1 September 2023
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Trustee Quarterly Update - September 2023

To The Point
(30 min read)

In this Update we take a look at key legal developments for trustees of occupational pension schemes over the past quarter.  These include some important cases such as the decision in Virgin Media Limited v NTL Pension Trustees II Limited regarding the consequences of failing to obtain a section 37 certificate, and the decision in British Broadcasting Corporation v BBC Pension Trust Limited regarding whether a reference to members' "interests" in a scheme amendment power included the right to continue to accrue future service benefits.  We also look at the key points arising from the draft legislation to abolish the lifetime allowance, and consider the potential impact of the "Mansion House reforms", the raft of pensions measures which the Government hopes will stimulate investment by pension funds in UK private equity and infrastructure.

Pensions Regulator
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Pensions Ombudsman
DC Developments

To the Point 

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