FORTHCOMING DEVELOPMENT: The Pension Schemes Bill 2020 published on 8 January 2020 contains provisions amending the definition of ‘administration charge’ to cover any use...
The role of secretary to pension trustees has changed dramatically in recent years and is important to the smooth running of a scheme. This Practice Note explains the...
ARCHIVED: This archived Practice Note provides information on the data protection regime before 25 May 2018 and reflects the position under the Data Protection Act 1998...
The table in this Practice Note identifies and briefly summarises the principal exemptions available under the Data Protection Act 1998 (DPA 1998). This Practice Note...
FORTHCOMING DEVELOPMENT: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...
In the course of running an occupational pension scheme, scheme trustees may choose to appoint an investment consultant and/or a fiduciary manager. Unlike ‘fund...
THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMES Running a pension scheme can, at times, be a demanding and complex task for trustees. There is much legislation...
THIS PRACTICE NOTE APPLIES TO REGISTERED OCCUPATIONAL PENSION SCHEMES In view of the complexity of modern-day pensions law and administration, it is unsurprising that...
Occupational pension schemes are generally constituted by a trust, and as such are governed by a board of trustees, whether individual trustees or a corporate trustee (in...
BREXIT IMPACT: The information to be given when appointing a corporate director will be affected by Brexit. For further details, see Impact of Brexit on appointment of...
FORTHCOMING DEVELOPMENT: Through the consultation on the DB funding code published on 3 March 2020, the Pensions Regulator is consulting on the extent to which the...
The auto-enrolment regime requires employers to provide information to: • different categories of workers and trustees (or managers) of relevant schemes in accordance...
THIS PRACTICE NOTE APPLIES TO TRUST-BASED DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES What is the balance of powers? In the context of a trust-based occupational pension...
With effect from 6 April 2016, active member discounts (AMDs) have been banned from 'qualifying schemes'. The provisions implementing this ban can be found: • for DC...
There have been concerns that member-borne commissions and consultancy charging: • have led to some members bearing charges without realising it or without accessing...
Since 31 March 2017, a cap applies to early exit charges in personal pension schemes and stakeholder pension schemes. This cap extended to occupational pension schemes...
FORTHCOMING DEVELOPMENT: On 5 February 2019 the DWP began a consultation ‘Investment Innovation and Future Consolidation: A Consultation on the Consideration of Illiquid...
Produced in partnership with John Hamilton of Blake Morgan This Deed is made the [insert day] day of [insert month] 20[insert year] Parties 1 [Insert full company name]...
Produced in partnership with John Hamilton of Blake Morgan 1 Background 1.1 This policy applies to the trustees (“the Trustees”) of the [insert name of pension scheme]...
ARCHIVED: This archived Practice Note provides information on the data protection regime before 25 May 2018 and reflects the position under the Data Protection Act 1998...
The General Data Protection Regulation (the GDPR), Regulation (EU) 2016/679 was published in the Official Journal of the EU on 4 May 2016. Its provisions became...
THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMES Occupational pension schemes can have a number of different trustee structures, the most common of...
ARCHIVED: This archived Practice Note provides information on the data protection regime before 25 May 2018 and reflects the position under the Data Protection Act 1998...
Brexit: On 31 January 2020, the UK ceased to be an EU Member State and entered an implementation period, during which it continues to be subject to EU law. During this...
DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on these training materials, see Practice Note: Brexit—implications for data protection. These...
FORTHCOMING DEVELOPMENT: The Pensions Regulator (TPR) announced that it intends to review its codes of practice over the next year to reflect the Occupational Pension...
