Pensions update — February 2013
Nabarro has released its pensions update for February 2013.
Deadlines for submitting information to the PPF for the 2013/14 levy are approaching. It is very important for schemes not to miss these if they wish that information to be taken into account in the calculation of the levy. Failure to provide the information on time will mean missing out on a potential reduction in the risk-based levy.
The PPF has revised its guidance for schemes wishing to submit a Type A contingent asset (group/parent company guarantee) in order to reduce their 2013/2014 levy payment. Although the wording of the certificate is the same as last year, trustees must value the strength of the guarantor on the assumption that the employer is insolvent, i.e. take account of “the reasonably foreseeable impact of the insolvency of the employer whose liabilities are being guaranteed, assuming that were to occur in the near future”…
If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
All employees can ask for flexible working from 30 June. Here are Shoosmiths’ top three tips for avoiding the doom and riding the wave as smoothly as possible.
Allan Skelton joined Nabarro partner Martin McKervey and representatives from various companies at the UK Manufacturing: Exporting event.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem