Publish Your Chair's Statement and Statement of Investment Principles (SIP) for Public Member Access for Pension Schemes
The Pensions Regulator introduced a requirement that Trustees pension schemes need to publish online their Chair’s Statement and Statement of Investment Principles (SIP). The information needs to be publicly available for members to access.
The Department for Work & Pensions has published detailed guidance on these new requirements. The Chair’s Statement and SIPs must be provided on a website that meets certain requirements. We are able to satisfy all of these specific requirements which are:
Indexed
The website must be indexed for search engines
No Login
A person should not be required to login or provide any personal details
Easily Typed
The website link must be easily typed. The link must be published on member's Annual Benefit Statement
Accessible
The website should take adequate measures to be accessible for all members
Printable
The documents need to be printable and downloadable
Using our cost-effective service means you will not have to worry about any of these website technicalities. We will host, maintain and back up the website. As the website is offered as a stand-alone service, it removes any issues with hosting these documents on any sponsoring employer’s company website – including where there are several different schemes and/or sponsoring employers.
The service is available for an all in single fixed fee of £400+VAT. This will give you peace of mind that everything is being completed as required by The Pensions Regulator.
If trustees don’t produce a chair’s statement which is compliant with the law, then they may be fined by the Pensions Regulator.
Additionally, we are able to incorporate future additional requirements that may be imposed by the Pensions Regulator or the DWP.
If you would like to use our Chair Statements service or if you have any questions then please fill in your details on the Contact page.