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Pensions: what's new this week 31 August 2021 | Allen & Overy LLP

Pensions: what's new this week 31 August 2021 | Allen & Overy LLP
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2021 Changes for UK Restructuring and Insolvency Market – Part 3


Monday, March 1, 2021
In the final part of our predictions for 2021 for the UK insolvency market we look at pensions, the National Security and Investment Bill and cross border matters.
The first and second part of this series of blogs is available here (part 1) and here (part 2).
 
Pension Schemes Act 2021 – caution for insolvency professionals
The Pensions Schemes Act made it into the legislative books recently having been on the watch list for some time.  Why is this of concern to those involved in restructuring?  Because it carries (or will do) criminal liability and civil fines of up to £1million.  Our previous blog explains how the legislation captures not just culpable directors but those typically involved in a restructuring including IPs, advisors and distressed lenders. ....

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Financial institutions general regulatory news, February 2021 # 3 | Hogan Lovells


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Recent regulatory developments of interest to all financial institutions, including the latest UK PRA and FCA COVID-19 updates. See also our sector specific updates in the Related Materials links.
Content 
COVID-19: FCA updates webpage on changes to regulatory reporting
COVID-19: FCA consults on extending guidance on cancellations and refunds
FCA Financial Lives 2020 survey and October 2020 COVID-19 panel survey
Pension Schemes Act 2021
BofE and FCA MoU on the supervision of market infrastructure and payment systems
UK Productive Finance Working Group
BofE Governor Mansion House speech
FCA policy development update ....

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