Pensions: what's new this week - September 2022 # 3

Allen & Overy LLP

Welcome to your weekly update from the Allen & Overy Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions.

This week we cover the topic: 1 October 2022: compliance countdown.

1 October 2022: compliance countdown

A number of changes come into effect on or from 1 October 2022, in relation to:

  • climate change governance and reporting;
  • investment consultancy and fiduciary management requirements;
  • simpler annual benefit statements;
  • guidance on statements of investment principles and implementation statements; and
  • employer-related investment rules for DC master trusts.

For a rundown of these changes and action points to make sure your scheme is on top of its duties, please take a look at our 1 October 2022 compliance countdown.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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