by Gail Higgins | Sep 2, 2022 | Uncategorized
When trustees discover that they have made overpayments to one or more members, they have a duty to recover the overpaid amounts for the benefit of the trust. However, it can be difficult to seek repayment from pensioners, who are by definition the older members of...
by Gail Higgins | Aug 19, 2022 | Uncategorized
Summary The Pension Schemes Act 2021 requires defined benefit (DB) pension schemes to have a funding and investment strategy, for the purpose of ensuring that scheme benefits can be paid over the long term. They will also be required to report progress against their...
by Gail Higgins | May 27, 2022 | Uncategorized
Summary The Pensions Regulator has published its annual funding statement, providing guidance for those schemes whose actuarial valuation dates fall between 22 September 2021 and 21 September 2022 (“tranche 17”), although it should be of interest to other schemes as...
by Gail Higgins | Dec 17, 2021 | Uncategorized
Background The Pension Schemes Act 2021 gave new powers to the Pensions Regulator (TPR) to: bring criminal prosecutions, or impose fines of up to £1 million, for: avoiding an employer debt or for conduct that risks accrued benefits in a scheme or providing TPR with...
by Gail Higgins | Dec 3, 2021 | Uncategorized
Background The Pensions Act 2004 introduced a power for the Pensions Regulator (TPR) to issue a Contribution Notice (CN) in certain circumstances, requiring an employer (or a connected party) in relation to a defined benefit pension scheme to make a payment to the...
