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Practice notes
Interaction with the additional State pensionBefore 6 April 2016, there were two levels of State pension provision:•the basic State pension—this was a...
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9th Nov
Practice notes
The power to make pension attachment orders (previously referred to as earmarking orders) arises from the insertion of sections 25B–25D of the...
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Produced in partnership with Rebecca Dziobon of Penningtons Manches Cooper 12th Jan
Practice notes
The Electricity Supply Pension Scheme (‘ESPS’) is a trust-based scheme established by the Electricity Council by a resolution dated 20 January 1983 as...
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Produced in partnership with Gary Delderfield of Eversheds Sutherland 12th Jan
Practice notes
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...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan
Practice notes
This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
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9th Nov
Practice notes
Bridging pensions—backgroundBridging pensions are a form of pension provided by some (but not all) defined benefit occupational pension schemes in...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan
Practice notes
When trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe application is the best...
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Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Adele Isaacs of Bankside Chambers 12th Jan
Practice notes
THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESThis Practice Note applies to business sales which are subject to the Transfer...
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Produced in partnership with Ginevra Gatrell of gunnercooke LLP 12th Jan
Precedents
Option 1—deed executed by a company under its common seal (model articles, where the authorised signatory is an...
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9th Nov
Practice notes
THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESThis Practice Note looks at the alternative methods available to...
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9th Nov
Practice notes
THIS PRACTICE NOTE APPLIES TO PERSONAL PENSION SCHEMES This Practice Note looks at the disclosure requirements that were applicable to trustees (or...
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9th Nov
Practice notes
Pension loss will generally only arise in cases where an individual has lost their job and the pension provision that went with that job. An...
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Produced in partnership with Keith Bryant QC of Outer Temple Chambers. 12th Jan
Precedents
Date: [insert date](1)[Name of Former Principal Employer](2)[Names of Trustees](3)[Name of the New Principal Employer]Deed of Substitution of...
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Produced in partnership with Blake Morgan LLP 12th Jan
Precedents
Month means a calendar month; Close This is a suggested definition for the term 'month', which...
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9th Nov
Practice notes
The conceptIt used to be the case that contracted-out salary-related (COSR) schemes could revalue a deferred member's guaranteed minimum pension (GMP)...
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Produced in partnership with Peter White 12th Jan
Precedents
The following pension clauses set out the pensions information to be included in an employment contract, depending on the type of...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Most recent Trustees content

Practice notes
CORONAVIRUS (COVID-19) UPDATE: The market volatility caused by coronavirus has led to an increase in DB scheme deficits (see News Analysis:...
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9th Apr
Practice notes
FORTHCOMING DEVELOPMENT: On 10 February 2020, the Pensions Regulator (TPR) published the response  to its consultation on the future of trusteeship...
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9th Apr
Practice notes
Other protections available to trusteesDespite dire warnings about the onerous nature of trusteeship, the liabilities imposed by the Pensions...
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9th Apr
Practice notes
This Practice Note explores the boundaries of a trustee’s duty not to fetter his discretion. It should be read in conjunction with the Practice Note:...
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Produced in partnership with Richard Hitchcock QC, Michael Uberoi and Saaman Pourghadiri of Outer Temple Chambers 9th Apr
Practice notes
When making decisions, trustees are required, among other things, to:•act in the best interest of scheme beneficiaries•act for a proper purpose•have a...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr
Practice notes
THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMESPension scheme trustees have a duty to act in the best interests of the scheme's...
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9th Apr
Practice notes
It is increasingly common to find independent individuals acting in relation to occupational pension schemes, either as the sole trustee or as one of...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr
Practice notes
Statutory requirementsTrustee boards must put in place and implement arrangements which provide for at least one-third of the total number of trustees...
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9th Apr
Practice notes
THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMESTrustees may be subject to personal liability if they commit a breach of trust...
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Produced in partnership with Elizabeth Haggis of Excuria Law 9th Apr
Practice notes
THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMESIndividual trustees v corporate trusteeThe most common trustee structures used...
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9th Apr
Practice notes
THIS PRACTICE NOTE APPLIES TO TRUSTEES OF ALL PENSION SCHEMESA power is a legal authority conferred on a person to deal with, and dispose of, property...
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Produced in partnership with Oliver Hilton of Radcliffe Chambers 9th Apr
Practice notes
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...
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Produced in partnership with Mr Mark Baker 9th Apr
Practice notes
It is often thought that pensions scheme trustees owe a duty to act in the best interests of the beneficiaries of the scheme. This Practice Note...
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Produced in partnership with Michael Uberoi and Saaman Pourghadiri of Outer Temple Chambers 9th Apr
Practice notes
THIS PRACTICE NOTE APPLIES TO ALL TRUST-BASED PENSION ARRANGEMENTSUndertaking the office of trustee should never be taken lightly, and this holds...
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19th Mar
Practice notes
THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESThe only pension scheme trustees currently required to appoint a chair are...
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11th Mar
Precedents
In accordance with s 241 of the Pensions Act 2004, the trustees of the Scheme (the Trustees) have resolved to adopt the member-nominated trustee...
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Produced in partnership with Blake Morgan LLP 5th Mar
Precedents
To: the [Active AND/OR Deferred AND/OR Pensioner] Members (“[the Members]”) of the [insert name pension scheme] [“the Scheme”]From: The Trustees of...
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Produced in partnership with Blake Morgan LLP 5th Mar
Precedents
THIS PRECEDENT APPLIES TO SCHEMES UNTIL 5 APRIL 2016. FOR FURTHER INFORMATION, SEE PRACTICE NOTE: Payment of surplus to the employer—ongoing pension...
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Produced in partnership with Blake Morgan LLP 5th Mar
Precedents
To: the Trustees of the [insert name of pension scheme] (the “Scheme”)NB: to be a valid nomination, this form must reach [insert name and address of...
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Produced in partnership with Blake Morgan LLP 5th Mar
Precedents
To: the [active AND/OR deferred AND/OR pensioner] members [(the “Members”)] of the [insert name of pension scheme] [(the “Scheme”)]From: The trustees...
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Produced in partnership with Blake Morgan LLP 5th Mar

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