Pensions 2021 - the top six topics to watch
2020 was not the year that any of us expected. With Brexit and Covid-19 occupying much of the Government's time, it is little surprise that some of the developments that were expected to occur in the pensions world did not materialise. As a result, we expect 2021 to be a busy year for the pensions industry, with changes on the horizon that sponsors, trustees and pensions professionals will need to get to grips with.
The key areas on our radar where we expect further development and activity this year are:
- The Pension Schemes Bill
- Scheme funding code for defined benefit schemes
- GMP equalisation and transfers out
- Defined benefit superfunds
- Consolidation of defined contribution schemes
- New obligations regarding environmental, social and governance (ESG) factors
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