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Latest Pensions News

Pension schemes seek judicial review over government’s price index changes

Pension schemes seek judicial review over government’s price index changes

The following Pensions news provides comprehensive and up to date legal information on Pension schemes seek judicial review over government’s price index changes

Pension fraud suspect pleads guilty in £14m criminal case

Pension fraud suspect pleads guilty in £14m criminal case

The following Pensions news provides comprehensive and up to date legal information on Pension fraud suspect pleads guilty in £14m criminal case

Pensions Regulator’s consultation on a new single code of practice—goodbye ‘tick box’ governance?

Pensions Regulator’s consultation on a new single code of practice—goodbye ‘tick box’ governance?

The following Pensions news provides comprehensive and up to date legal information on Pensions Regulator’s consultation on a new single code of practice—goodbye ‘tick box’ governance?

Pensions weekly highlights—8 April 2021

Pensions weekly highlights—8 April 2021

The following Pensions news provides comprehensive and up to date legal information on Pensions weekly highlights—8 April 2021

Featured Pensions content

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

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

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]

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 This Practice Note has been archived and is not maintained.As well as the option to postpone auto-enrolment, employers which operate defined...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 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...
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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...
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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...
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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...
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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...
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9th Nov
tag iconBrexit
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...
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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...
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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...
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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...
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9th Nov
tag iconIn-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...
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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...
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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...
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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...
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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...
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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)...
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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...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Most recent Insolvency and winding up content

Practice notes

Part 26 A restructuring plan: pension issues

Section 7 of and Schedule 9 to the Corporate Insolvency and Governance Act 2020 (CIGA 2020) introduce a new Part 26A of the Companies Act 2006 (CA...
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13th Apr
Practice notes

How pensions affect pre-packs—the implications of the Bonas case

This note considers the implications of the Bonas case for those concerned with pre-pack administrations. The case was brought by the Pensions...
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Produced in partnership with Raquel Agnello QC of Erskine Chambers 9th Apr
Practice notes

Insolvency in the education sector and the Local Government Pension Scheme

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...
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Produced in partnership with Laura Sayer of Mills & Reeve LLP 9th Apr
tag iconIn-house
Practice notes

Winding up a defined benefit (DB) occupational pension scheme

THIS CHECKLIST APPLIES TO DEFINED BENEFIT (DB) OCCUPATIONAL PENSION SCHEMESEmployers may often plan to wind up their company's DB pension scheme as...
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9th Apr
Practice notes

Winding up an occupational pension scheme—the Pensions Regulator’s powers

The Pensions Regulator has a number of powers under the Pensions Act 1995 (PA 1995) in relation to the winding up of occupational pension schemes....
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr
Practice notes

Discharge for trustees on pension scheme wind-up

THIS PRACTICE NOTE APPLIES TO REGISTERED OCCUPATIONAL PENSION SCHEMES IN WIND-UP (EXCEPT THOSE ENTERING THE PENSION PROTECTION FUND)A key aspect of...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr
Practice notes

The Pensions Regulator’s winding-up powers—in practice

THIS PRACTICE NOTE ONLY APPLIES TO OCCUPATIONAL PENSION SCHEMESThis Practice Note looks at examples of:•where the Pensions Regulator (the Regulator)...
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9th Apr
Practice notes

Payment of surplus to the employer—pension schemes in winding-up

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMESA payment to the sponsoring employer(s) of a pension scheme...
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Produced in partnership with Squire Patton Boggs and Catherine Lonergan of Eversheds Sutherland (International) LLP 9th Apr
Practice notes

Practical issues on the winding-up of a defined benefit (DB) scheme

This Practice Note focuses on the practical issues arising on the winding-up of defined benefit (DB) pension schemes.In circumstances where a scheme...
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Produced in partnership with Barry Gibb of Hill Dickinson LLP 9th Apr
Practice notes

Winding-up an occupational pension scheme—statutory disclosure before 6 April 2014, reporting and record-keeping requirements [Archived]

THIS PRACTICE NOTE APPLIES ONLY TO OCCUPATIONAL PENSION SCHEMESDisclosure requirements applicable to a winding-up schemeWhen a scheme begins...
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9th Apr
Practice notes

Winding-up an occupational pension scheme—statutory disclosure from 6 April 2014, reporting and record-keeping requirements

THIS PRACTICE NOTE APPLIES ONLY TO OCCUPATIONAL PENSION SCHEMESDisclosure requirements applicable to a winding-up schemeWhen a scheme begins...
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9th Apr
Practice notes

Defined benefit (DB) pension schemes—who owns the surplus?

THIS PRACTICE NOTE RELATES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESOne of the most controversial issues that can arise in relation to a defined...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr
Practice notes

Winding up an occupational pension scheme—the statutory priority order

THIS PRACTICE NOTE APPLIES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESWhen an underfunded defined benefit occupational pension scheme winds up,...
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9th Apr
Practice notes

What happens to a pension scheme on a company’s insolvency?

This Practice Note considers the effect of a company’s insolvency on an occupational pension scheme in respect of which the company is the sponsoring...
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Produced in partnership with Thomas Robinson of Wilberforce Chambers 8th Apr
Practice notes

Corporate Insolvency and Governance Act 2020—the pensions implications

Key provisions of the ActOn 25 June 2020, after less than 40 days in Parliament, the Corporate Insolvency and Governance Act 2020 (CIGA 2020) received...
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8th Apr
tag iconCOVID-19
Practice notes

Pension issues on a pre-pack

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...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 7th Apr
Practice notes

Pensions and insolvency—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 beginners’...
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Produced in partnership with Wyn Derbyshire of gunnercooke LLP 7th Apr
Practice notes

How are Contribution Notices and Financial Support Directions treated under the priority order of payments in insolvency?

The implications of Lehmans/Nortel cases The Supreme Court decision in the case of Nortel/Lehman has clarified the status of Financial Support...
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Produced in partnership with Raquel Agnello QC of Erskine Chambers and Thomas Robinson of Wilberforce Chambers 23rd Mar
Practice notes

Winding up a defined contribution (DC) occupational pension scheme

This Practice Note covers the key steps in relation to winding up a defined contribution (DC) occupational pension scheme (also known as a money...
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Produced in partnership with Leigh Holmes, Louise Edwards and Wills Crump of Wrigleys 5th Mar
Practice notes

How a pension is dealt with in bankruptcy

The position of a personal pension on bankruptcyA bankrupt’s estate automatically vests in the official receiver (or an insolvency practitioner if...
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Produced in partnership with Philip Hinks of 3 Verulam Buildings (3VB) 3rd Mar

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