United Kingdom: Pension Schemes Act 2021 becomes law

In brief

The Pension Schemes Bill has received royal assent and passed into law as The Pension Schemes Act 2021. The new legislation will make a number of important changes across a number of different areas, including Regulator powers, DB funding, transfers, climate change governance and disclosure requirements as well as pensions dashboards.  For a summary covering all the key changes please see our recent alert.


Contents

A key aspect of the new legislation is the tougher powers being given to the UK Pensions Regulator. A two-page summary focussing on this aspect of the new legislation can be found by clicking on the link below.

Download PDF

Contact Information
Sarah Hickling
Knowledge Lawyer at BakerMcKenzie
London
sarah.hickling@bakermckenzie.com
Paul Williams
Senior Associate
Johannesburg
paul.williams@bakermckenzie.com

© 2021 Baker & McKenzie. Ownership: This site (Site) is a proprietary resource owned exclusively by Baker McKenzie (meaning Baker & McKenzie International and its member firms, including Baker & McKenzie LLP). Use of this site does not of itself create a contractual relationship, nor any attorney/client relationship, between Baker McKenzie and any person. Non-reliance and exclusion: All information on this Site is of general comment and for informational purposes only and may not reflect the most current legal and regulatory developments. All summaries of the laws, regulation and practice are subject to change. The information on this Site is not offered as legal or any other advice on any particular matter, whether it be legal, procedural or otherwise. It is not intended to be a substitute for reference to (and compliance with) the detailed provisions of applicable laws, rules, regulations or forms. Legal advice should always be sought before taking any action or refraining from taking any action based on any information provided in this Site. Baker McKenzie, the editors and the contributing authors do not guarantee the accuracy of the contents and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents of this Site. Attorney Advertising: This Site may qualify as “Attorney Advertising” requiring notice in some jurisdictions. To the extent that this Site may qualify as Attorney Advertising, PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. All rights reserved. The content of the this Site is protected under international copyright conventions. Reproduction of the content of this Site without express written authorization is strictly prohibited.