The Pensions Regulator has announced that the scheme return for 2016 will include a new question requiring trustees of relevant schemes to declare whether they have produced a chair's statement setting out how the scheme is complying with various governance standards.


The requirement to produce a chair's statement applies to schemes which provide at least some money purchase benefits (subject to exceptions for certain small schemes and schemes where the only money purchase benefits are AVCs). The deadline for producing a chair's statement depends on the date of a scheme's year end.  For a scheme with a 31 March year end, the deadline for the first statement will be 31 October 2016.

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Rachel Rawnsley

Rachel Rawnsley

Partner, Head of Pensions
United Kingdom

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Jade Murray

Jade Murray

Partner, Pensions
United Kingdom

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Catherine McAllister

Catherine McAllister

Partner, Pensions
United Kingdom

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Rachel Uttley

Rachel Uttley

Partner, Pensions
United Kingdom

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