8th October 2019 Senior Associate Nigel Jones comments in Mallowstreet on when trustees should be informed of corporate events
Notifiable events are expected to become part of pensions regulation, but with the government unclear about this, at what point should trustees be informed of corporate activity?
Senior Associate, Nigel Jones, commented a “sensible line” would be to anchor the new notification duty by reference to clearly defined trigger events with “sensible guidance on timing” – which are expected to be post-diligence phase but prior to signing. This, he said, should make it possible to have more effective oversight without inhibiting corporate activity too much.
“It will also mean trustees have a seat at the table earlier in the process and with that, the prospect of genuine engagement and better outcomes for their pension schemes,” said Jones.
Read Nigel’s comments in Mallowstreet.
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