by Gail Higgins | Nov 9, 2018 | Uncategorized
Background In 1978 the Government allowed final salary pension schemes to “contract out” of the State Earnings-related Pension Scheme (“SERPS”). This allowed employers and employees to pay lower National Insurance contributions in return for the employees not being...
by Gail Higgins | Sep 14, 2018 | Uncategorized
Following the White Paper the Department for Work & Pensions has consulted on new powers for the Pensions Regulator (“TPR”) and proposed changes to the Notifiable Events régime. Notifiable Events The Government proposes to add the following as new...
by Gail Higgins | Sep 7, 2018 | Uncategorized
In the case of Hampshire v the Board of the PPF, the European Court of Justice has ruled that the cap on PPF benefits is illegal if it reduces a member’s benefits by more than 50%. Background PPF compensation for members who have not reached their scheme’s...
by Gail Higgins | Aug 17, 2018 | Uncategorized
In a case relating to a transfer out of the Police Pension Scheme that turned out to be a scam, the Pensions Ombudsman has ordered the relevant police authority to reinstate the member in the Police Pension Scheme. Background Mr N was a member of the Police Pension...
by Gail Higgins | Aug 3, 2018 | Uncategorized
Summary The Government has consulted on amendments to trustees’ duties in relation to pension scheme investment. The consultation includes draft regulations that seek to introduce new requirements in relation to Statements of Investment Principles. Background...
by Gail Higgins | Jul 27, 2018 | Uncategorized
The Competition & Markets Authority (“CMA”) has published the provisional findings of its market investigation into investment consultancy. It has found some evidence of competition problems in relation to investment consultancy but has more serious...
