GMP equalisation: transfers-out -
The High Court has now handed down its decision in the second Lloyds case on GMP equalisation. The first decision (in 2018) established that trustees of defined benefit occupational...more
Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings, and to support the legal update item on...more
Welcome to our monthly update on current legal issues for trustees of DC pension schemes, designed to help you stay up to date with key developments between trustee meetings, and to support the legal update item on your next...more
The High Court has handed down its ruling in the second Lloyds case on GMP equalisation. The first decision, published just over two years ago, established that trustees of defined benefit occupational pension schemes had a...more
Trustee disclosure requirements on investment governance issues, stewardship and engagement are evolving rapidly. We expect additional requirements and guidance to emerge over the next few months in relation to environmental,...more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding....more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding.
...more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding.
...more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding.
This briefing highlights recent...more
The government is consulting on strengthening the powers of the Pensions Regulator. Greater oversight of corporate transactions is a central focus, with changes to the notifiable events framework and a new declaration of...more
Once every few years a case comes along that changes the pensions industry. The Lloyds case is in that category. For nearly 30 years, there has been a question about whether pension schemes have to e?qualise for the effects...more
In some circumstances those involved in operating or advising occupational pension schemes are required to provide information to the Regulator to help it carry out its regulatory responsibilities, particularly its objectives...more
Once every few years a case comes along that changes the pensions industry. The Lloyds case is in that category. For nearly 30 years, there has been a question about whether pension schemes have to equalise for the effects of...more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding. This briefing highlights recent...more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding. This briefing highlights recent...more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding. This briefing highlights recent...more
Higher compensation awards for repeated instances of maladministration -
In a recent High Court appeal from a Pension Ombudsman determination, the judge awarded the claimant £2,750 for distress and inconvenience. The...more
The Court of Appeal has ruled on two long-running disputes about the ability of an employer to change pension benefits for future service (for example by closing a scheme to future accrual and/or capping pensionable pay). The...more
At a time of increasing disputes involving accounting evidence, this case debunks a number of assumptions about the approach taken by both HMRC and the First-tier Tribunal. HMRC do not always instruct their own employees as...more
Cybersecurity is a topical issue for pension schemes, and an increasingly important regulatory risk. Not only does the Pensions Regulator believe that trustees should be taking action to mitigate cyber risks, but there is...more
The Pensions Regulator’s power to issue a financial support direction (FSD) could mean that a bank, lender or other corporate investor becomes obliged to provide financial support to a pension scheme to which it has little,...more