Are you a passenger to your pension scheme’s destination

Are you a passenger to your pension scheme's destination?

22 Nov 2024

All schemes are now required to have a long-term funding and investment strategy. Now is the opportune time for employers to proactively engage with trustees to steer the conversation towards its desired objectives. Understanding your preferred long-term strategy and engaging early with trustees is therefore crucial.

At a glance

• Employers and trustees are required to agree a formal funding and investment strategy for the first time, including setting a long-term objective for their scheme.
• If employers do not take the lead on establishing the appropriate long-term strategy, trustees may decide on one that does not meet the employers' objectives.
• This could result in a more expensive or longer journey for the employer, actions needing to be reversed or even stop employers achieving their desired goals.
• Early engagement is therefore key to ensure all parties are navigating towards the same desired destination.

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