Trigger happy TPR?
The Pensions Regulator’s Code of Practice on scheme funding is at pains to stress that the new statutory funding objective (SFO) is not just “son of MFR”, but is scheme specific with the trustees taking the leading role....
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The Pensions Regulator’s Code of Practice on scheme funding is at pains to stress that the new statutory funding objective (SFO) is not just “son of MFR”, but is scheme specific with the trustees taking the leading role....
The Pensions Act 2004 will require that at least one-third of the total number of trustees of occupational pension schemes are member-nominated trustees or directors (MNTs). The current proposal is that this moves up to 50% in 2009. The...
After a long journey tax simplification has finally arrived at its ultimate destination, A-Day (6 April 2006). Many occupational pension schemes will already have made changes to enable them to disembark and embrace the more flexible...
Designed to implement the European Pensions Directive, draft regulations have been published to set out the procedure to be followed by trustees winding up a defined benefit (DB) scheme which has a “recovery plan” in place. We...
The Trustee Knowledge and Understanding (TKU) requirements under the Pensions Act 2004 are set to come into force on 6 April 2006. All occupational pension scheme trustees must have sufficient TKU of pensions and trusts law to run their...
The cross-border road has been a series of twists and turns, with a final hairpin bend. The final date for applications is tomorrow – 29 March 2006. But the Regulator has published some further guidance on applications this...
From 6 April 2006, members who leave their occupational pension scheme “early” (but with at least 3 months’ service) will gain new rights. Following consultation documents published in July 2005, the regulations which...
