by Gail Higgins | Sep 14, 2023 | Uncategorized
The Pensions Ombudsman has dismissed a complaint by a pensioner member, Mr S, concerning the Trustee’s decision to return a surplus of approximately £12m to Bristol Water on the winding up of the relevant section of the Water Companies Pension Scheme. The Rules...
by Gail Higgins | Aug 11, 2023 | Uncategorized
We note that several consultations and promised regulations appear to have gone cold. Among these: TPR’s General Code of Practice – combining 10 of the existing codes and introducing Effective Systems of Governance (“ESOG”) and Own-risk Assessments (“ORA”) was...
by Gail Higgins | Jul 21, 2023 | Uncategorized
In a speech at Mansion House on 10 July, the Chancellor Jeremy Hunt set out a comprehensive set of initiatives intended to boost pension savings and investment in British businesses. He said the ‘Mansion House Reforms’ could increase the average savers’...
by Gail Higgins | Jul 7, 2023 | Uncategorized
In June, the DWP published a review of the Conditions for Transfers Regulations 2021, 18 months after they came into force. They have concluded that the overall objective of reducing scam activity is being achieved, although some of the provisions within the...
by Gail Higgins | Jun 30, 2023 | Uncategorized
The High Court has ruled, in a case involving Virgin Media and the NTL Pension Plan, that changes to certain rules of contracted-out schemes are invalid – and so void – if the amendment does not include the required actuarial confirmation (“section 37 confirmation”)....
