The Government has published its long-awaited package of statutory guidance for the Local Government Pension Scheme in England and Wales, accompanying the investment and governance reforms in the Pension Schemes Act 2026. The guidance covers three linked areas: asset pooling, preparing and maintaining Investment Strategy Statements, and fund governance. The guidance is likely to become a central reference point for administering authorities, LGPS pools and advisers as the n

Paul Newman KC asks whether the use of flexible apportionment arrangements for commercial DB consolidation risks using the wrong statutory path for such a transaction. To read the article, click on the pdf below.

Paul Newman KC considers whether the proposed repeal of the DB surplus “members’ interests” test instead gives rise to a harder fiduciary question: why, as trustees, is it proper to pay scheme assets to the employer? To read the article, click on the pdf below.

Paul Newman KC looks at a recent DWP consultation which has revived an old question: does pensions law need a public trustee of last resort for orphan or troubled schemes? To read the article, click on the pdf below.

Paul Newman KC looks at a recent NHS Pension Scheme determination which shows why a deadline may not be the end of the matter where the scheme contains a discretion to extend time. To read the article, click on the pdf below.