Kate is a partner in the pensions team at CMS, where she has worked since 1995. She specialises in advising companies and trustees on the formation, operation and winding up of pension schemes, as well as scheme mergers, complex benefit changes, incentive exercises, asset-backed funding arrangements and the pensions aspects of corporate transactions. She is also experienced in investment matters and in 2013 was involved in advising in relation to a multi-billion-pound longevity swap arrangement for the trustee of the BAE Systems 2000 Pension Plan.
This Practice Note looks at the legal issues raised when seeking to amend/alter/modify a pension scheme’s power of amendment. It also looks at the circumstances in which it may or may not be possible to make retrospective changes to a pension scheme’s trust deed and rules.
This Practice Note focuses on flexible apportionment arrangements (FAA) and in particular the requirements prescribed by the Occupational Pension Schemes (Employer Debt) Regulations 2005 SI 2005/678, reg 6E. This note also considers timing issues relating to flexible apportionments, the funding test to satisfy, ways in which flexible apportionments differ from scheme apportionments and issues relating to scheme rules, trustee costs, notifiable events and clearance.
This Practice Note focuses on the group restructuring exemptions provided by the Occupational Pension Schemes (Employer Debt) Regulations 2005, SI 2005/678, regs 6ZA to 6ZD. namely the general easement and the de minimis easement. In particular, this note looks at the steps to follow for such easements to apply, the liabilities to be taken into account, the six-year look back period and issues relating to trustee costs.
This Practice Note looks at the different types of restrictions under an occupational pension scheme's power of amendment which may impact upon the ability of trustees and sponsoring employers to make changes to the scheme's trust deed and/or rules. It considers the common type of restrictions and the impact of scheme wind up on the power of amendment.
This Practice Note considers the employer debt/section 75 debt regimes that were in force prior to 6 April 2008, including under the Occupational Pension Schemes (Employer Debt) Regulations 2005, the Occupational Pension Schemes (Deficiency on Winding Up etc) Regulations 1996, the Occupational Pension Schemes (Deficiency on Winding Up etc) Regulations 1994 and the Occupational Pension Schemes (Deficiency on Winding Up etc) Regulations 1992.
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