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Bulletins
Are you ready for next month’s auto-enrolment change?
Auto-enrolment has been hugely successful at encouraging increased numbers of people to save towards their retirement. Part of the transitional arrangements which were integral to auto-enrolment were the stepped contribution… Read more →
News
British Airways: Court of Appeal defines the proper purpose of an occupational pension scheme and narrows the role of pension scheme trustees
British Airways (“BA“) has successfully appealed against the BA pension scheme Trustees’ award of pensions increases. The Court of Appeal reversed the High Court decision in favour of the Trustees… Read more →
News
Pensions ombudsman determination: Northumbria police authority failed to meet anti-fraud duties relating to transfer out
Summary This determination involved Mr “N” who transferred his pension pot from the Police Pension Scheme (“PPS“) to the London Quantum Scheme (“LQS“) in 2014. (Note that LQS is not… Read more →
Bulletins
THE PENSIONS REGULATOR INVESTIGATES RECRUITMENT FIRM, WORKCHAIN LTD, IMPERSONATING ITS STAFF TO OPT-OUT OF AUTO-ENROLMENT
A recent investigation by TPR has found managers and directors at Workchain Ltd, a national recruitment company based in the Midlands, impersonating staff by opting them out of the auto-enrolment… Read more →
News
“What is the purpose of a pension scheme?” – Clive Weber comments for Professional Pensions
Partner in our Pensions & Employee Benefits team, Clive Weber, has had his comments published by Professional Pensions in relation to British Airways’ pension scheme dispute. On the issue, Clive… Read more →
Bulletins
Automatic Enrolment – “Automatic” fines! Employer pays £42,000 to TPR after failing to comply with its automatic enrolment obligations
The Pensions Regulator (“TPR”) has recently published a report in relation to the failure of Johnsons Shoes Company (“Johnsons”) to comply with its automatic enrolment obligations as an employer. Johnsons’… Read more →
Bulletins
Pension liberation – High Court confirms scheme trustees not exonerated under the scheme rules
The High Court judgment in Dalriada Trustees Limited v Mcauley and others (18 January 2017) concerns trustees’ investment duties when making “liberation” investments. The judgment is a clear warning to… Read more →
Bulletins
Parliamentary Select Committee enquiry into defined benefit pension schemes: Show-stopper or damp-squib?
Introduction Not content with its Report on the BHS Scheme (issued on the 20 July 2016) the Parliamentary Select Committee (the Committee) announced on 8 August 2016 a wide ranging… Read more →
Bulletins
Pensions liberation: has the High Court opened the floodgates for fraudsters to exploit both individuals, and flaws within the system?
The High Court has overturned a decision of the Pensions Ombudsman which supported Royal London’s decision not to transfer a member’s benefits to another pension arrangement due to pensions liberation… Read more →
Bulletins
This miscellany of proposed changes from April 2016 is a can of worms…
“Miscellaneous” amendment regulations are often tidying up exercises and of no great consequence. However the DWP’s recent consultation on its proposed Miscellaneous Amendments Regulations 2016 are a different kettle of… Read more →
Bulletins
A novel approach to putting right problems with a scheme’s governing documentation – just a one-off, or the start of a trend?
Problems with pension scheme documentation are sadly all-too-common these days. The precise meaning of decade-old provisions is one perennial headache for schemes and their trustees; blatant drafting errors, that give… Read more →