Types of private sector pensions

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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 Types of private sector pensions content

Practice notes

Transfer to a DB superfund—trustee and employer considerations

The financial pressures involved in funding a defined benefit (DB) occupational pension scheme has led to an increased interest in minimising the...

Produced in partnership with Christopher Stiles of Gowling WLG 4th May

Q&As

Can an attorney under a registered lasting powers of attorney for property and financial affairs ask trustees of the donor's Self-Invested Personal Pension to pay money out?

You have asked: Can an attorney under a registered lasting powers of attorney for property and financial affairs ask trustees of the donor's...

14th Apr

Practice notes

Defined benefit pensions issues for charities

The charities sector in the UK is significant in size. There is a wide range of pension provision across the sector. Many charities are facing...

Produced in partnership with Gordons LLP and Ruth Bamforth of Walker Morris 9th Apr

Practice notes

Money purchase benefits—the statutory definition

The question of the nature of money purchase benefits has attracted considerable attention over recent years. Given the onerous and growing financial...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

How is the National Employment Savings Trust (NEST) different from a typical occupational pension scheme?

In this Practice Note, references to the National Employment Savings Trust (NEST) Order are to the National Employment Savings Trust Order 2010, SI...

Produced in partnership with Julie Peaple and Michael Hames of NEST Corporation 9th Apr

Practice notes

Money purchase benefits—the transitional regulations [Archived]

ARCHIVED. This Practice Note has been archived and is not maintained.This Practice Note looks at how pension schemes are affected by the revised...

9th Apr

Practice notes

Sectionalised pension schemes

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMESWhat is a 'sectionalised' pension scheme?A pension scheme...

Produced in partnership with Squire Patton Boggs and Catherine Lonergan of Eversheds Sutherland (International) LLP 9th Apr

Practice notes

Master trusts—an introduction

CORONAVIRUS (COVID-19) UPDATE: In light of the coronavirus pandemic, the Pensions Regulator (TPR) issued guidance stating that, until 30 June 2020, it...

Produced in partnership with Peter Coyne & Kirsten Thompson of CMS 9th Apr

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 9th Apr

Practice notes

The Universities Superannuation Scheme

The Universities Superannuation Scheme (USS) is a private sector occupational pension scheme for higher education bodies. It provides benefits on a...

Produced in partnership with Alexandra Ventham of Shoosmiths and Paul Carney of Shoosmiths 9th Apr

Practice notes

Disguised remuneration and pensions

What is disguised remuneration?HMRC has, for many years, sought to ensure that the rewards gained from employment are properly subject to income tax...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

Small self-administered schemes (SSASs)

What is a SSAS?Small self-administered schemes (SSASs) are usually registered pension schemes that are set up to provide defined contribution (DC)...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

Types of pension arrangements for employees

Ways of accruing pension benefitsThere are a variety of possible pension arrangements for employees. The main options include:•occupational pension...

9th Apr

Practice notes

Hybrid pension schemes

What is a hybrid pension scheme?At present, the majority of pensions legislation defines types of occupational pension scheme in the UK on a binary...

Produced in partnership with Stephen Maynard of Gateley and Michael Collins of Gateley 9th Apr

Practice notes

TPR’s interim regime for DB superfunds

This Practice Note describes the interim regime applicable to defined benefit (DB) superfunds, as developed by the Pensions Regulator (TPR) while the...

9th Apr

Practice notes

Types of pension schemes—beginners’ guide

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law.A pension scheme...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 9th Apr

Practice notes

Cash balance schemes

What is a cash balance scheme?At its simplest level, a cash balance pension scheme is an arrangement by which the member builds up a guaranteed cash...

Produced in partnership with Michael Collins of Gateley 9th Apr

Practice notes

Using the National Employment Savings Trust (NEST) for auto-enrolment

In this Practice Note, references to the National Employment Savings Trust (NEST) Order are to the National Employment Savings Trust Order 2010, SI...

Produced in partnership with Wyn Derbyshire of gunnercooke LLP 18th Mar

Practice notes

The authorisation and supervisory regime for master trusts

CORONAVIRUS (COVID-19) UPDATE: In light of the coronavirus pandemic, the Pensions Regulator (TPR) issued guidance stating that, until 30 June 2020, it...

17th Mar

Practice notes

Collective defined contribution (CDC) schemes under the Pension Schemes Act 2021

FORTHCOMING DEVELOPMENT: Following the introduction of a new statutory regime for CDC schemes through the Pension Schemes Act 2021, the government is...

11th Mar

Types of private sector pensions

View Pensions by content type:

Latest Pensions News

Pension introducer companies avoid winding up orders after steelworkers advice scandal

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

Pensions weekly highlights—13 May 2021

City urges government to stop scams with Online Safety Bill

Featured Pensions content

The employment contract—sample pensions clauses

Anti-franking

Month definition

Deed of substitution

Most recent Types of private sector pensions content

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Common financial covenants

Fraud by false representation

Skeleton arguments

The Standard Conditions of Sale (5th edition: 2018 revision)—a guide to the main provisions

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