by Gail Higgins | Nov 30, 2023 | Uncategorized
Following a dearth of pensions-related developments in the King’s Speech, we were treated to rather more of interest in the Chancellor’s Autumn Statement. Pensions-related news included the following. Defined benefit (DB) surpluses There are, currently, limited...
by Gail Higgins | Nov 10, 2023 | Uncategorized
In mixed news for the defined benefit pensions consolidation market: Clara Pensions (the only consolidator yet to be authorised by the Pensions Regulator) has announced its first deal – with the £590 million Sears Retail Scheme, while Edmund Truell’s Pension Superfund...
by Gail Higgins | Oct 13, 2023 | Uncategorized
After 31 December 2023, retained EU law – including case law – will cease to have effect in domestic law unless restated explicitly. One area affected is that of equality. Draft regulations have been laid before Parliament which set out equality provisions applying...
by Gail Higgins | Oct 6, 2023 | Uncategorized
After 31 December 2023, retained EU law – including case law – will cease to have effect in domestic law unless restated explicitly. This affects the Pension Protection Fund (PPF) because the rules governing the compensation that it pays have been amended in recent...
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...
