UK pensions speedbrief: fair deal — out with the old, in with the new

HM Treasury has just issued the new Fair Deal guidance. The new Fair Deal, which is non-statutory policy, sets out the principles that will ensure that staff compulsorily transferred out of the public sector will continue to have access to their existing public service pension schemes.

The new guidance is intended to achieve better value for money for the taxpayer by reducing the costs and risks to employers associated with the provision of broadly comparable pension schemes, thereby opening up public services to greater competition.

The new guidance has immediate effect and applies directly to central government departments, agencies and the NHS as before. Surprisingly, the new guidance also applies to maintained schools (except where they are covered by other arrangements applicable to local government), academies and any other parts of the public sector under the control of government ministers where staff are eligible to be members of a public service scheme…

If you are registered and logged in to the site, click on the link below to read the rest of the Eversheds briefing. If not, please register or sign in with your details below.

 

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Eversheds

View more briefings from Eversheds

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1 Wood Street
London
EC2V 7WS
UK
http://www.eversheds.com

Turnover (£m): 382
No. of lawyers: 1,218 (UK 200)
Jurisdiction: UK
No. of offices: 57
No. of qualified lawyers: 54 (International 50)

Jobs

View all jobs from this firm