- Ministry of Justice responds to consultation on a reformed judicial pension scheme
- What is the background to the MoJ’s response to the consultation on a reformed judicial pension scheme?
- What are the key reforms being taken forward in the consultation response? Is there anything missing from the reforms and do they go far enough?
- What impact do the reforms have on scheme members and employers? Are there any particular challenges arising?
- What is the timetable for implementation of the changes and what are the next steps? Are there any issues that should be tackled now?
Pensions news analysis: The Ministry of Justice (MoJ) has published the outcome of a consultation it held into reforming the judicial pension scheme due to difficulties in recruitment and retention of judicial office holders following the judicial pensions reforms of 2013. While one of the key features of the proposed new scheme is that it will be unregistered, it will not be a complete return to the provisions of the former judicial pension schemes. However, the majority of responses thought that the proposed reforms would help to address recruitment and retention issues. The intention is that the new scheme will be established with effect from 1 April 2022. Elizabeth Ovey, barrister at Radcliffe Chambers, explains the background to the consultation and what the key reforms are, alongside their likely impact.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial