Commentary

105 Employers’ and trustees’ powers and obligations

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

105 Employers’ and trustees’ powers and obligations

| Commentary

105 Employers’ and trustees’ powers and obligations

The Pensions Act 2004 contains a series of other provisions which were intended to reduce the administrative burdens on the managing of pension schemes whilst safeguarding employees’ rights. They were largely designed to provide employers and trustees with greater flexibility in the way they run their schemes.

The Act prevented employers from opting out of having member-nominated trustees; indeed, most schemes are required to have a minimum of one third member-nominated trustees or directors1. It considerably simplified the previous rules in the Pensions Act 1995 and provided more scope for trustees to adopt arrangements

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