About Pensions Law
Pensions is already one of the most complex and technical areas of the law. And with new legislation, the advent of auto-enrolment and a move towards defined contribution schemes, it’s about to become even more challenging.
Members and benefits
Navigate the complexities of the revised pensions freedoms regime and the different circumstances of pension benefits, including periods of temporary absence and the indexation and reduction of pensions in payment.
Trustees, governance, and administration
The governance of occupational pension schemes is an area that’s expanded with the increased level of regulation. Our content helps practitioners navigate their way through the web of statutory and regulatory material.
Transactions and reorganisations
The existence of pension arrangements can add complexity and risk to even the most straightforward of corporate transactions. Our content helps guide practitioners through the issues and how to deal with them.
Legislation
Pensions is one of the most complex and technical areas of the law. And with new legislation, the advent of auto-enrolment and a move towards defined contribution schemes, it’s about to become even more challenging.
Topics We Cover
Latest Pensions News
Pensions UK has published a report, ‘Local Government Pension Scheme: Supporting local workers, delivering local growth’, examining the financial...
Pensions analysis: In the determination of Ms S, CAS-141301-G9R0, the Deputy Pensions Ombudsman has partly upheld a complaint about the commutation of...
Pensions analysis: In the determination of Mr L, CAS-90404–K0X2, the Pensions Ombudsman has partially upheld a complaint concerning a 1997 benefit...
The Pensions Administration Standards Association (PASA) has published a new toolkit to help trustees, scheme managers, administrators and providers...
The Pensions Dashboards Programme (PDP) has provided a webinar update on progress towards delivering pensions dashboards and shared emerging findings...
Latest Pensions Practice Notes
This Practice Note examines the practical considerations arising when occupational pension scheme assets and liabilities are transferred to a master...
This Practice Note considers bulk transfers between occupational pension schemes. A bulk transfer is the transfer of a group of members from one...
Prosecution by The Pensions Regulator (TPR)Occupational pension schemes are governed by a complex regulatory framework, principally overseen by The...
THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL AND PERSONAL PENSION SCHEMESThe nature of an outsourcingOutsourcing involves an organisation entering into...
Origins of the McCloud remedyIn 2014/15, the following public service pension schemes were reformed through the creation of career-average pension...
Latest Pensions Precedents
1Conflicts of interest[No conflict of interest was reported prior to, or at the commencement of the meeting OR [Insert name] declared a conflict of...
This document provides general guidance regarding financial disclosure. Your family lawyer will be able to provide specific advice based on your...
1Time off for pension scheme trustees1.1As an eligible employee trustee of a relevant occupational pension scheme (including eligible directors of a...
The model discretionary investment management agreement can be found on the Investment Association’s website here. Please note that non-members of the...
This Agreement is made on [insert date—note that admission agreements can take effect on a date earlier than the date of execution].Parties1[insert...
Latest Pensions Q&As
Featured Pensions content
Self-invested personal pensions (SIPPs)
Self-invested personal pensions (SIPPs)When personal pensions were first introduced in April 1988, they could only be established by authorised...
Small self-administered schemes (SSASs)
Small self-administered schemes (SSASs)What is a SSAS?Small self-administered schemes (SSASs) are usually registered pension schemes that are set up...
Section 32 buy-out policies
Section 32 buy-out policiesWhat is a section 32 buy-out policy?A term which may be often heard within the pensions arena is that of the ‘section 32...
The pre A-day pensions tax regime [Archived]
The pre A-day pensions tax regimeThe pensions tax regime under the Finance Act 2004 came into effect on 6 April 2006, otherwise known as A-day. The...
How is the National Employment Savings Trust (NEST) different from a typical occupational pension scheme?
How is the National Employment Savings Trust (NEST) different from a typical occupational pension scheme?FORTHCOMING DEVELOPMENT: Section 10 of the...
Registration of pension schemes
Registration of pension schemesBenefits of registrationRegistration provides advantageous tax reliefs and exemptions for a pension scheme and its...
DWP finds £571.6m state pension shortfall
The DWP announced on 21 March 2024 that it has so far identified 97,000 payments that were each short between £2,192 and £12,486.The DWP has launched...
Are apprentices auto-enrolled into a pension if they earn under 10,000 per year and are aged under 18?
What issues should an employer consider when providing life insurance to its employees?
Anti-franking
Anti-frankingThe conceptIt used to be the case that contracted-out salary-related (COSR) schemes could revalue a deferred member's guaranteed minimum...
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...
Qualifying Recognised Overseas Pension Schemes (QROPS)
Qualifying Recognised Overseas Pension Schemes (QROPS)Why use a QROPS?In practice, many Qualifying Recognised Overseas Pension Schemes (QROPSs) are...
Bridging pensions
Bridging pensionsThis Practice Note contains references to case law of the Court of Justice of the European Union. For guidance on whether EU...
Pension consultation requirements
Pension consultation requirementsEmployers are required by statute to consult with members or their representatives for at least 60 days before making...
Relevant life and excepted group life policies—practical issues
Relevant life and excepted group life policies—practical issuesStatute provides for two tax-efficient alternatives to a life assurance policy held...
Investment management agreements—trustee considerations
Investment management agreements—trustee considerationsThe management of assets belonging to another person on a discretionary basis is a 'regulated...
Auto-enrolment—postponement
Auto-enrolment—postponementAn employer can postpone the date on which the auto-enrolment obligations would otherwise apply to an eligible jobholder by...
Types of pension schemes—beginners’ guide
Types of pension schemes—beginners’ guideThis guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or...
Associated legal terms
Automatic enrolment
Framework introduced by the Pensions Act 2008 which requires employers to enrol workers automatically into a pension scheme meeting minimum standards and to pay minimum contribution rates to that scheme on behalf of workers.
Interest rate swap
A swap in which typically a fixed set of cash flows are exchanged for a set of cash flows linked to short-term interest rates.
Out-of-the-money
For a call option, when the market price of the underlying asset is below the exercise price. For a put option, when the exercise price is below the market price.
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