This Practice Note summarises a typical pension buy-in/buy-out process and then considers the content of the quotation and the policy terms and conditions, including benefits and alterations to benefits, payments and adjustments, data cleansing, scheme administration during the buy-in period, issuing personal policies at the buy-out stage, warranties and indemnities, trustee liability, cancellation and termination, and data protection.
This Practice Note looks at matters that trustees should consider in the recovery of a section 75 debt/employer debt/statutory debt, including the process for calculating and claiming a section 75 debt, its enforcement, how interest may be recovered on late payment, dealing with a shortfall in the recovery of the section 75 debt and the issue of statutory discharges for trustees when the debt is paid.
This Precedent is a template response to a letter before claim for use by a defendant in judicial review proceedings in the Administrative Court. It is based on the template letter in Annex B of the Pre-action Protocol for Judicial Review and includes supplementary drafting guidance for defendants.
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