Employers and pensions

Employers and pensions guidance:

Produced in partnership with Jenny Wheater of Duane Morris LLP [insert date of letter] This document summarises certain changes to the contractual terms and conditions of...

Precedents

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: After a first failed attempt to introduce a CDC framework (through the Pension Schemes Bill 2019), the Pension Schemes Bill 2020 was reintroduced...

Practice Note

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

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

Produced in partnership with John Hamilton of Blake Morgan Date: [insert date] (1)[Name of Principal Company] (2)[Names of Trustees] (3)[Name of New Employer] Deed of...

Precedents

Produced in partnership with John Hamilton of Blake Morgan Date: [insert date] (1)[Name of Former Principal Employer] (2)[Names of Trustees] (3)[Name of the New Principal...

Precedents

ARCHIVED: This archived Practice Note provides information on the legal framework which had been put in place under the Pension Schemes Act 2015 to enable the creation of...

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

Produced in partnership with Lewin Higgins-Green of Macfarlanes LLP HMRC Non-Statutory Clearance Team S0563 Saxon House 1 Causeway Lane Leicester LE1 4AA [insert date of...

Precedents

What is a hybrid pension scheme? At present, the majority of pensions legislation defines types of occupational pension scheme in the UK on a binary basis by reference to...

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

FORTHCOMING CHANGE: Following consultation, on 11 February 2020, the government announced certain changes to the national minimum wage (NMW) rules, including amendments...

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

Produced in partnership with Lewin Higgins-Green of Macfarlanes LLP [Insert name and address of employee] [For use only where the employee is foregoing salary for the...

Precedents

Produced in partnership with Jenny Wheater of Duane Morris LLP [insert date of letter] To: [insert name of employee] From: [insert name of person in charge of salary...

Precedents

Produced in partnership with Jenny Wheater of Duane Morris LLP [For use only where the employee is foregoing salary for the following benefits that retain Tax and/or NIC...

Precedents

This Practice Note is a general introduction to master trust schemes, covering among other things the advantages of using such pension schemes, their typical structure...

Practice Note