Trustees of pension plans offering an element of money purchase pension provision should be clear on whether their pension plan falls within the master trust regime. This does not just apply to commercial master trusts; it applies to a wide range of benefit structures.
Trustees are encouraged to check the status of their pension plan where there is any element of doubt and seek legal advice as appropriate. Employers and trustees of affected pension plans may wish to consider responding to the Department for Work and Pensions consultation, which closes on 12 January 2018.
Please contact your usual member of the Pensions team if you require any further information.
