Employment and pensions
Q4 2022 Pensions Action Plan
Published on 11th Aug 2022
A summary of changes and proposals in pensions law and regulation over the last quarter, which employers and trustees need to respond to now or in the coming year
![Close up of people in a meeting, hands holding pens and going over papers](https://oc-static.poweredbyproctors.co.uk/public/images/22/03/16/OC-IS_014.jpg?VersionId=1Tib4fKv.Nqk2w1K5VvdlIwCYl9oKOlf)
We have released our Q4 2022 Pensions Action Plan. Topics addressed in this edition include:
- new expectations for statements of investment principles and implementation statements;
- a reminder of the 1 September 2022 deadline for registering certain trusts with HMRC;
- new regulations and guidance on the legal requirement for trustees to set strategic objectives for investment consultants and run a competitive tender for certain fiduciary management appointments, and a 10 December 2022 deadline to meet;
- a reminder of the need for all benefit statements issued on or after 1 October 2022 by DC schemes used for automatic enrolment to comply with new "simpler annual benefit statement" standards;
- the Department for Work and Pensions' consultation on new defined benefit scheme funding and investment regulations;
- the latest on pension scams and the 2021 transfers regulations;
- the latest on pensions dashboards; and
- new guides to help trustees to review cyber risk and improve cyber resilience.
To receive your copy of the Action Plan, please ask your usual Osborne Clarke contact.
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