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Natalie Mee

Senior Associate

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Natalie Mee is a senior associate in the Pensions Team.

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Education

  • 2010 – LL.B, College of Law, London
  • 2007 – BA Honours, University of Newcastle upon Tyne, Newcastle upon Tyne
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01/10/2021
Scheme Fund­ing
Trust­ees of DB pen­sion schemes must de­term­ine a form­al “fund­ing and in­vest­ment strategy” for provid­ing be­ne­fits over the long term and set this out in a chair’s state­ment to be sub­mit­ted to the Reg­u­lat­or. The chair’s state­ment needs to ex­plain the risks the strategy might pose to the scheme and how they will be mit­ig­ated; the trust­ees’ view of their suc­cess in im­ple­ment­ing the strategy; and trust­ee re­flec­tions on sig­ni­fic­ant past de­cisions and les­sons learned. The Reg­u­lat­or will be able to in­ter­vene and po­ten­tially dir­ect that the strategy be re­vised.Much of the de­tail trust­ees need will fol­low in reg­u­la­tions and a new Reg­u­lat­or Code of Prac­tice. The Reg­u­lat­or is wait­ing for the Gov­ern­ment con­sulta­tion on the draft DB fund­ing reg­u­la­tions to con­clude be­fore it pub­lishes its second con­sulta­tion on the draft Code of Prac­tice. The new Code of Prac­tice is not ex­pec­ted to be in place and op­er­a­tion­al un­til late 2022 “at the earli­est”.However, the Act does not in­clude any of the much talked about pro­posed amend­ments to this sec­tion – these would have re­quired, amongst oth­er things, that open schemes are treated dif­fer­ently to closed schemes or that con­tri­bu­tions re­main af­ford­able for mem­bers and em­ploy­ers.