A lot has happened since 26 June 2017. We’ve had Wimbledon, summer holidays, a total solar eclipse, Leeds and Reading Festivals, the summer transfer window closed (football, not pensions), the start of the autumn term at school, the World Black Pudding Throwing Championships, Proms in the Park and we are now nearly into half term. By contrast, little seems to have happened in terms of pension plans gearing up for the latest money laundering regulations which came into force on that date.
There is a lot to think about. Not least, that failure to comply carries criminal sanctions and could result in trustees being sentenced to 2 years in prison (worst case scenario).
Read on for our ten step compliance plan for trustees of UK occupational pension plans.