Interaction with the additional State pensionBefore 6 April 2016, there were two levels of State pension provision:•the basic State pension—this was a...
The Electricity Supply Pension Scheme (‘ESPS’) is a trust-based scheme established by the Electricity Council by a resolution dated 20 January 1983 as...
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...
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...
THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMESThis Practice Note applies to business sales which are subject to the Transfer...
THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMESThis Practice Note looks at the alternative methods available to...
The conceptIt used to be the case that contracted-out salary-related (COSR) schemes could revalue a deferred member's guaranteed minimum pension (GMP)...
This Practice Note explores the boundaries of a trustee’s duty not to fetter his discretion. It should be read in conjunction with the Practice Note:...
When making decisions, trustees are required, among other things, to:•act in the best interest of scheme beneficiaries•act for a proper purpose•have a...
THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMESPension scheme trustees have a duty to act in the best interests of the scheme's...
It is increasingly common to find independent individuals acting in relation to occupational pension schemes, either as the sole trustee or as one of...
Statutory requirementsTrustee boards must put in place and implement arrangements which provide for at least one-third of the total number of trustees...
THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMESTrustees may be subject to personal liability if they commit a breach of trust...
THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMESIndividual trustees v corporate trusteeThe most common trustee structures used...
THIS PRACTICE NOTE APPLIES TO TRUSTEES OF ALL PENSION SCHEMESA power is a legal authority conferred on a person to deal with, and dispose of, property...
The role of secretary to pension trustees has changed dramatically in recent years and is important to the smooth running of a scheme. This Practice...
THIS PRECEDENT APPLIES TO SCHEMES UNTIL 5 APRIL 2016. FOR FURTHER INFORMATION, SEE PRACTICE NOTE: Payment of surplus to the employer—ongoing pension...
To: the Trustees of the [insert name of pension scheme] (the “Scheme”)NB: to be a valid nomination, this form must reach [insert name and address of...
To: the [active AND/OR deferred AND/OR pensioner] members [(the “Members”)] of the [insert name of pension scheme] [(the “Scheme”)]From: The trustees...
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