If you have not yet heard about “FATCA”, you will in the near future. For pension plan trustees and administrators it has the potential to become an administrative and costly nightmare. We hope for US corrective legislation to exempt UK pension plans from FATCA but have been cautioned that this is unlikely, although administrative relief is a possibility. For now we would like to raise your awareness of this issue so that you are not caught unawares by any press reports, or commentary from other advisers. It is likely that there will be a need for some form of action.