Employers and pensions

Employers and pensions guidance:

Produced in partnership with Keith Bryant QC of Outer Temple Chambers. Pension loss will generally only arise in cases where an individual has lost their job and the...

Practice Note

What is a cash balance scheme? At its simplest level, a cash balance pension scheme is an arrangement by which the member builds up a guaranteed cash sum or amount during...

Practice Note

Employees’ pensions rights under an occupational pension scheme can be categorised as: • pension rights arising under the trusts of the relevant pension scheme, and •...

Practice Note

A Limited Liability Partnership (LLP) is a form of legal vehicle which is incorporated under the provisions of the Limited Liability Partnership Act 2000 (LLPA 2000). It...

Practice Note

FORTHCOMING DEVELOPMENT: On 16 October 2019, the government published a new Pension Schemes Bill that, among other things, would have provided a framework for the...

Practice Note

ARCHIVED: This archived Practice Note provides information on the legal framework which had been put in place for collective defined contribution (CDC)...

Practice Note

At the core of DB consolidation is the idea that scale matters, with the aim being to harness the benefits of scale within the occupational pension scheme regime to...

Practice Note

What is defined ambition? One of the key principles of defined ambition is the idea of ‘risk sharing’ in the sense that neither the employer nor the...

Practice Note

The charities sector in the UK is significant in size. There is a wide range of pension provision across the sector. Many charities are facing financial pressures as a...

Practice Note

What is disguised remuneration? HMRC has, for many years, sought to ensure that the rewards gained from employment are properly subject to income tax and National...

Practice Note

Automatic enrolment duties The auto-enrolment regime, established under Part 1 of the Pensions Act 2008 (PenA 2008), imposes three key enrolment duties on employers: • to...

Practice Note

FORTHCOMING DEVELOPMENT: On 11 February 2019 the DWP published its response to the consultation ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’...

Practice Note

The introduction of personal pensions in 1987 was heralded as offering new choices for self-employed and employed individuals. However, it soon became apparent that the...

Practice Note

This Practice Note has been archived. It looks at the further judgment of the High Court in the case of IBM v Dalgleish, handed down on 20 February 2015 (commonly known...

Practice Note

From 6 April 2017, the income tax and National Insurance contributions (NICs) advantages where benefits in kind are provided through salary sacrifice arrangements...

Practice Note

Investment-regulated pension schemes (IRPSs) are a particular category of registered pension schemes that are subject to additional controls on the asset classes that can...

Practice Note