The UK’s membership of the European Union (EU) has ended, although UK legal obligations based on EU law largely remained the same until the end of the transition period on 31 December 2020. During the transition period there were some areas we expected trustees of occupational pension schemes offering defined benefit (DB) and defined contribution (DC) to focus on.
The information below includes information on what you should have done to prepare your scheme and the steps you may needed to have taken.
During the transition period, trustees of DB pension schemes should have focused on areas such as investment, employer covenant and administration.
During the transition period, trustees of DC pension schemes should have focused on areas such as investment, member communications and administration.
