
Climate reporting and pensions dashboards: A driver for engagement?
How could forthcoming changes on climate reporting and pensions dashboards drive further, much needed engagement between pension providers and their members?
Richard played a key role in resolving a pension issue which arose at a late stage of a deal involving the sale of my company. Richard offered commercial and pragmatic solutions, and worked quickly and diligently to help get the deal over the line. His personable nature makes him a pleasure to work with.
STRACHAN HILL
Richard provides legal advice to the trustees and employers of occupational pension schemes on a variety of matters including buy-ins, apportionment arrangements, scheme mergers, wind-ups, pension freedoms and auto-enrolment. His work covers the private, public and third sectors. Richard’s broad range of experience also includes work undertaken on behalf of our professional trustee company, MacRoberts Trustees Limited, and helping trustees to manage both the operational and strategic aspects of running an occupational pension scheme.
Richard is a full member of the Association of Pension Lawyers, and holds a Retirement Provision Certificate from the Pensions Management Institute. He is also a member of the Leaders Network of the 2050 Climate Group, having completed the charity’s Young Leaders Development Programme in 2018.
In addition, Richard is a key member of the firm's Environment Committee, driving forward the firm's commitment to reducing the environmental impact of our business.
How could forthcoming changes on climate reporting and pensions dashboards drive further, much needed engagement between pension providers and their members?
The Pension Schemes Act 2021 received Royal Assent on 11 February 2021 and, piece by piece, is delivering significant changes to the pensions landscape.
The High Court in England and Wales has ruled that trustees are required to remedy certain past transfers out of defined benefit schemes which did not account for the equalisation of guaranteed minimum pensions (“GMPs”) (Lloyds Banking Group Pensions Trustees Ltd v Lloyds Bank PLC & Ors [2020] EWCh 3135 (Ch)). It is a decision that is likely to cause administrative headaches for the trustees of affected schemes for months – or years – to come.