The Pensions Regulator makes statement on Brexit

Trustees Agenda posted on 31 January, 2019

Aimed primarily at DB pension schemes, the Pensions Regulator has made a statement regarding the UK's exit from the European Union. In their statement the Regulator said 'Because workplace pensions are largely domestic in nature, we do not expect the UK's departure from the EU to have a significant effect in respect of the legislative basis under which schemes operate or trustees' ability to continue to administer their scheme effectively... However, there are some specific areas that trustees should pay attention to.'