Pensions Industry 'Creaking' Under Regulatory Burden

By Martin Croucher (November 22, 2021, 3:49 PM GMT) -- The pensions sector is struggling under the weight of a growing regulatory burden, a trade body warned on Monday, as companies in Britain find it increasingly difficult to attract individuals willing to act as trustees.

The Association of Consulting Actuaries said that 76% of 212 companies it surveyed said they expect trustees to resign in the face of increased paperwork. And 88% say they will struggle to find replacements for trustees that leave.

The warning comes after the introduction of wide-ranging legislation in the Pension Schemes Act. More regulation is also proposed, including rules to require pension plans to improve communication with members and administrative changes...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!