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Brexit Bulletin—UK preparations in the two months to exit day

The following Banking & Finance news provides comprehensive and up to date legal information on Brexit Bulletin—UK preparations in the two months to exit day

Brexit Bulletin—getting to grips with retained EU law

The following Banking & Finance news provides comprehensive and up to date legal information on Brexit Bulletin—getting to grips with retained EU law

Brexit Bulletin—one month to exit day?

The following Arbitration news provides comprehensive and up to date legal information on Brexit Bulletin—one month to exit day?

Analysts warn of penalties over tough new pensions act

The following Corporate Crime news provides comprehensive and up to date legal information on Analysts warn of penalties over tough new pensions act

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 This Practice Note has been archived and is not maintained.As well as the option to postpone auto-enrolment, employers which operate defined...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

Practice notes

Retirement options—DB members

Ways of drawing benefitsMembers of defined benefit (DB) occupational pension schemes may draw their benefits in a number of ways depending on the...

16th Jan

Practice notes

Flexible retirement

THIS PRACTICE NOTE RELATES MAINLY TO REGISTERED OCCUPATIONAL PENSION SCHEMESOne consequence of the recent pensions legislation reforms, including the...

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

Practice notes

Drawdown from 6 April 2015

CORONAVIRUS (COVID-19) UPDATE: Through Policy Statement PS19/1, new rules came into force on 6 April 2020, changing both the information that firms...

16th Jan

Practice notes

Normal minimum pension age and protected pension age

CORONAVIRUS (COVID-19) UPDATE: For the period from 1 March 2020 to 1 November 2020, HMRC granted an easement whereby individuals who took their...

16th Jan

Practice notes

Drawdown and death benefits from 6 April 2015

Where a member of a registered pension scheme dies while in drawdown (whether in the form of income withdrawal or a short-term annuity), there may be...

16th Jan

Practice notes

Drawdown before 6 April 2011

THIS PRACTICE NOTE RELATES TO DRAWDOWN PENSIONS WHICH COMMENCED BEFORE 6 APRIL 2011This Practice Note looks at the legal regime applicable to drawdown...

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

Practice notes

Annuities for pension lawyers

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

16th Jan

Practice notes

Retirement options—DC members

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED CONTRIBUTION PENSION SCHEMESIn a defined contribution (DC) scheme (whether an occupational pension...

16th Jan

Practice notes

Pension commencement lump sums (PCLSs)

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

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

Practice notes

Bridging pensions

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

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

Practice notes

Section 32 buy-out policies

What is a section 32 buy-out policy?A term which may be often heard within the pensions arena is that of the ‘section 32 buy-out policy’—also...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 8th Jan

Practice notes

Drawdown between 6 April 2011 and 5 April 2015

THIS PRACTICE NOTE RELATES TO DRAWDOWN PENSIONS COMMENCING BETWEEN 6 APRIL 2011 AND 5 APRIL 2015 (INCLUSIVE)This Practice Note looks at the legal...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 8th Jan

Q&As

How do the bridging pensions exceptions in Equality Act 2010 (Sex Equality Rule) (Exceptions) Regulations 2010, SI 2010/2132, reg 2 apply to the Barber case?

These exceptions apply in respect of bridging pensions, which are the subject of the Practice Note: Bridging pensions.As explained in the Practice...

14th Dec

Q&As

Where a member of an occupational DC pension scheme designates their pension fund into flexi-access drawdown at age 60, ie prior to their normal retirement age (age 65), at what time are the information requirements of reg 19 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving first information on accessing benefits) triggered?

Regulation 19 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI 2013/2734, applies in respect of...

7th Dec

Q&As

Would a member of a DC occupational pension scheme, who has pre-A Day scheme-specific lump sum protection of more than 25%, lose that protection if they designate funds into a flexi-access drawdown?

This Q&A covers the situation where there have not been any individual transfers by the relevant member of their benefits from the original defined...

7th Dec

Practice notes

Guaranteed annuity rates (GARs)

What is a guaranteed annuity rate (GAR)?Many pension policies issued before 1988 offered their members a GAR.A GAR is an entitlement to a specific...

7th Dec

Practice notes

Uncrystallised funds pension lump sums (UFPLSs)

THIS PRACTICE NOTE APPLIES IN RELATION TO MONEY PURCHASE ARRANGEMENTSWhat is an uncrystallised funds pension lump sum?From 6 April 2015, members of...

6th Oct

Practice notes

The secondary annuity market [Archived]

This Practice Note has been archived because on Tuesday 18 October 2016, the government announced its decision to cancel plans for the creation of a...

26th Sep

Retirement options

View Pensions by content type:

Latest Pensions News

Brexit Bulletin—UK preparations in the two months to exit day

Brexit Bulletin—getting to grips with retained EU law

Brexit Bulletin—one month to exit day?

Analysts warn of penalties over tough new pensions act

Featured Pensions content

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

Retirement schemes for executives—UURBS, FURBS and EFRBS

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

The pre A-day pensions tax regime

Most recent Retirement options content

Popular documents

PRA Rulebook—introduction for the insurance and reinsurance sector

The Offshore Transmission Owner (OFTO) regime

Key elements of a standstill agreement

Recklessness in criminal cases

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