We have now published the second edition of our Trustee Knowledge Update. The Update aims to provide trustees with information on recent legal developments to help them satisfy their duties in relation to the requirements in the Pensions Act 2004 concerning the need for knowledge and understanding of the law relating to pensions and trusts.

Some of the key features of this Update are:

Regulator

  • Revised draft Clearance Guidance

  • Analysis of Recovery Plan Data (describing the experience in relation to Recovery Plans to date)

Legislation

  • Companies Act 2006 (a look at the relevance of the provisions which have come into force so far for corporate trustees)

Cases

  • Cripps v Trustee Solutions (how to treat a male member aged over 60 and under 65 at the date winding-up began who had accrued benefits in the scheme’s Barber window)

  • Sovereign Trustees v Glover (effective use of amendment power where not properly documented)

Government

  • DWP consultation on age discrimination and flexible retirement

  • DWP statement on policy intent behind amendments to the debt regulations in relation to legitimate scheme mergers and transfers

Things To Look Out For

  • Pensions Act 2006 - IDR provisions

  • Member-Nominated Trustees (significance of 31 October 2007)

A full copy of the Autumn 2007 edition of our Trustee Knowledge Update can be accessed here.

This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq

Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.

The original publication date for this article was 14/11/2007.