Pensions Compass

Part 1 – Defined Benefit (DB) Surplus – UK Government plans major changes to trapped surplus regime

On 28 January 2025, the UK Government announced proposed legislative changes aimed at unlocking scheme surpluses. The changes are aimed at allowing employers to access surplus funds ‘trapped’ within schemes… Read more →

Pensions Compass

Part 2 – High Court Decision – IHT mistake allowed for trust rescission

Background In 2005, Janus Henderson, the asset management group (formerly the Henderson Group) established an employee benefit trust to benefit employees and their families, and an employer-financed retirement benefit scheme… Read more →

Pensions Compass

Part 3 – Pick of the Pensions Ombudsman’s Decisions

The Pensions Ombudsman (“TPO”) has recently issued two noteworthy determinations with important implications for pension schemes and their members: (i) Mr H v Olivetti UK Limited Pension and Life Assurance… Read more →

Pensions Compass

Part 4 – High Court Approves Scheme Merger Diluting Surplus

On 3rd February 2025 the High Court approved the merger of the Arcadia Executive Scheme (“Executive Scheme”) with the Arcadia Staff Scheme (“Staff Scheme”). Key Point: The case revolves around… Read more →

Pensions Compass

Part 5 – Pensions Ready Reckoner April 2025

PARLIAMENT Effective Date Effect Bills (and Acts not yet in force)   Data (Use and Access) Bill Expected to be enacted by 5 April 2025   Intended to harness data… Read more →