Trustee boards are required to design and operate member nominated trustee (MNT) arrangements which are appropriate for their scheme. Many boards diligently designed arrangements back around 2006 but have made only relatively minimal...
At a recent discussion forum on cyber risks for pension schemes, I was struck by a theme emerging from the questions being asked: that, while in the past cyber had been just another one of the risks that trustees should acknowledge, there...
There has been a recent increase in the volume of longevity swaps being entered into by pension schemes. In 2020, the reported transaction volume for longevity swaps was judged by one consultant to be three quarters of the volume of...
On 30 March 2021 the Financial Conduct Authority (FCA) and the Pensions Regulator (TPR) issued updated joint guidance for employers and trustees on “providing support with financial matters without needing to be subject to FCA...
Certain regulatory requirements in relation to cross-border arrangements have fallen away post-Brexit. More recently, the Pensions Regulator (“TPR”) has updated its guidance for cross-border occupational pension schemes following the...
Taking trustee meeting minutes is an art form. Quarterly trustee meetings, in particular, often tackle a wide range of technical and potentially sensitive issues. The move to video-conferencing (and the IT challenges which have come with...
We all appreciate that pension schemes are increasingly coming onto the radar in the fields of data breaches and cyber controls, just as much as large corporations, government bodies and the financial services sector more widely. The...
Discussions about trustee protection used to be pretty straightforward. Employers were mostly content to give, and trustees to rely on, a broad indemnity both during the life of the scheme and following wind up. Members would get their...
Equalising benefits, particularly for the effects of unequal Guaranteed Minimum Pensions (“GMP equalisation”) has, for some time, been a pre-condition for insurers converting a buy-in policy in the name of the trustees to individual...
The current commercial property “eviction ban” (more accurately, but less headline-grabbing, it’s a moratorium on a landlord’s right of re-entry or forfeiture for non-payment of rent) is due to expire at the end of March. It has...
