Services

Scheme Governance

Regulation in recent years has extended to almost every aspect of scheme governance. Trustees and employers now need to be aware of both statutory regulations which may impact upon the administration of their pension schemes and the many guidance notes and codes of practice issued by The Pensions Regulator which do not have legislative force.

The inevitable consequence of all this regulation is that trustees and employers have become concerned that they may be breaching some requirement of which they are not aware.

Pension Partners is able to assist both trustees and employers in understanding the full extent of their statutory compliance. It operates a professional trustee company, Pension Partners Trustee Limited, and so is fully aware of the difficulties faced by trustees in administering pension schemes whilst providing an appropriate audit trail. It is able to advise in general on all required paperwork and policies, including:

  • conflict of interest
  • risk management
  • selection of advisers
  • the actuarial valuation process
  • trustee knowledge and understanding
  • notifiable events
  • clearance applications
  • scheme returns

Current News

Cohabitee wins right to pension

The Supreme Court has ruled that a nomination requirement relating to the payment of a survivor’s pension under a public sector pension scheme discriminated against cohabiting unmarried couples and should be disapplied.

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Reversing Trustee Decisions

Trustees have on occasion relied on the “Hastings Bass” rule to unwind decisions that subsequently transpire to have unintended consequences. The scope to do so has been narrowed by the recent Supreme Court judgments in the jointly heard cases of Futter and another v HMRC and Pitt and another v HMRC.

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EU Solvency Rules dropped

The European Commission has announced that it is dropping its plans for a new funding regime for pension schemes.

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Pensions for Mortgages

Nick Clegg announces a new government idea to allow parents to use their pensions to help children onto the property ladder.

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