pensions Ombudsman resolves many cases every year which are not only important for the parties concerned, but can shape wider industry practice. However, the sheer volume of cases dealt with can make it hard to keep track of decisions on individual topics, and underlying trends. Our Updates are designed to help you to get to grips with the Ombudsman’s thinking.Please click here to view the Update.
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  •  
    18/11/2024
    United Kingdom

    LTA abolition - tying up the loose ends

    More than 18 months on from the announcement of the abolition of the lifetime allowance (LTA), the amending legislation - including regulations correcting errors in the initial legislation - is now in place.When the Finance Act 2024 and accompanying regulations came into force on 6 April this year, HMRC identified that there were a number of corrections required (as described in our Law-Now here) and that there could be unintended tax consequences if certain actions were taken in the meantime. Regulations come into force today, with retrospective effect from 6 April 2024, which are designed...
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  •  
    05/11/2024
    United Kingdom

    Trustee Knowledge Update – Au­gust-Oc­to­ber 2024

    Trustees of occupational pension schemes have a statutory duty to ensure that they have an adequate knowledge and understanding of the legal issues relevant to their scheme. They must also ensure that they are up to date with relevant changes in the law, which given the volume of pensions legislation and regulation and other demands on their time, can be difficult. With this in mind, our regular trustee knowledge update (“TKU”) is aimed specifically at pension scheme trustees, letting them know what has changed in the last quarter and how it might be relevant to them. It highlights...
    Read more
  •  
    05/08/2024
    United Kingdom

    Trustee Knowledge Update - May - July 2024

    Trustees of occupational pension schemes have a statutory duty to ensure that they have an adequate knowledge and understanding of the legal issues relevant to their scheme. They must also ensure that they are up to date with relevant changes in the law, which given the volume of pensions legislation and regulation and other demands on their time, can be difficult. With this in mind, our regular trustee knowledge update (“TKU”) is aimed specifically at pension scheme trustees, letting them know what has changed in the last quarter and how it might be relevant to them. It highlights...
    Read more