The last time there were significant surpluses in UK occupational pension schemes was in the 1990s. These are now back in vogue following the boost to the funding levels of many defined benefit schemes over the last 18 months –
More about Part 1 – The ghost of Christmas past – Pension scheme surplus makes a returnOn 22 November 2023, the Chancellor delivered his Autumn Statement, which provided key developments to the Mansion House Reforms that were announced on 10th July – click here for our article in Part 4 of October 2023 Pensions Compass. As
More about Part 2 – Good tidings? Unwrapping the Autumn StatementIn the ever-evolving landscape surrounding pension scheme overpayments, two recent decisions have shed light on crucial questions, bringing clarity to the intricate web of regulations and disputes surrounding overpayments. This article navigates through two recent cases, and focuses on the
More about Part 4 – Overpayment disputes before the pensions ombudsman (tpo)On 22 November, the Chancellor delivered his Autumn Statement, featuring significant pension reforms designed to “improve pension savers’ returns and boost growth in the UK”. These reforms will significantly impact both DB and DC schemes: The Chancellor announced a reduction
More about The Chancellor’s Autumn Statement 2023The Chancellor’s Autumn Statement on 22 November 2023 did not include any headline announcements for private clients, despite speculation in the weeks leading up to the speech that the Chancellor would take this opportunity to reduce the rates of inheritance
More about Autumn Statement 2023 – Private Client reactionCity law firm Wedlake Bell has bolstered its Employment team with the arrival of Stephen Ravenscroft, former Head of Employment at Memery Crystal, bringing the total number of partners in the team to three. Stephen is recognised as a leader
More about Wedlake Bell signifies growth ambitions with arrival of employment Partner, Stephen RavenscroftFollowing our Spring and Summer updates, we report below on the latest environmental, social and governance (“ESG”) developments from recent months. Client Earth v Shell: The latest developments [Key point: The judge rules that ClientEarth must pay Shell’s legal costs
More about Part 1 – Climate change updateWhilst the pensions industry watches its regulatory bodies and the Government closely for guidance, legislation and policy decisions, one must also keep an eye on decisions emanating from the UK courts. The summer of ’23 has seen a flurry of
More about Part 2 – A snapshot from the courts