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...
FORTHCOMING DEVELOPMENT: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...
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...
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]...
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...
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...
FORTHCOMING DEVELOPMENT: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...
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...
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...
FORTHCOMING DEVELOPMENT 1: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...
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....
Produced in partnership with John Hamilton of Blake Morgan To: the [Active AND/OR Deferred AND/OR Pensioner] Members (“[the Members]”) of the [insert name pension scheme]...
Produced in partnership with John Hamilton of Blake Morgan To: the Trustees of the [insert name of pension scheme] (the “Scheme”) NB: to be a valid nomination, this form...
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...
Produced in partnership with John Hamilton of Blake Morgan To: the [active AND/OR deferred AND/OR pensioner] members [(the “Members”)] of the [insert name of pension...
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...
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...
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...
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...
Produced in partnership with John Hamilton of Blake Morgan The Scheme's arrangement for the selection and appointment of member-nominated trustees requires that, where...
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...
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...
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...
Other protections available to trustees Despite dire warnings about the onerous nature of trusteeship, the liabilities imposed by the Pensions Regulator and the pitfalls...
FORTHCOMING DEVELOPMENT: On 10 February 2020, the Pensions Regulator (TPR) published the response to its consultation on the future of trusteeship and governance. Among...
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...
Produced in partnership with John Hamilton of Blake Morgan 1 Conflicts of interest [No conflict of interest was reported prior to, or at the commencement of the meeting...
Produced in partnership with Oliver Hilton of Radcliffe Chambers 1 Conflicts of interest [No conflict of interest was reported prior to, or at the commencement of the...
