Members and benefits

View Pensions by content type:

Latest Pensions News

Featured Pensions content

Practice notes
Interaction with the additional State pensionBefore 6 April 2016, there were two levels of State pension provision:•the basic State pension—this was a...
Read More >
9th Nov
Practice notes
The power to make pension attachment orders (previously referred to as earmarking orders) arises from the insertion of sections 25B–25D of the...
Read More >
Produced in partnership with Rebecca Dziobon of Penningtons Manches Cooper 12th Jan
Practice notes
The Electricity Supply Pension Scheme (‘ESPS’) is a trust-based scheme established by the Electricity Council by a resolution dated 20 January 1983 as...
Read More >
Produced in partnership with Gary Delderfield of Eversheds Sutherland 12th Jan
Practice notes
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...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan
Practice notes
This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
Read More >
9th Nov
Practice notes
Bridging pensions—backgroundBridging pensions are a form of pension provided by some (but not all) defined benefit occupational pension schemes in...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan
Practice notes
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...
Read More >
Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Adele Isaacs of Bankside Chambers 12th Jan
Practice notes
THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESThis Practice Note applies to business sales which are subject to the Transfer...
Read More >
Produced in partnership with Ginevra Gatrell of gunnercooke LLP 12th Jan
Precedents
Option 1—deed executed by a company under its common seal (model articles, where the authorised signatory is an...
Read More >
9th Nov
Practice notes
THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESThis Practice Note looks at the alternative methods available to...
Read More >
9th Nov
Practice notes
THIS PRACTICE NOTE APPLIES TO PERSONAL PENSION SCHEMES This Practice Note looks at the disclosure requirements that were applicable to trustees (or...
Read More >
9th Nov
Practice notes
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...
Read More >
Produced in partnership with Keith Bryant QC of Outer Temple Chambers. 12th Jan
Precedents
Date: [insert date](1)[Name of Former Principal Employer](2)[Names of Trustees](3)[Name of the New Principal Employer]Deed of Substitution of...
Read More >
Produced in partnership with Blake Morgan LLP 12th Jan
Precedents
Month means a calendar month; Close This is a suggested definition for the term 'month', which...
Read More >
9th Nov
Practice notes
The conceptIt used to be the case that contracted-out salary-related (COSR) schemes could revalue a deferred member's guaranteed minimum pension (GMP)...
Read More >
Produced in partnership with Peter White 12th Jan
Precedents
The following pension clauses set out the pensions information to be included in an employment contract, depending on the type of...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 12th Jan

Most recent Members and benefits content

Practice notes
THIS PRACTICE NOTE RELATES TO REGISTERED OCCUPATIONAL PENSIONS SCHEMESAn important aspect of registered occupational pension schemes is their ability...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 16th Jan
Practice notes
ARCHIVED. This Practice Note has been archived and is not maintained.This Practice Note looks at how pension schemes are affected by the revised...
Read More >
13th Jan
Practice notes
FORTHCOMING DEVELOPMENT: Following a period of consultation, the government decided to restrict the statutory right to transfer (contained in...
Read More >
Produced in partnership with Alistair Hill of CMS 8th Jan
Practice notes
This Practice Note provides guidance on:•the old state pension scheme for those reaching state retirement age prior to 6 April 2016, and•the new state...
Read More >
Produced in partnership with Rebecca Dziobon of Penningtons Manches Cooper 8th Jan
Practice notes
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...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 8th Jan
Practice notes
The question of the nature of money purchase benefits has attracted considerable attention over recent years. Given the onerous and growing financial...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 8th Jan
Q&As
A reasonable period for the physical movement of assets on a block transfer is mentioned in HMRC's Pensions Tax Manual (PTM062240) on protected...
Read More >
Produced in partnership with Max Ballad of Arc Pensions Law LLP 8th Jan
Practice notes
The conceptIt used to be the case that contracted-out salary-related (COSR) schemes could revalue a deferred member's guaranteed minimum pension (GMP)...
Read More >
Produced in partnership with Peter White 8th Jan
Practice notes
THIS PRACTICE NOTE RELATES TO DRAWDOWN PENSIONS COMMENCING BETWEEN 6 APRIL 2011 AND 5 APRIL 2015 (INCLUSIVE)This Practice Note looks at the legal...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 8th Jan
Practice notes
As a general rule, members of registered pension schemes can only start receiving their pension benefits from such schemes from age 55 (prior to 6...
Read More >
Produced in partnership with Wyn Derbyshire of gunnercooke LLP 8th Jan
Practice notes
FORTHCOMING DEVELOPMENT: The Office of Tax Simplification (OTS) has released a report outlining recommendations to make considerable aspects of the...
Read More >
Produced in partnership with Keith Bruce-Smith and Katrina Hopkins of Harcus Sinclair 8th Jan
Q&As
The obligation to provide guaranteed minimum pensions (GMPs) is set out in sections 13(1) and 17(1) of the Pension Schemes Act 1993 (PSA 1993) (all...
Read More >
Produced in partnership with Alastair Meeks of Pinsent Masons 8th Jan
Practice notes
FORTHCOMING DEVELOPMENT: In a Written Statement made on 15 October 2015, the then Pensions Minister, Baroness Altmann, stated that the time was not...
Read More >
23rd Dec
Q&As
Paragraph 14(2) of Schedule 9 to the Equality Act 2010 provides that it is not an age contravention for an employer to make arrangements for, or...
Read More >
7th Dec
Q&As
While there are a number of Pensions Ombudsman determinations concerning members of UK registered pension schemes living overseas, one determination...
Read More >
7th Dec
Q&As
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...
Read More >
7th Dec
Q&As
This Q&A assumes the scheme in question is an occupational pension scheme.No short service refund lump sum optionSince A-day (6 April 2006), trustees...
Read More >
7th Dec
Q&As
Scope of preservation requirementsThe preservation requirements apply to occupational pension schemes that are funded at least in part by payments...
Read More >
7th Dec
Q&As
Life insurance—basicsLife insurance benefit (life cover) can form an important part of the employee benefit package that is used to both attract and...
Read More >
7th Dec

Popular documents