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Trustees cannot ignore deferred members abroad

Bethell Codrington

From the blog: The press is full of reports surrounding the transfer of defined benefit schemes to defined contribution or personal pensions. What has been massively overlooked is trustee responsibility to deferred members who are no longer UK residents.

 

The UK has a tradition of employing migrant workers not just from the EU, but globally. A large number of them return home after a period in the UK, either to retire or carry on with careers elsewhere with no intent to return – as residents – to the UK. 

 

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