Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.
Where trustees discover that a document that they entered into does not reflect the intentions of the parties, they can apply to the courts for the contract to be rectified to reflect their intentions....
As The Pensions Regulator’s consultation on investment governance guidance closes, Holly Roach looks at the industry’s response.
Some 96% of trustees are ready for upcoming ESG regulations which will require schemes to agree their approach to responsible investment, according to Hymans Robertson.
Schemes already face a legislative requirement to carry out transfers promptly and efficiently, so they should voluntarily get on board with the industry-developed solution, says Tom McPhail
Professional Pensions' expert Brexit Advisory Panel discusses the key considerations for schemes ahead of the UK's potential exit from the European Union
Professional trustees can improve scheme governance, clear up misunderstandings, and ensure regulatory compliance, argues David Fairs