Background Mr McKavney was a protected person under the Electricity (Protected Persons) (England and Wales) Pension Regulations 1990 (the EPP Regulations) and was originally employed by Magnox Electric Ltd. In 2005, his employment transferred from Magnox to Serco under TUPE.
More about TUPE Transfers are not retirement: High Court clarifies early pension triggersFor an overview of the new legislation, click here for our Bulletin on IHT and Pensions published 19/3/2026 and here for our Pension Schemes Act 2026 Bulletin published 29/4/2026. This present article looks in more detail at what lies ahead
More about Legislation blockbusters – an overviewTimescale for making Regulations: An Act of Parliament such as the PSA 2026 is scrutinised as it passes through its Parliamentary Stages in the House of Commons and House of Lords. In contrast, Regulations are made by, in effect, the
More about Pension Schemes Act 2026 – what’s in force and what’s coming up?Big picture Prior to 6 April 2027, the unused pension pots and death benefits of registered pension scheme members usually escape IHT where the scheme trustees have discretion over choice of the pension beneficiaries. The bad news is that, even
More about Inheritance Tax on Pension death benefits – understanding the new IHT regimeLike a Spring garden, pension developments are growing apace: the Pension Schemes Bill is moving rapidly through Parliament and Royal Assent may be in March /April. Many of the provisions (but not all, see our Virgin Media article below) will
More about Pensions Compass – February 2026Key Points The Pension Schemes Bill (2025) is the legislative vehicle for the Virgin Media remediation provisions, which will take effect immediately on Royal Assent. The Bill introduces a statutory process enabling trustees to retrospectively validate historic amendments that may
More about Part 1 – Virgin Media: an updateAs employment practices evolve, landed estates may benefit from reconsidering their approach to funding retirement accommodation, and instead pay enhanced contributions into their employees’ pension schemes. This alternative may offer the opportunity for superior investment returns and tax efficiencies compared
More about Part 2 – Should landed estates opt for enhanced employer contributions?Background The Scheme’s liabilities were secured by way of a buy-in policy. The policy was then reinsured back‑to‑back with a captive reinsurer within the employer group under the ‘PenCap II’ structure, with a fronting insurer interposed between the trustee and
More about Part 3 – Buy ins, buy outs and surplus – lessons from Coca ColaKey Points The final guidance deadlines for pensions dashboards are fast approaching, with all UK occupational and personal pension schemes of 100+ relevant members required to connect by 31 October 2026. Failure to connect can result in significant regulatory fines.
More about Part 4 – Pensions Dashboards: a dash to the finishing line?Inheritance Tax And Certain Pension Benefits First and foremost, Inheritance Tax (IHT) – where are we now? The proposed new IHT legislation in Finance (No 2) Bill published on 4 December 2025 is making its way in Parliament. It is
More about Part 5 – Tax roundup