1 February 2012 is the cut off time by which trustees, who were trustees prior to and after 1 February 2010, must have completed their trustee training. Trustees appointed since 1 February 2010 had to receive training within six months of their appointment. Every trustee of an occupational pension scheme (except a death benefit only… Continue Reading
Monthly Archives: January 2012
7 Key Questions Trustees and Sponsoring Employers of Pension Schemes should ask when Appointing Professional Advisers
Posted in AdministrationAs the management and governance of pension schemes continues to increase in complexity and risk both sponsoring employers and trustees of pension schemes are increasingly looking towards appointing professional advisers to bring knowledge, experience, and expertise to the governance and management of their pension schemes in an effort to reduce risk and achieve cost efficiencies…. Continue Reading
Trustee contribution demands: is there a duty to make them?
Posted in Scheme RestructuringAs more and more sponsors of defined benefit schemes are preparing to terminate contributions to their schemes or are going into receivership, examinership or liquidation, a question which keeps arising for trustees is whether or not they are under a duty to demand payment of the scheme’s deficit. When trustees either know or have a… Continue Reading
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