Investment

View Pensions by content type:

News

Practice notes

Precedents

Q&As

Latest Pensions News

Pensions shortfall due to GMP equalisation after court ruling on past DB transfers 'to cost plans £1.5bn'

The following Pensions news provides comprehensive and up to date legal information on Pensions shortfall due to GMP equalisation after court ruling on past DB transfers 'to cost plans £1.5bn'

Financial fraud could be included in UK’s Online Safety Bill, minister says

The following Financial Services news provides comprehensive and up to date legal information on Financial fraud could be included in UK’s Online Safety Bill, minister says

Pensions weekly highlights—22 April 2021

The following Pensions news provides comprehensive and up to date legal information on Pensions weekly highlights—22 April 2021

Pensions sector calls for clarity on watchdog’s new powers

The following Corporate Crime news provides comprehensive and up to date legal information on Pensions sector calls for clarity on watchdog’s new powers

Featured Pensions content

Retirement Annuity Contracts (RAC)—older types of personal pension schemes

Personal pension schemes—central role in private pensions sectorPersonal pension schemes, in their various forms, play a central and important role in...

Retirement schemes for executives—UURBS, FURBS and EFRBS

Just as executives tend to enjoy better salary packages than the ordinary workforce, so is it often the case that they receive better pension...

Auto-enrolment—the transitional period for DB and hybrid schemes [Archived]

ARCHIVED. This Practice Note has been archived and is not maintained.As well as the option to postpone auto-enrolment, employers which operate defined...

The pre A-day pensions tax regime

The pensions tax regime under the Finance Act 2004 came into effect on 6 April 2006, otherwise known as A-day. The pre A-day regime may still be of...

Practice notes

What does ‘contracting-out’ mean for pension lawyers?

Interaction with the additional State pensionBefore 6 April 2016, there were two levels of State pension provision:•the basic State pension—this was a...

9th Nov

Practice notes

Pension attachment orders

The power to make pension attachment orders (previously referred to as earmarking orders) arises from the insertion of sections 25B–25D of the...

Produced in partnership with Rebecca Dziobon of Penningtons Manches Cooper 12th Jan

Practice notes

The Electricity Supply Pension Scheme

The Electricity Supply Pension Scheme (‘ESPS’) is a trust-based scheme established by the Electricity Council by a resolution dated 20 January 1983 as...

Produced in partnership with Gary Delderfield of Eversheds Sutherland 12th Jan

Practice notes

Pension bulk transfers—beginners’ guide

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law.THIS PRACTICE NOTE...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Practice notes

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...

9th Nov

Brexit

Practice notes

Bridging pensions

Bridging pensions—backgroundBridging pensions are a form of pension provided by some (but not all) defined benefit occupational pension schemes in...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Practice notes

Beddoe applications

When trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe application is the best...

Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Adele Isaacs of Bankside Chambers 12th Jan

Practice notes

How to deal with Beckmann liabilities on a business sale

THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESThis Practice Note applies to business sales which are subject to the Transfer...

Produced in partnership with Ginevra Gatrell of gunnercooke LLP 12th Jan

Precedents

Execution clause—company—deed

Option 1—deed executed by a company under its common seal (model articles, where the authorised signatory is an...

9th Nov

In-house

Practice notes

How to deal with a section 75 debt—an introduction

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESThis Practice Note looks at the alternative methods available to...

9th Nov

Practice notes

Personal pension schemes—disclosure requirements before 6 April 2014 [Archived]

THIS PRACTICE NOTE APPLIES TO PERSONAL PENSION SCHEMES This Practice Note looks at the disclosure requirements that were applicable to trustees (or...

9th Nov

Practice notes

Calculating pension loss in employment tribunal claims

Pension loss will generally only arise in cases where an individual has lost their job and the pension provision that went with that job. An...

Produced in partnership with Keith Bryant QC of Outer Temple Chambers. 12th Jan

Precedents

Deed of substitution

Date: [insert date](1)[Name of Former Principal Employer](2)[Names of Trustees](3)[Name of the New Principal Employer]Deed of Substitution of...

Produced in partnership with Blake Morgan LLP 12th Jan

Precedents

Month definition

Month means a calendar month; Close This is a suggested definition for the term 'month', which...

9th Nov

Practice notes

Anti-franking

The conceptIt used to be the case that contracted-out salary-related (COSR) schemes could revalue a deferred member's guaranteed minimum pension (GMP)...

Produced in partnership with Peter White 12th Jan

Precedents

The employment contract—sample pensions clauses

The following pension clauses set out the pensions information to be included in an employment contract, depending on the type of...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Most recent Investment content

Practice notes

UK EMIR, derivatives and pensions

This Practice Note looks at the European Market Infrastructure Regulation (EMIR), Retained Regulation (EU) 648/2012 (UK EMIR) as it applies in the UK...

Produced in partnership with Jason Brooks and Jason Harding of CMS 22nd Apr

Q&As

Can a scheme member request that the trustees divest from fossil fuel investments?

Since 1 October 2019, trustees of occupational pension schemes are required to state in their statement of investment principles their policy on the...

14th Apr

Practice notes

EMIR—essentials

In each section of this Practice Note, links are given to the relevant provisions of EU and/or UK legislation, as applicable, and significant...

14th Apr

Practice notes

Statement of investment principles (SIP)

CORONAVIRUS (COVID-19) UPDATE: The market volatility caused by coronavirus led to an increase in DB scheme deficits (see News Analysis: Coronavirus...

Produced in partnership with Nick Stones of Pinsent Masons 13th Apr

Practice notes

ESG issues in pensions—an introduction

STOP PRESS 1: On 27 January 2021, the DWP published the final version of the Pensions Climate Risk Industry Group’s (PCRIG) non-statutory guidance for...

13th Apr

Practice notes

Investment powers and duties of pension trustees

CORONAVIRUS (COVID-19) UPDATE: The market volatility caused by coronavirus has led to an increase in DB scheme deficits (see News Analysis:...

9th Apr

Practice notes

ESG, climate change and stewardship issues in pensions—what do trustees need to do?

STOP PRESS: The Pensions Regulator (TPR) has published its new climate change strategy calling on trustees of occupational pension schemes to act now...

Produced in partnership with Mark Latimour and Harriet Sayer of Eversheds Sutherland 9th Apr

Practice notes

De-risking—pension buy-outs and buy-ins

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESThe increase in the number of underfunded defined benefit occupational...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

Investment management agreements—trustee considerations

The management of assets belonging to another person on a discretionary basis is a 'regulated activity' overseen by the Financial Conduct Authority...

Produced in partnership with Martin Scott of gunnercooke LLP 9th Apr

Practice notes

Longevity swaps

FORTHCOMING DEVELOPMENT: On 25 November 2020 the government and the UK Statistics Authority (UKSA) published their response to their consultation on...

Produced in partnership with India Trusselle and Stephen Walsh of Mayer Brown and Stephen Woods of Pinsent Masons 9th Apr

Practice notes

Fiduciary management for pension schemes

This Practice Note looks at the nature of fiduciary management services for occupational pension schemes, including (among other things) the different...

Produced in partnership with Georgina Davies of LCP 9th Apr

Practice notes

Employer-related investments

THIS PRACTICE NOTE APPLIES TO REGISTERED OCCUPATIONAL PENSION SCHEMESAs a general rule, subject to the specific governing provisions of their trust...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

The meaning of ‘connected’ and ‘associate’ in pensions

Use of terms ‘connected’ and ‘associate’ in pensionsAlthough originally defined for use under the insolvency/bankruptcy framework as set out under the...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

Types of pension scheme investment

THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMESMain types of pension scheme investmentThe main asset classes in which occupational pension...

Produced in partnership with Mark Smith and Ian Malone of Taylor Wessing 9th Apr

Practice notes

Appointing investment consultants and fiduciary managers—the pensions requirements

In the course of running an occupational pension scheme, scheme trustees may choose to appoint an investment consultant and/or a fiduciary manager....

7th Apr

Precedents

Statement of investment principles (SIP) for defined contribution (DC) pension scheme

THE [insert name of pension scheme] PENSION SCHEMEThis statement of investment principles is effective from [insert date].1Statement of investment...

Produced in partnership with Martin Scott of Gunnercooke LLP 31st Mar

Precedents

Statement of investment principles (SIP) for defined benefit (DB) pension scheme

THE [insert name of pension scheme] PENSION SCHEMEThis statement of investment principles is effective from [insert date].1Statement of investment...

Produced in partnership with Martin Scott of Gunnercooke LLP 31st Mar

Practice notes

Environmental social governance—the investment market

Brexit impact11 pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal...

Produced in partnership with Tim Clare of Anthesis 31st Mar

Practice notes