Welcome to the Summer 2016 edition of our Pensions Trustee Update. In here we highlight developments on the horizon that trustees need to be aware of and prepare for, as well as taking a look at recent developments.
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Jonathan Hazlett and Caroline Blackwood
Pensions timeline: what’s on the pensions agenda, and what actions do trustees need to be considering?
Our first section of this edition features a new timeline highlighting recent and forthcoming developments which pension trustees should be aware of, and actions that these require in order to help trustees plan issues to address on their scheme.
In focus: the implications of two major recent developments, Brexit and the Pensions Regulator’s DC Governance publications
In Section 2, ‘In Focus’ we consider the pensions implications of Brexit, including a review of the Pensions Regulator’s (TPR’s) statement on this, and highlight TPR’s new DC Code and supporting documents which have come into force.
Case law and regulatory developments
In this section we review a number of recent case law and Pensions Ombudsman decisions with implications for trustees and pension schemes, and highlight TPR’s 2016 Annual Funding Statement and the publication of its prosecutions policy.
News in brief
This update finishes with a round-up of news in brief, including pensions provisions in the Queen’s Speech, government consultations on the tax framework for the secondary annuity market and on the British Steel Pension Scheme, and a look at recent public sector pensions developments.