by Gail Higgins | Aug 7, 2020 | Uncategorized
Her Majesty’s Revenue & Customs (“HMRC”) has published guidance regarding the tax treatment of additional benefits granted to pension scheme members when schemes equalise for the effect of unequal (between men and women) Guaranteed Minimum Pensions (“GMP”). The...
by Gail Higgins | Jul 23, 2020 | Uncategorized
This Act includes measures intended to provide relief to companies impacted by Covid-19. However, its application is wider and trustees of defined benefit (DB) pension schemes should understand the potential impact on their scheme. Company moratorium Companies will...
by Gail Higgins | Jul 9, 2020 | Uncategorized
Summary The Pensions Regulator (“TPR”) has issued guidance in relation to defined benefit consolidation vehicles, including so-called “superfunds”, that enable employers sponsoring DB pension schemes to sever their link to the scheme in return for a capital sum. The...
by Gail Higgins | Jun 25, 2020 | Uncategorized
Summary The Pensions Regulator (“TPR”) has updated its guidance for trustees and employers in situations where the employer needs to request a suspension or reduction of deficit-reduction contributions (“DRCs”). Trustees should treat requests to suspend or reduce...
by Gail Higgins | May 14, 2020 | Uncategorized
Summary The Pensions Regulator has published its annual funding statement, providing guidance for those schemes whose actuarial valuation dates fall between 22 September 2019 and 21 September 2020, although it should be of interest to other schemes as well. TPR...
