The regulations require trustees and scheme managers of certain occupational pension schemes which have 100 or more members offering money purchase benefits to, amongst other things:
- from 1 October 2019, publish the Statement of Investment Principles (“SIP”)
- from 1 October 2020, publish an implementation statement on how they acted on the SIP
Trustees and managers of the relevant occupational pension schemes must have regard to this guidance on meeting the legislative requirements.
Read the Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations (Northern Ireland) 2018 on www.legislation.gov.uk
Reporting of costs, charges and other information: guidance for trustees and managers of relevant occupational schemes