Defined Contribution Occupational Schemes
Managing your scheme
Your first port of call for managing your scheme should always be the Pensions Regulator's website at www.tpr.gov.uk. There is detailed guidance for trustees/scheme administrators to help you understand the role of scheme trustees and how to manage your pension scheme with a free online trustees toolkit, learning programme. There is also detailed guidance for employers.
We have produced a guide to help trustees understand their legal responsibilities. It provides a summary of legal responsibilities and directs to additional sources of information. This is held in the document library. The content of the guide is Zurich's interpretation of the rules and regulations. Whilst every care has been taken to ensure the accuracy of the information, the Company cannot accept responsibility for it. You may wish therefore to take legal advice on these matters.
Also in the document library are the rules that we may have recently written to you about. Please check your letter for the correct reference. As with any legal document, you should speak to your legal advisers to check that these rules are appropriate for your scheme.
When you are ready to adopt these new scheme rules please complete the resolution enclosed in your letter with the following details:
- the name of the principal employer
- the name of the scheme
- the signature of the principal employer and date
- the signature of the trustees and date.
Please return one copy to us using the address in the letter to confirm that the new rules have been adopted.
It is the trustees' responsibility to ensure that record keeping requirements are met. If we hold scheme records, we will write to trustees prior to the scheme renewal and either confirm we have all the information needed for the scheme members, or enclose an invalid/missing common data report which we ask the trustees to complete and return. We only provide limited conditional data. Please note the information we provided relates to records we hold and trustees will have additional records to consider. The Pensions Regulator is to ask trustees to report on record keeping in their scheme return to help improve standards. Please see TPR's record keeping quick guide in the document library.