Pension Plans and the New AML Requirements – A Call to Action

    View Authors January 2018

    The anti-money laundering requirements continue to throw up fresh challenges for pension trustees. The increased record-keeping requirements seem to have a lesser priority amongst the administrator community than GDPR compliance. Meanwhile, many of our clients are grappling with exactly what types of investment structures might lead to a tax liability triggering a requirement to register on HMRC’s Trust Registration Service. We provide some further guidance in this communication, in advance of the 5 March registration deadline.