Pensions Update — looking forward: great expectations or bleak house?
The pace of change for pension schemes will continue in 2014 and beyond. In place of its usual Pensions Update, Nabarro has produced a timeline plotting the main developments that it expects. Not all of them will happen exactly as set out — details and timings may change and some may not happen at all.
Significant changes may include the amendment of the money purchase definition, the abolition of contracting out and new disclosure regulations…
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The Finance Act 2014 received royal assent earlier this month. Here is a brief summary of the relevant provisions.
The European Market Infrastructure Regulation (EMIR) places reporting and risk mitigation requirements on pension scheme trustees entering into derivative contracts.
Analysis from The Lawyer
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