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MNT arrangements – time for a re-design?

Trustee boards are required to design and operate member nominated trustee (MNT) arrangements which are appropriate for their scheme. Many boards diligently des...

Increasing the NMPA

Introduction On 20 July 2021, the Government published a consultation on draft clauses for the Finance Bill 2021-22. Among these are clauses which will increase...

DWP Collective Money Purchase Schemes consultation

Introduction On 19 July 2021, the DWP published a consultation seeking views on the draft Occupational Pension Schemes (Collective Money Purchase Schemes) Regul...

WEBINAR : Quarterly Legal Update – July 2021

The breadth of TPR’s new powers under the Pension Schemes Act 2021 has been hotly debated. Our spotlight will focus on two recent consultations from TPR s...

Sackers checklist – GMP equalisation: Essential planning – the questions trustees need to ask – July 2021

Back in 2018, Mr Justice Morgan held in Lloyds No.1 that schemes are under a duty to equalise for the effect of GMPs. More recently, with Mr Justice Morgan once...

Permitted Charges within DC Pension Schemes – Sackers’ response to consultation

Background The DWP is consulting on the policy around the implementation of a threshold (or de minimis) below which the flat fee element of the combination char...

WEBINAR : Overcoming the challenging issues in a buy-in / buy-out transaction

There are many tasks that you need to undertake as a trustee when carrying out a buy-in or buy-out transaction. Some tasks are trickier to complete than others...

PASA’s GMP conversion guidance

Introduction The latest addition to PASA’s suite of GMP equalisation guidance was published on 9 July 2021, the eagerly awaited GMP conversion guidance (“the Gu...

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