Pensions Weekly Update – 18 October 2023

October 2023
Region: Europe

Here is our weekly summary of key legal and regulatory developments relevant to occupational pension schemes that you might have missed, with links for further information.

  • The Pensions Management Institute has published a guide on dashboards for the pensions industry. Along with basic information such as what the dashboards will deliver, the guide covers a variety of topics, including the legal aspects of pensions dashboards, the role of The Pensions Regulator, the importance of being dashboards ready and how to offer a commercial dashboard. For a shorter update on the current position in relation to pensions dashboards, see our publication Pensions Lessons for Trustees 2023.
  • The Pensions Administration Standards Association’s Digital Administration Working Group aims to provide clear guidance on “what good looks like” in terms of e-admin for trustees, scheme administrators and members. As part of its drive to develop best practices, it has issued a survey for pensions managers to assess the extent to which they have embraced digital technologies, the challenges they face and the benefits that they expect to gain from it. See the group’s website for more information on its aims and a link to the survey.
  • Our latest factsheet in our Pensions Life Hacks series offers tips on preparing a benefit specification; do you really need to go back through historical pension scheme documentation? Look out for our next life hack, which will offer tips on expression of wishes forms.
  • If you would like more information on other pensions topics, we have many resources in our Pensions Thought Leadership Library, including a suite of 28 #How2DoPensions quick guides covering a diverse range of topics from automatic enrolment, to corporate transactions for trustees, to preparing a statement of investment principles, to same sex marriage and civil partnerships to trustee protections (insurance, indemnities, exoneration provisions).

If you would like specific advice on any of these issues or on anything else, please contact a member of our Pensions team.

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