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February 2024 Pensions Law Update

In this month’s newsletter, we look at some of 2024’s key developments so far including the Pensions Regulator’s new General Code, the new Funding & Investment Regulations for defined benefit schemes, and the abolition of the lifetime allowance
19 February 2024

'ESG litigation risks' for pension trustees: A spotlight on identifying and mitigating risks

What should “ESG litigation risk” mean to pension trustees and what can they do to mitigate it? This article looks at themes which may give rise to claims in this rapidly developing landscape and suggestions of how trustees may respond to minimise those risks
10 January 2024

Checkmate: Chess Grandmaster’s £730,000 Repayment Order in Pension Fraud

Whilst extraordinary on its facts, this decision of the Pensions Ombudsman’s Pensions Dishonesty Unit highlights the importance of key principles of responsible trusteeship, as well as the need for vigilance against pension liberation schemes and unauthorised payments.

30 November 2023

Mr White gets the same treatment as Mr Green: director ordered to draw pension sums to pay creditors

This judgment reinforces the Court’s power to order a judgment debtor to draw down their pension for the benefit of the creditors as recently seen in Bacci v Green
18 October 2023

Proposed amendment to BBC pension scheme held detrimental to members’ future service benefits

Active members’ ‘interests’ includes benefits not yet earned, and amendment to the scheme’s terms concerning future service benefits would have ‘affected’ the members’ interests, leaving them worse off.

28 September 2023

Considering the “appeal” of ill-health retirement

We review the recent judgment in the case of Andrew v Royal Devon And Exeter NHS Foundation Trust [2022] EWHC 2992 (Ch) (28 November 2022) and set out the key takeaways for parties dealing with similar complaints relating to incorrect pension estimates
13 January 2023

The EAT’s decision in Beattie: a victory for Brexiteers

The case restricts new claims in respect of age discriminatory rules, practices, actions or decisions that relate to pre-1 December 2006 pensionable service
28 November 2022

The CMG case and what it means for correcting pension mistakes

We examine CMG Pensions Trustees Limited v CGI IT UK Limited, an important case when dealing with overpayment and underpayment of benefits
28 September 2022

Pensions law: On the horizon

To help you keep abreast of the forthcoming changes in pensions law, we have prepared a tracker of key recent and future developments
15 July 2022

Increased Corporate Transparency: what does it mean for pension schemes?

Change is coming to Companies House and the Land Registry: what does it mean for sponsoring employers and trustees of occupational pension schemes?
31 May 2022

TPR’s draft cyber controls module: an analysis with a view to the future

An analysis of the Pensions Regulator’s draft Single Code of Practice as it relates to cyber controls along with our thoughts as to what it is missing
13 October 2021

Adams v Options in the Court of Appeal: Good and bad news for SIPP providers?

The Court of Appeal judgment, partially allowing Mr Adams’ appeal, has specific practical implications for SIPP providers
20 April 2021
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