Insolvency and winding up

Insolvency and winding up guidance:

What is a contingent asset? A contingent asset is an asset that will generate cash for the pension scheme if certain specified (ie contingent) events occur (eg a...

Practice Note

THIS PRACTICE NOTE RELATES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES One of the most controversial issues that can arise in relation to a defined benefit...

Practice Note

THIS PRACTICE NOTE APPLIES TO REGISTERED OCCUPATIONAL PENSION SCHEMES IN WIND-UP (EXCEPT THOSE ENTERING THE PENSION PROTECTION FUND) A key aspect of the...

Practice Note

When pension contributions are recoverable This practice note addresses two questions: • whether a bankrupt’s pension arrangement falls within the bankruptcy estate and •...

Practice Note

The position of a personal pension on bankruptcy A bankrupt’s estate automatically vests in the official receiver (or an insolvency practitioner if instead appointed at...

Practice Note

The implications of Lehmans/Nortel cases The Supreme Court decision in the case of Nortel/Lehman has clarified the status of Financial Support Directions (FSDs) issued...

Practice Note

This note considers the implications of the Bonas case for those concerned with pre-pack administrations. The case was brought by the Pensions Regulator under section 38...

Practice Note

What is the Local Government Pension Scheme? The main pension scheme for local authorities is the Local Government Pension Scheme (LGPS). The LGPS is a statutory, public...

Practice Note

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMES A payment to the sponsoring employer(s) of a pension scheme...

Practice Note

This Practice Note examines the issues that can arise when the sponsoring employer(s) of a pension scheme is the subject of a ‘pre-packaged administration’ (also known as...

Practice Note

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

Practice Note

This Practice Note focuses on the practical issues arising on the winding-up of defined benefit (DB) pension schemes. In circumstances where a scheme...

Practice Note

Criteria for eligibility for the Financial Assistance Scheme The Financial Assistance Scheme (FAS) closed to Notification and Qualification of new schemes...

Practice Note

THIS PRACTICE NOTE APPLIES TO SCHEMES ENTERING THE FINANCIAL ASSISTANCE SCHEME FROM 1 JANUARY 2012. Where a scheme, its employer(s) and individual members have satisfied...

Practice Note

STOP PRESS: The Pension Protection Fund (PPF) has published the latest in its series of insolvency guidance notes. Guidance Note 8, ‘Situations involving new or successor...

Practice Note

What is an assessment period? When a qualifying insolvency event occurs in relation to a sponsoring employer of an eligible scheme, the scheme will enter a Pension...

Practice Note