News

Part 1 – Excepted Group Life Assurance Arrangements

By way of background, an Excepted Group Life Policy (“EGLP”)  is a death benefits arrangement that is not registered with HM Revenue & Customs (HMRC). It provides lump sum death… Read more →

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PART 2 – BANKRUPTCY AND OVERSEAS PENSION SCHEMES

Key points: Whilst the United Kingdom has left the EU, the case is notable for the following reasons: Firstly, the legislation requiring EU pension schemes to be tax approved by… Read more →

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PART 3 – TPR flexes its muscles: recent Regulatory Reports

The publication of two recent intervention reports, one in March 2022 and an update to another in May 2022, has ended a relatively quiet spell since the Pensions Regulator (“TPR”)… Read more →

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PART 4 – Escaping TPR Penalties: recent Tribunal decisions show high bar for employer success

Key Points 1. This is legal territory, so it is essential employers obtain good legal advice when putting together a case against the Pensions Regulator (“TPR“). Early communication with TPR… Read more →

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PART 5 – Is HMRC’s Tax Guidance on GMP equalisation Top-up Transfers and Conversion useful?

Key Points: The Guidance is useful, but must be read in context In particular, scheme trustees must consider their legal duties Introduction HMRC’s April 2022 Guidance on GMP equalisation is… Read more →

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Part 6 – Pensions Ready Reckoner

Clive Weber, Consultant, Pensions & Employee Benefits Team. Please contact Clive with any queries on this Ready Reckoner. PARLIAMENT Recent Legislation Effective Date Effect Finance Act 2022 6 April 2022… Read more →