New FCA/TPR “regulated advice” guidance: shades of grey

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...

Crossroads for cross-border schemes

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...

Top ten tips for trustee minute taking – A lawyer’s perspective

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...

Data breaches and cyber attacks – managing the consequences

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...

Trustee protections – are we covered?

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...

GMP equalisation and buy-ins

  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...

What might an extension to the commercial property eviction ban mean for pension sche...

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...

Need to report a data breach? Brushing up your data breach policies? Have a read of s...

New guidelines on reporting data breaches were published in draft form in January this year by the body in charge of data protection rules in the EU (the “EDPB”). These new guidelines aren’t likely to apply to controllers who mainly...

The Pensions Regulator’s new clothes powers

So, the much discussed Pension Schemes Bill has finally received Royal Assent and we will now start to see the Pensions Regulator’s (TPR) new powers in practice.  Or will we? In the past, TPR has been criticised for using its powers...

Progress on pension scams

Pension scams have once again been in the news over the last few weeks as it has been reported that since the “pension freedoms” were introduced in 2015, approximately 40,000 people in the UK have been scammed out of their...