The green paper Security and Sustainability in Defined Benefit Pension Schemes (Green Paper) was published by the Department for Work and Pensions (DWP) on 20 February 2017. It explains how the current defined benefit (DB) pension system operates and outlines the current regulation mechanism. It seeks to address concerns surrounding recent high-profile DB cases and a range of issues raised by industry commentators lobbying for change.

When you read this column, already four months of my presidency have elapsed and another eight months are to go. I thoroughly enjoy serving this wonderful organization and look forward to continuing my efforts to make our INSOL Europe family even more attractive for its members.

Welcome to the latest edition of the Banking and finance disputes review, the journal which analyses developments in dispute resolution relevant to financial institutions. Click here

On 23 November 2016, the European Commission published draft legislative proposals to amend key pieces of the EU’s banking and resolution regimes (CRD IV / CRR, BRRD and the SRM Regulation). Click here

In this 4th edition of the E-Storage Updater, our global team looks back on 2016, plus technology and regulatory news highlights for the last quarter. Click here for more.

Insurance focus is a bi-annual magazine on global legal and regulatory issues in the insurance industry, published by Norton Rose Fulbright. Click here for more.

The Department for Work and Pensions (DWP) has announced that it will conduct a review of automatic enrolment during 2017, which will focus on ensuring that auto-enrolment continues to meet the needs of individual savers. Evidence will also be gathered about the appropriate level of future contributions into workplace pensions, although the Government does not expect to make policy decisions on this area during 2017.

Of general interest to all schemes is the launch of TPR’s initiative in pursuit of what it calls “21st century trusteeship”. In our update for August 2016, we reported that TPR had published a consultation paper under this banner, seeking views on how the standards of trusteeship in occupational schemes could be raised. Click here for more.

The Insurance Act represents the biggest shake up in insurance law for over a century. It has long been recognised that our insurance law needed to be reformed to bring it up to date and more in line with our jurisdictions. The Act has now been in force for over five months and it has introduced a number of provisions which are beneficial to commercial Insureds, whether scheme trustees or sponsoring employers.

Once again, several significant changes in pensions regulation are likely over the coming year. In our January briefing, we consider the likely principal developments over the next twelve months. Click here for more.