Trustees, governance and administration

Trustees, governance and administration guidance:

Why is greater transparency required? Over time, the Kay Review, the Financial Conduct Authority (FCA) and the House of Commons' Work and Pensions...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMES The requirement to appoint a chair was introduced on 6 April 2015 through the...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

THIS PRACTICE NOTE APPLIES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Regulatory framework—background Employer covenant statement 2009 In June 2009 the Pensions...

Practice Note

The auto-enrolment regime requires employers to provide information to: • different categories of workers and trustees (or managers) of relevant schemes in accordance...

Practice Note

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...

Practice Note

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...

Practice Note

There have been concerns that member-borne commissions and consultancy charging: • have led to some members bearing charges without realising it or without accessing...

Practice Note

Since 31 March 2017, a cap applies to early exit charges in personal pension schemes and stakeholder pension schemes. This cap extended to occupational...

Practice Note

FORTHCOMING DEVELOPMENT: On 5 February 2019 the DWP began a consultation ‘Investment Innovation and Future Consolidation: A Consultation on the Consideration of Illiquid...

Practice Note