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Latest Pensions News

Pension introducer companies avoid winding up orders after steelworkers advice scandal

The following Pensions news provides comprehensive and up to date legal information on Pension introducer companies avoid winding up orders after steelworkers advice scandal

Britvic fights for flexibility to determine pension increase rate in Court of Appeal

The following Pensions news provides comprehensive and up to date legal information on Britvic fights for flexibility to determine pension increase rate in Court of Appeal

Pensions weekly highlights—13 May 2021

The following Pensions news provides comprehensive and up to date legal information on Pensions weekly highlights—13 May 2021

City urges government to stop scams with Online Safety Bill

The following Corporate Crime news provides comprehensive and up to date legal information on City urges government to stop scams with Online Safety Bill

Featured Pensions content

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...

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)...

Month definition

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

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...

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

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

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

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 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

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

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

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

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

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 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

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

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...

Produced in partnership with Mark Smith, Georgina Wardrop and Angela Sharma of Taylor Wessing LLP 12th Jan

Practice notes

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...

9th Nov

Practice notes

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...

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

Practice notes

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...

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

Most recent Members and benefits content

Practice notes

Pension commencement lump sums (PCLSs)

Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part...

Produced in partnership with Barnett Waddingham and Rowan Harris of Quattro Pensions 16th May

Practice notes

International pension transfers

International pension transfersCORONAVIRUS (COVID-19) UPDATE: Through Pension Schemes Newsletter 128 and Pension Schemes Newsletter 121, HMRC...

Produced in partnership with Sean McNulty of Blake Morgan 16th May

Practice notes

Equalisation of guaranteed minimum pensions (GMPs)

Equalisation of guaranteed minimum pensions (GMPs)What are guaranteed minimum pensions?Guaranteed minimum pensions (GMPs) arrived on the pension scene...

Produced in partnership with Elizabeth Ovey of Radcliffe Chambers 16th May

Practice notes

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

What does ‘contracting-out’ mean for pension lawyers?Interaction with the additional State pensionBefore 6 April 2016, there were two levels of State...

16th May

Practice notes

Pension rights of spouses and civil partners on member’s death

Pension rights of spouses and civil partners on member’s deathFORTHCOMING DEVELOPMENT: On 20 July 2020, a written ministerial statement was made...

16th May

Practice notes

Death benefits—final salary schemes

Death benefits—final salary schemesTHIS PRACTICE NOTE APPLIES ONLY TO REGISTERED FINAL SALARY OCCUPATIONAL PENSION SCHEMESMost pension schemes provide...

Produced in partnership with Louise Howard of Universities Superannuation Scheme (Ltd) 16th May

Practice notes

Abolition of DB contracting-out—the employer's statutory power to amend the scheme rules

Abolition of DB contracting-out—the employer's statutory power to amend the scheme rulesTHIS PRACTICE NOTE APPLIES IN RELATION TO SCHEMES THAT WERE...

16th May

Practice notes

Legal regime applicable to Section 9(2B) rights and GMPs from 6 April 2016

Legal regime applicable to Section 9(2B) rights and GMPs from 6 April 2016THIS PRACTICE NOTE APPLIES TO SCHEMES THAT WERE CONTRACTED-OUT...

16th May

Practice notes

Abolition of DB contracting-out—implementation issues

Abolition of DB contracting-out—implementation issuesOn 6 April 2016, contracting-out on a salary-related basis (also known as DB contracting-out)...

16th May

Practice notes

Abolition of DB contracting-out—an introduction

Abolition of DB contracting-out—an introductionThis Practice Note focuses on the abolition of DB contracting-out from 6 April 2016.The only other form...

16th May

Practice notes

Ill-health early retirement—interpreting the scheme rules

Ill-health early retirement—interpreting the scheme rulesTHIS PRACTICE NOTE RELATES TO REGISTERED OCCUPATIONAL PENSIONS SCHEMESAn important aspect of...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 16th May

Practice notes

Early leavers—preservation

Early leavers—preservationTHIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESIn this Practice Note, references to the trustees of a...

16th May

Practice notes

Uncrystallised funds pension lump sums (UFPLSs)

Uncrystallised funds pension lump sums (UFPLSs)THIS PRACTICE NOTE APPLIES IN RELATION TO MONEY PURCHASE ARRANGEMENTSWhat is an uncrystallised funds...

16th May

Practice notes

Pension rights of unmarried cohabitants on members’ death

Pension rights of unmarried cohabitants on members’ deathIn this Practice Note, the term ‘cohabitant’ is used to refer to an unmarried partner (other...

16th May

Practice notes

Drawdown before 6 April 2011

Drawdown before 6 April 2011THIS PRACTICE NOTE RELATES TO DRAWDOWN PENSIONS WHICH COMMENCED BEFORE 6 APRIL 2011This Practice Note looks at the legal...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 16th May

Practice notes

Obtaining a DB contracting-out certificate before 6 April 2016 [Archived]

Obtaining a DB contracting-out certificate before 6 April 2016 [Archived]THIS PRACTICE NOTE APPLIES TO SCHEMES THAT WERE CONTRACTED-OUT SALARY-RELATED...

16th May

Practice notes

Buying out Section 9(2B) rights and GMPs from 6 April 2016

Buying out Section 9(2B) rights and GMPs from 6 April 2016This Practice Note focuses on the considerations applicable on and from 6 April 2016 (the...

16th May

Practice notes

Annuities for pension lawyers

Annuities for pension lawyersBefore 6 April 2015, members entitled to money purchase benefits (also known as defined contribution (DC) benefits) had...

16th May

Practice notes

Protected rights before 6 April 2012 [Archived]

Protected rights before 6 April 2012 [Archived]’Protected rights’ were the benefits which schemes contracted-out on a money purchase basis had to...

16th May

Practice notes

Surrender and forfeiture of pension benefits

Surrender and forfeiture of pension benefitsTHIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMES ONLYThis Practice Note considers the extent to...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 16th May