Trustees of occupational pension schemes providing money purchase benefits must now appoint a chair and produce a chair's statement.
The Pensions Regulator will fine trustees of schemes who fail to produce a chair's statement within the required time limits. The fines range from £500 to £2,000.
Download our step by step guide for further information about the process of appointing a chair and creating a chair's statement.
For more information contact Lizzie Stone on +44 (0)333 006 0479 or lizzie.stone@TLTsolicitors.com