Law & RegulationRSS

Bank of England: LDI strategies need 250bp collateral buffer

Simon Dawson/Bloomberg

The Bank of England’s Financial Policy Committee has announced a recommendation to the Pensions Regulator that it specify “minimum levels of resilience” in relation to pension schemes’ liability-driven investments to avoid damaging feedback loops from being forced sellers of assets.

TPR publishes EDI guidance for scheme trustees and sponsors


The Pensions Regulator has published equality, diversity and inclusion guidance that recognises the different roles of pension scheme governing bodies and employers. 

DB funding code is full of unintended consequences


The Pensions Regulator’s draft DB funding code has received some praise, yet for many it falls short of providing both stronger governance and greater certainty for schemes and sponsors. 

Delaying state pension age rise by 7 years will cost £60bn, says IFS


Delaying the planned increase in the state pension age by seven years to 2044-46 from 2037-39 is likely to cost the exchequer more than £60bn, according to the Institute for Fiscal Studies.

Bank of England raises interest rates to 4.25%

John Sibley/Reuters

The Bank of England has raised the base rate of interest, despite concerns over the impact this will have on the banking sector.

Govt delays plans to raise state pension age to 68

Toby Melville/Reuters

Ministers have delayed plans to raise the state pension age to 68 amid falling life expectancy in the UK, according to reports.

Use dashboards delay to achieve ‘dramatic improvements’ in data


Pensions schemes should use dashboards delay to get their data “dashboard ready”, according to new research.

MPs to examine future of DB pension schemes

Christine Balderas/iStock

The Work and Pensions Committee has launched an inquiry that will review defined benefit pension schemes and the challenges they pose to members, trustees, employers and the Pensions Regulator.

Budget 2023: Chancellor’s box of tricks makes LTA disappear

Justin Tallis/Getty Images

Chancellor Jeremy Hunt has faced calls in recent weeks to relax the rules on certain pension tax allowances to further his campaign to encourage older workers back into the workforce. 

Beware the ideas of March – or perhaps embrace them

Jeremy Hunt

March 15 was an inauspicious day for Roman politics, but if the chancellor frees up pension allowances, some people could make a killing.