by Gail Higgins | Jun 14, 2012 | Uncategorized
A working party of individuals from across the pensions industry, including representatives of the Department for Work and Pensions, has published a code to govern the way that pension incentive exercises are run. Such exercises may constitute the offer of enhanced...
by Gail Higgins | Jun 8, 2012 | Uncategorized
Summary The Consumer Prices Advisory Committee (CPAC) has recommended a change in the method of calculation of the RPI, to eliminate “unjustified causes” in the difference between Retail Price inflation and Consumer Price inflation (CPI). Any such change...
by Gail Higgins | Jun 1, 2012 | Uncategorized
Summary The case, in the High Court, of Procter & Gamble (P&G) v Svenska Cellulosa Aktiebolaget SCA (SCA) tested the extent to which early retirement benefits may be considered “old-age benefits” and, as such, exempt from the Transfer of...
by Gail Higgins | Jun 1, 2012 | Uncategorized
Summary The Pensions Regulator has issued a report detailing the key findings from its third record-keeping survey, conducted among a representative sample of trust and contract-based pension schemes. The main findings were: awareness of the regulator’s guidance...
by Gail Higgins | May 22, 2012 | Uncategorized
Summary UK pension schemes may be able to reclaim tax paid to the French tax authorities following a recent decision by the European Court of Justice (ECJ). Background The French authorities levy a withholding tax, of between 15% and 25%, on dividends paid to approved...
by Gail Higgins | May 11, 2012 | Uncategorized
State pension reform The Queen’s Speech outlined plans for legislation that will introduce a flat-rate state pension for new pensioners. The current state pension is £107.45 a week for those with a complete National Insurance record and can be increased to...
