Pensions Compass July 2020
Part 1 – Corporate Insolvency – emergency legislation – Pension deficits relegated ?
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) became law on the 25th June 2020. The aim of the Act is to assist the survival of companies in… Read more →
PART 2 – FURLOUGH – DO YOU UNDERSTAND THE IMPACT ON YOUR PENSION ARRANGEMENTS? IT’S NOT TOO LATE TO FIX ANY PROBLEMS!
There is no doubt that the world has changed dramatically in the last few months and many employers have had to react quickly to save their businesses. For many this… Read more →
Part 3 – Employee Rights to Receiving Adequate Pensions Information Bolstered by the Pensions Ombudsman
An Employer was found liable for negligent misstatement and in failing in its duty of care by the Pensions Ombudsman (“TPO”) decisions in Mr H (PO-15168) and Mr N (PO-15171)… Read more →
Part 4 – Problems with Self-Invested Personal Pensions: SIPPing from a poisoned chalice?
A series of recent cases in the Upper Tribunal, the High Court and from the Financial Ombudsman Service have highlighted some potential concerns for members and providers of self-invested personal… Read more →
Part 5 – COVID – 19 and death benefits – A case study
Many cases will be straightforward – lump sum benefits are usually paid to spouses or children of the deceased in accordance with up to date expression of wish forms. In… Read more →
Ready Reckoner – July 2020
PARLIAMENT Recent Legislation Date Effect Corporate Insolvency & Governance Act 2020 25/6/2020 Attempt to provide lifeline to struggling companies. Measures include suspending enforcement of certain debts, introduction to the UK… Read more →