TPR has published guidance to help trustees of occupational pension schemes to satisfy Government targets which expect key wind-up activities to be completed within a two year timeframe. The guidance focuses on common, complex areas that can delay the wind-up process and provides suggestions to help trustees meet the two-year deadline.

It should be borne in mind that the guidance is not intended to be a guide on how to wind up a pension scheme and does not cover all the activities involved. Instead, this information can be found on thetrustee tool kit modules on winding-up on TPR’s website.

In addition, TPR has made clear that the guidance is also relevant to trustees of live schemes, as it is good practice to ensure a scheme is well administered whilst ongoing, regardless of whether winding up is being considered.

View the guidance (141KB)(pdf).