It’s an interesting time to be a trustee of a DB scheme. For the first time in a long time, many DB schemes are in a favourable funding position and, with the new DB funding regime around the corner, are going to have to look ahead and...
Following publication of the final version of TPR’s new general code of practice (the “Code”) in January 2024, the Code came into force on 28 March 2024. Signifying a new era for pension scheme governance and compliance, trustees...
Nearly a year after speaking at the LawDeb debate on the topic of whether DB surpluses should be returned to employers, the issue of surplus is attracting more attention than it has done since the 1980s. The DWP’s consultation on Options...
Were you ever the last person to leave a shared rental house? One of those big houses, which has seen occupants come and go, enjoyed good, bad and some definitely ugly times and had a rather, ahem, varied history in terms of maintenance...
The Pensions Regulator has made its position clear – diverse and inclusive boards make better decisions. So across the pensions industry, trustee boards are thinking about how to increase their diversity (it’s not always easy to...
Flick back through your trusted trustee meeting packs and you’ll find, doubtless tucked away somewhere near the back, the quarterly admin report. Always there. Always in the same format. (Almost) always rushed at the end of the...
Lawyers aren’t particularly well-known for their concise, accessible and easy to understand writing. But we should be, and we’ve come a long way from when every other sentence contained a Latin phrase and where commas were something...
As we head into winter (which seems to come around quicker every year), minds may begin to wander back to last year’s colder months and the rising energy costs that came with them. During that period, plenty of trustees were concerned...
The DWP recently published the outcome of its review of TPR. The report concludes that TPR is “broadly well-run and well regarded” and has a “strong relationship with the DWP”. Notable successes include the implementation of...
As part of its Mansion House reforms announced in July, the Government published a consultation (which has since closed) on a new policy framework to support DC members in trust based schemes in decumulation. If I’ve lost you already...
