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Pensions: what's new this week - 20 September 2022

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20 September 2022

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.