Case law update: Wytch (PO — 528) — Pensions Ombudsman rules on overpayments recovery
The Pensions Ombudsman has determined that where a pension scheme member, as a result of a pension overpayment has lived ‘a somewhat improved and more generous lifestyle’ than they otherwise would have lived, this can used as a defence of change of position to a claim for recovery of the overpayment by the scheme…
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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