Gov't Weighs New Pensions Reporting Rules For UK Trustees

By Martin Croucher (September 9, 2021, 12:10 PM BST) -- The government has said it wants pension plans trustees to inform the U.K.'s retirement savings watchdog about a wider range of circumstances or developments that could have an impact on the funding of schemes.

The Department for Work and Pensions launched a consultation on Wednesday on a range of new "notifiable events" that will require managers of retirement schemes to report to The Pensions Regulator. The additional reporting requirements form part of a package of measures, designed to help the regulator identify early threats to the long-term savings of employees.

"These draft regulations … equip The Pensions Regulator with powers to be sighted on specific...

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