Government outlines climate risk governance and TCFD reporting changes
The government has outlined updated requirements for schemes in a new consultation confirming Task Force on Climate-related Financial Disclosures (TCFD)-aligned disclosures will be mandatory across the board by 2025.
The consultation - published today (27 January) - confirms a "significant portion" of mandatory requirements can be brought forward to 2023. These include a review on reporting requirements being extended...
More on Regulation
Chancellor Sunak 'likely' to freeze lifetime allowance
Chancellor Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to reports.
Exclusive: ACA calls for policy reform on AE, investments, and pensions tax
The Association of Consulting Actuaries (ACA) has set out six key reform areas it is calling on the government to address before the end of the current parliament.
TPR flexes powers after 8,200 quarterly AE breach increase
Enforcement activity carried out by The Pensions Regulator (TPR) between October and December 2020 saw auto-enrolment (AE) powers used on a total of 24,799 occasions, up 8,200 from the instances in Q3.
No let up for NHS doctors on pension tax tribulations
The government has drawn a line under talk of broad reform of the pension system for higher-paid NHS workers, such as doctors who face high tax charges, opting instead to build on flexibilities introduced last year.
A 'clear pathway' on ESG
New legislation is needed to push pension trustees and asset managers to consider ESG factors, Hope William-Smith reports.
