Pensions law trustee update - Q1 2022

Priorities for trustees this quarter are to:

• consider what scheme processes need to be updated to comply with the new pensions 'nudge' requirements for occupational defined contribution schemes;
• continue with any work needed in order to comply with the Pensions Regulator's (Regulator) draft code of practice; and
• consider what steps need to be taken to ensure compliance with the new climate change obligations from 1 October 2022 which will apply to schemes with £1 billion or more in assets.