by Gail Higgins | Sep 27, 2019 | Uncategorized
The Pensions Regulator has updated its guidance on investment for trustees of defined benefit pension schemes. Our note on the original guidance may be found here. In this note we describe the changes in the new guidance. Fiduciary management Some schemes use...
by Gail Higgins | Jul 12, 2019 | Uncategorized
The Pensions Regulator (“TPR”) has published a consultation document setting out its proposals to improve the quality of governance in occupational pension schemes. TPR notes that its annual surveys of schemes reveal that smaller defined benefit (DB) and defined...
by Gail Higgins | Jun 14, 2019 | Uncategorized
The Competition and Markets Authority (“CMA”) has published the Investment Consultancy and Fiduciary Management Market Investigation Order 2019, the package of remedies arising from its market investigation into investment consultancy and fiduciary management....
by Gail Higgins | May 3, 2019 | Uncategorized
The Department for Work and Pensions (“DWP”) has published guidance to clarify how schemes may use conversion of Guaranteed Minimum Pensions to achieve equal benefits for men and women. Background The DWP had published a description of the methodology in November...
by Gail Higgins | Apr 19, 2019 | Uncategorized
The Government has decided to offer a new type of employer-sponsored pension scheme that will entail all the members sharing the risks. Collective Defined Contribution (“CDC”) will be schemes with a target level of benefit where the contributions are fixed. ...
by Gail Higgins | Apr 5, 2019 | Uncategorized
Summary In the case of KeyMed v Hillman the High Court has confirmed that trustees have no fiduciary duty to the sponsoring employer, although they may properly consider the employer’s interests where those do not conflict with the interests of the scheme members or...
