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DWP consults on changes aimed at consolidating and promoting efficiency in DC schemes

United Kingdom - March 22 2019 On 5 February 2019, the Department for Work and Pensions (DWP) published a consultation on proposals to encourage occupational defined contribution…

ICO publishes expanded guidance on GDPR for pensions trustees

European Union, United Kingdom - January 3 2018 The ICO has replaced its “Overview of the GDPR” with a “Guide to the GDPR”. The guide includes expanded sections on consent, contracts and liabilities…

Deadline looming for pension schemes to obtain a Legal Entity Identifier

United Kingdom - October 31 2017 Many pension schemes will need to obtain a Legal Entity Identifier (LEI) from the London Stock Exchange by 3 January 2018 in order for their…

IBM appeal successful: cost saving measures allowed following rationality test

United Kingdom - August 8 2017 The Court of Appeal has allowed an appeal by IBM against the High Court over changes it sought to make to the defined benefit (DB) parts of its two…

Trustees of BA pension scheme flying high after winning case to award members extra payments

United Kingdom - June 1 2017 The Trustees of the British Airways pension scheme (Airways Pension Scheme Trustee) have won their case to award its 26,000 members with additional…