A scheme with an identity crisis: Pi Consulting (Trustee Services) v the Pensions Regulator
This case attracted a lot of media attention in the context of pension liberation, following the appointment by the Pensions Regulator of Pi Consulting (Trustee Services) as independent trustee of a pension scheme called 5G Futures Pension and of Dalriada Trustees to eight other pension schemes.
The case is not, however, about pension liberation, although the judgment should bring a measure of legal comfort to those trustees of schemes who might be being asked by their members to transfer funds to suspected pension liberation vehicles.
Pension schemes can be categorised in various ways, including as to whether a scheme is an occupational pension scheme or a personal pension scheme. From their governing documents, the schemes at issue here were suffering from something of an identity crisis, as it was not clear which type of scheme they were…
Click on the link below to read the rest of the Taylor Wessing briefing.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world