Trustees

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Trustees guidance:

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

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

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 TRUST-BASED OCCUPATIONAL PENSION SCHEMES Occupational pension schemes can have a number of different trustee structures, the most common of...

Practice Note

THIS PRACTICE NOTE APPLIES TO TRUSTEES OF ALL PENSION SCHEMES A power is a legal authority conferred on a person to deal with and dispose of property which is not their...

Practice Note

FORTHCOMING DEVELOPMENT: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...

Practice Note

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: Discretionary...

Practice Note

It is increasingly common to find independent individuals acting in relation to occupational pension schemes, either as the sole trustee or as one of a number of trustees...

Practice Note

FORTHCOMING DEVELOPMENT 1: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...

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...

Practice Note

Statutory requirements Trustee boards must put in place and implement arrangements which provide for at least one-third of the total number of trustees to be...

Practice Note

THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMES This Practice Note examines the powers of the Pensions Regulator (the Regulator) to suspend or...

Practice Note

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 explores the origins of...

Practice Note

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 level of...

Practice Note

Other protections available to trustees Despite dire warnings about the onerous nature of trusteeship, the liabilities imposed by the Pensions Regulator and the pitfalls...

Practice Note

FORTHCOMING DEVELOPMENT: On 2 July 2019 the Pensions Regulator (TPR) outlined consultation proposals into the future of trusteeship and governance. TPR...

Practice Note

THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMES Trustees may be subject to personal liability if they commit a breach of trust which causes loss to...

Practice Note

FORTHCOMING DEVELOPMENT: On 2 July 2019 the Pensions Regulator (TPR) outlined consultation proposals into the future of trusteeship and governance. TPR proposes to reduce...

Practice Note