Sections

The Pensions Regulator

Regulatory guidance

Regulatory guidance

Member retirement options

Other factors influencing the approach

The procedure for setting up a pension may not always be straightforward.

Trustees will need to think about:

  • what steps to take if members (or dependants) do not respond to communications;
  • how to deal with small funds;
  • when to disinvest the fund; and
  • what special considerations, if any, apply to pension credit members (with benefits arising from a pension sharing order).

In most cases the scheme's advisers will be able to discuss the options for dealing with situations that can occur.

You might want to take a look at a more detailed description of the process (Annex B).