Cross-border pension schemes | Practical Law

Cross-border pension schemes | Practical Law

This practice note looks at the regulatory framework that applies in the UK to pension schemes that operate cross-border.

Cross-border pension schemes

Practical Law UK Practice Note 9-206-1087 (Approx. 26 pages)

Cross-border pension schemes

by Anne Latrémolière, Baker & McKenzie LLP
Law stated as at 31 Dec 2020 • European Union
This practice note looks at the regulatory framework that applies in the UK to pension schemes that operate cross-border.
It explains when the cross-border regime applies, the difference between a seconded worker and a qualified person for these purposes, the application process and the obligations imposed on cross-border schemes.
This resource is no longer being maintained. The UK left the EU on 31 January 2020 and a post-Brexit transition period, during which the UK was treated for most purposes as if it were still an EU member state, came to an end at 11.00pm on 31 December 2020. The Occupational Pension Schemes (Cross-border Activities) Regulations 2005 (SI 2005/3381) were revoked at the end of the transition period, at which point the UK authorisation and approval regime for cross-border pension schemes ceased to apply.