Regulatory reminder of basic trustee duties

A reminder of the importance for trustees and employers of complying with basic governance duties has been provided by a number of recent regulatory bulletins. In particular, the Pensions Regulator has drawn trustees’ attention to their duty to submit an annual scheme return and (in relation to DC schemes) to produce an annual chair’s statement. … Continue

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Overpaid pensions and members rights – what does case law say?

Pension scheme members are only entitled to those benefits that are provided under the rules of the scheme, so when a member receives more than that and is overpaid, the scheme must consider whether to recover the payments before providing all future pension instalments are calculated correctly. Where a claim is made to recover a … Continue

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DB investment guidance

Setting an investment strategy is complex, so it’s important for trustees to take the appropriate advice where necessary. To help with this, the Pensions Regulator has recently updated its guidance for trustees looking to set investment strategies for defined benefit schemes. The guidance forms part of the Regulator’s strategy to make occupational pension schemes simpler. … Continue

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