Scheme governance

Scheme governance guidance:

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...

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

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...

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 occupational pension...

Practice Note

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]...

Precedents

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]...

Precedents

This Practice Note discusses the two ‘failure to prevent’ corporate criminal offences created by the Criminal Finances Act 2017 (CFA 2017): • CFA 2017, s 45 creates the...

Practice Note

THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMES Pension scheme trustees have a duty to act in the best interests of the scheme's beneficiaries....

Practice Note

Anti-money laundering regime The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (MLR 2017) form part...

Practice Note

FORTHCOMING DEVELOPMENT: On 11 February 2019 the DWP published its response to the consultation ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’...

Practice Note

THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMES This Practice Note focuses on overpayments of benefits to scheme members. For information specific...

Practice Note

PMI—Guide to the Key Principles of Pension Administration Agreements (November 2014) In November 2014, the Pensions Management Institute (PMI) launched a revised best...

Precedents

Automatic enrolment Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2017 Section 13 of the Pensions Act 2008 (PenA 2008), provides that an...

Practice Note

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law. THIS PRACTICE NOTE APPLIES TO...

Practice Note

FORTHCOMING DEVELOPMENT: The Pensions Regulator (TPR) announced that it intends to review its codes of practice to reflect the Occupational Pension Schemes (Governance)...

Practice Note

THIS PRACTICE NOTE RELATES TO REGISTERED OCCUPATIONAL PENSION SCHEMES The general obligation upon trustees of registered occupational pension schemes to maintain adequate...

Practice Note

FORTHCOMING DEVELOPMENT: The Pension Schemes Bill 2020 was reintroduced in Parliament on 7 January 2020. This 2020 Bill (which differs from its withdrawn 2019 predecessor...

Practice Note

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law. Background Trustees play a vital role...

Practice Note

Pension Schemes Act 2015 The Pension Schemes Act 2015 (PSA 2015) covers three main areas: • the new ‘defined ambition’ pensions • the provision of the ‘guidance...

Practice Note

Contracting-out From 6 April 2016, defined benefit (DB) contracting-out will cease to exist. The intention was initially for the reforms to be introduced on April...

Practice Note

Produced in partnership with John Hamilton of Blake Morgan The trustees of the Scheme (the Trustees) have resolved [with the consent of [insert name of person]], in...

Precedents

Produced in partnership with John Hamilton of Blake Morgan In accordance with s 241 of the Pensions Act 2004, the trustees of the Scheme (the Trustees) have resolved to...

Precedents

Produced in partnership with John Hamilton of Blake Morgan THIS PRECEDENT APPLIES TO SCHEMES UNTIL 5 APRIL 2016. FOR FURTHER INFORMATION, SEE PRACTICE NOTE: Payment of...

Precedents

Produced in partnership with John Hamilton of Blake Morgan THIS PRECEDENT APPLIES TO SCHEMES UNTIL 5 APRIL 2016. FOR FURTHER INFORMATION, SEE PRACTICE NOTE: Payment of...

Precedents

This Practice Note sets out some practical considerations for both trustees (and sponsoring employers) in operating a defined benefit (DB) pension scheme which has been...

Practice Note

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law and also provides a high level...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES A scheme's statutory employer is an employer legally responsible for: • meeting the...

Practice Note

Pension schemes sometimes make payments to members that are not in accordance with scheme rules or that may breach other tax or legal regulations. As pensions is a...

Practice Note

Use of terms ‘connected’ and ‘associate’ in pensions Although originally defined for use under the insolvency/bankruptcy framework as set out under the...

Practice Note
Trending Topics
In-House COVID-19