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FRC issues final guidance for Virgin Media confirmations
Following the passing of the Pension Schemes Act 2026, the Financial Reporting Council has today published its finalised guidance for scheme actuaries when asked to provide retrospective confirmation to validate historic amendments invalidated by the Virgin Media decision. The substance of the guidance is unchanged from the version issued in January: the final version introduces minor amendments to the wording and references to ensure clarity and alignment with the enacted le
New LGPS governance and pooling regs
Two significant LGPS statutory instruments were laid before Parliament yesterday. The Local Government Pension Scheme (Amendment) (Governance) Regulations 2026 introduce a new governance framework for administering authorities, including mandatory governance, training and conflicts documents, a senior LGPS officer, an independent person, knowledge and understanding requirements, administration strategies and independent governance reviews aligned with valuation cycles. Th
A rose by any other name …
Naomi Kilcoyne of Wilberforce Chambers looks at a recent decision by the Pensions Ombudsman on whether a pension scheme provision which appeared on its face to be a forfeiture clause in fact operated to deprive the member of the benefit. To read the article, click on the pdf below.
Interesting issues in indemnity insurance – Part 2
In the second of his alliteratively titled articles on trustee indemnity insurance, Paul Newman KC considers the circumstances in which pension trustees can use scheme assets to purchase run-off insurance cover during the winding-up of the scheme. To read the article, click on the pdf below.
Interesting issues in indemnity insurance
In the first of two articles on trustee indemnity insurance, Paul Newman KC asks whether trustees can be required to disclose in proceedings whether they have indemnity insurance in place. To read the article, click on the pdf below.
A view from Australia
Professor Scott Donald of the University of New South Wales looks at two recent Australian cases discussing the nature of the legal interest held by a member of a superannuation fund. To read the article, click on the pdf below.
