November saw the Pensions Regulator Code on the governance and administration of occupational defined contribution (DC) trust-based pension schemes come into force.
Amendments to the auto-enrolment legislation to take account of practical experience came into force at the beginning of this month.
Pensions news — November 2013 download
Nabarro has released the October 2013 issue of its Pensions Update, which discusses money purchase benefits among other topics.
Nabarro’s quick guide shows you how auto-enrolment will affect your business and provides you with a list of your obligations.
Age-related contribution rates to an occupational pension scheme can be objectively justified download
The Equality Act 2010 prohibits discrimination against an individual based on their age. However, there are a number of statutory exemptions in the UK that apply to this overriding principle.
The Pensions Regulator’s new Code of Practice no. 13, ‘Governance and administration of occupational defined contribution trust-based pension schemes’, has come into force.
Pensions News — October 2013 download
DLA Piper has released its latest Pensions News publication, which reports on recent developments in pensions legislation, guidance and case law.
The DWP has issued draft regulations for consultation. This follows the change in the statutory definition of money purchase benefits, due to come into force next year
Stephenson Harwood has advised the trustees of JLT UK Pension Scheme on the company’s £120m buy-in agreement of its defined-benefit liabilities with Prudential.
If you think Scottish independence will be tricky for politicians, spare a thought for pensioners
DLA Piper has advised the Cabinet Office on the creation of SSCL, a joint venture between HM Government and Steria.
Earlier this year, the DWP consulted on proposals to ‘consolidate, harmonise and simplify’ the existing disclosure regime.
In the third update of 2013, Wragge & Co’s private equity specialists comment on key issues and recent developments affecting the sector.
New York insurers’ investments in firms engaged in Iranian energy sector activities treated as ‘nonadmitted’ download
New York has enacted Chapter 481 of the Laws of 2013, which adds a new section 1415 to the New York Insurance Law effective 11 February 2014.
The High Court has ruled that the suspected pension liberation schemes were ‘occupational pension schemes’ within the statutory definition.
Wragge & Co and Buck Consultants have announced a joint initiative aimed at assisting SMEs to fulfil their automatic enrolment obligations.
Double counting and pensions download
The Pensions Regulator issued a statement on 25 October 2013 warning against ‘double counting’ in defined-benefit pension schemes.
Farhaz Khan has been identified by Legal Week as one of the 10 ‘most acclaimed young barristers making their mark’ at the commercial chancery bar.
The Pensions Regulator’s Code of Practice is due to come into effect on 21 November 2013.
Nabarro has released its 10th Clarity Guide, which discusses the revised draft Code of Practice on the governance and administration of trust-based DC schemes.
Last year, the High Court heard the first case about which occupational pension scheme rights transfer on an asset sale when the TUPE regulations apply since Beckmann and Martin.
The automatic-enrolment regulations have the effect of preventing members of defined-contribution automatic-enrolment schemes being forced to pay consultancy charges.
The Pensions Regulator has published final revised codes of practice on reporting late payment of contributions to occupational defined contribution and personal pension schemes.
The next few years will see significant changes in the public sector pensions arena.
The Deputy Pensions Ombudsman held that an insolvent employer should pay certain outstanding pension contributions, plus interest.
Pension scheme trustees are obliged to provide members with the benefits that they are entitled to under the governing documents of the scheme.
Pensions Ombudsman determinations download
The Deputy Pensions Ombudsman gives an indication of circumstances in which decision makers should give detailed reasons for their decisions.
In this case, the High Court looked at the issue of whether a claim for a section 75 debt should be reduced by the amount of other payments made to the trustees.
A decision of the Court of Appeal in relation to Olympic Airlines has left UK pension scheme members without the protection of the Pension Protection Fund.
Richard Hitchcock and Farhaz Khan represented the appellant trustee in the Desmonds Pension Scheme case, in which a decision has been made.
Clifford Chance has elected a new global tax, pensions and employment (TPE) head to replace outgoing chief David Harkness.
Burness Paull has added two lawyers to its pensions team in Glasgow from local rivals Brodies as the firm continues to grow.
Dormant pots carry a significant administration and cost burden for pension schemes.
Given its long lead in, one would think that everyone was ready for auto-enrolment. In reality, it appears not to be the case, as the Pensions Regulator has issued its first compliance notice.
The Pension Protection Fund (PPF) announced at the end of July 2013 that it is changing its insolvency risk provider from Dun & Bradstreet to Experian.
The Lehman Brothers pension scheme continues to be at the centre of litigation testing key aspects of the Pensions Regulator’s financial support direction (FSD) powers.
Wragge & Co provides a summary of changes that will apply to workplace pensions form 1 November 2013 and 1 April 2014.
The decision concerned an application by one defendant to have court proceedings that had been started to prevent a Pensions Ombudsman investigation struck out as an abuse of process.
DC pensions — all change download
A closer look at the proposed new requirements and initiatives in relation to workplace defined contribution pension arrangements
New Fair Deal published download
This week the government published Fair Deal for Staff Pensions: staff transfer from central government, which replaces Fair Deal guidance last updated in 2004.
The government has published details of changes to the law designed to make the administration of automatic enrolment easier.
The CJEU has ruled in the case of PPG Holdings BV (PPG) (C-266/12) that an employer is entitled to recover VAT on services procured by the employer for the management and operation of its pension fund.
Bermuda is well placed to benefit from increased life expectancy rates that have some employers seeking to restructure the pension entitlements of their employee members.
Eversheds has commented on a DWP paper that sets out proposals to cap the charges levied by default funds under qualifying DC schemes.
Pensions Update — October 2013 download
Nabarro has released the October 2013 issue of its Pensions Update, which discusses automatic enrolment among other topics.
DLA Piper has advised the shareholders of R Griggs Group, the parent company and licensee of the Dr Martens brand, on its disposal of Griggs to an investment vehicle.
This guide explores the steps that need to be considered in relation to a claim for age discrimination and notes the legitimate aims that have been recognised.
The CJEU has ruled that an employer is entitled to recover VAT on services procured by the employer for the management and operation of its pension fund.
One year into the auto-enrolment regime, some of the complexities encountered so far by employers in practice will shortly be ironed out.
Hogan Lovells has been shortlisted in three categories for the Legal Week 2013 British Legal Awards.
Allen & Overy, Linklaters and Olswang are among the firms to have missed out on Legal & General (L&G) panel places after the insurer cut its advisor roster from 19 to five, it has emerged.
The new Fair Deal provides for staff who have their employments transferred from a public sector employer to a private contractor to continue to be members of the public service scheme that they were in before.
The ECJ has ruled on the validity of age-related contributions in a money purchase pension scheme, confirming they are permissible provided they can be objectively justified.
Allen & Overy looks at the new Fair Deal policy and its implications for employers tendering for contracts to provide public services.
Hogan Lovells has advised the trustees of KPP on the implementation and completion of a settlement of its claims against EKC.
Eversheds’ Gary Delderfield has commented on the Fair Deal guidance issued by HM Treasury following a review of the existing Fair Deal guidance.
Stephenson Harwood has been appointed to two of the Pension Protection Fund’s (PPF’s) new legal panels.
The Fair Deal 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.
HM Treasury has published new guidance on its Fair Deal policy. This follows a lengthy consultation process beginning in March 2011.
Wide-ranging pension reforms were introduced by the Pensions Act 2008 and came into force on 30 June 2012.
Retail e-briefing: how should pension schemes treat same-sex married couples and civil partners download
Employers and pension scheme trustees will need to consider how they will treat same-sex married couples in respect of survivors’ benefits under their scheme.
The Pension Protection Fund (PPF) has cut its legal panel from 27 to 23 firms, in its first major shake-up of legal advisers since it was set up under the Pensions Act 2004.
From this date, anyone reaching age 65 will not be entitled to a state pension until they reach age 66.
Providing sustainable and affordable retirement benefits is a global challenge. At Eversheds, we are always looking for innovative solutions to help our clients achieve this objective.
It has been a hectic few months for the larger players in the food industry as they face head on the challenges posed by auto-enrolment.
The DWP has updated its guidance on certifying money purchase and defined-benefit schemes for auto-enrolment.
The results are in from Eversheds’ ‘Automatic Enrolment One Year On’ survey.
Pensions Update — September 2013 download
Nabarro has released its Pensions Update for September 2013.
Pensions News — August 2013 download
DLA Piper has released its latest Pensions News publication, in which it reports on recent developments in pensions legislation, guidance and case law.
A claim in relation to a ‘section 75 debt’ was not to be reduced by a subsequent payment of £2m to the scheme despite the calculation being made prior to that payment.
Pension savers should ensure they have the correct protections in place in order to safeguard their savings.
On 6 September 2013 the UK Border Agency (UKBA) announced a number of positive changes to the immigration rules which will help UK employers.
There’s good news and more clarity for pension funds reviewing their derivatives investment strategy in the light of the European Market Infrastructure Regulation.
Allen & Overy advises IC Hotels UK Pension Trust Ltd on purchase of bulk annuity policy with Rothesay Life.
Hogan Lovells has advised the trustees of KPP on the settlement of its claims against EKC and Kodak Ltd.
All UK employers will be required to auto-enrol eligible workers into a pension scheme and make mandatory contributions, in a process staged over several years.
Two members of Outer Temple Chambers have assisted an Australian national to obtain a significant award before the First-Tier Tribunal (Criminal Injuries Compensation).
Pensions update — August 2013 download
The August 2013 issue of Nabarro’s Pensions Update is available now.
The Pensions Regulator issues a new draft code of practice on DC trust-based occupational pension schemes download
The Pensions Regulator has laid before Parliament the final draft of a code of practice for trust-based DC pension schemes.
Proposed changes to the Employer Debt Regulations risk missing opportunity to facilitate corporate restructurings download
The Employer Debt Regulations provide the detail about debts that become due from employers that exit from underfunded defined-benefit pension schemes.
Minimum solvency provisions for pension schemes dropped from forthcoming European legislation (IORP II) download
In good news for employers, the European Commission has dropped proposals that could have resulted in a dramatic increase in contributions to defined benefit pension schemes.
Pension obligations on employers in relation to auto-enrolment are being introduced, on a phased basis, from October 2012.
‘Fixed protections' under UK registered pension scheme tax regime — new regulations to come into force to clarify how these operate download
New regulations come into force in August that make provision in relation to the tax protections available for large pension entitlements
The Department for Work & Pensions has issued a call for evidence in relation to quality standards in workplace DC pension schemes
Changes to the Takeover Code mean that trustees of defined-benefit pension schemes will have more involvement where listed companies are being acquired download
The City Code on Takeovers and Mergers has been amended to take account of the growing importance of defined-benefit pension schemes in a takeover situation.
It remains to be seen whether proposed changes to the Pension Protection Fund (PPF) compensation regime will lead to increased PPF levies.
Since the Wheels case, the Court of Justice of the European Union has been considering further issues to do with VAT and pension schemes.
The Pensions Regulator has issued an amended ‘section 89 report’ on the extent to which it can look back to before when it was granted its moral hazard powers when deciding whether to use them in any case.
On your marks. Three members of OTC Pensions Team involved in the first case of its type regarding abuse and the jurisdiction of the Pensions Ombudsman download
Most members of occupational pension schemes involved in a pensions dispute prefer to have their dispute determined by the Pensions Ombudsman rather than the court.
The First Circuit Court of Appeals recently became the first federal appellate court to hold that a private equity (PE) fund can be a ‘trade or business’.
The government’s Automatic transfers: consolidating pensions savings paper aims to find a solution to the issue of dormant DC pension pots.
The UK Supreme Court has overruled the Court of Appeal and held that held that the cost of complying with a Financial Support Direction or Contribution Notice was not to be classed as a ‘liquidation expense’.
The case involved two groups (the Nortel group and the Lehman group) each of which contained occupational pension schemes with substantial funding deficits.
This issue of snapSHot summarises some of the key legal and regulatory developments that occurred during June in relation to occupational pension schemes.
The much-anticipated judgment in Nortel Companies and others, Re  UKSC 52 (24 July 2013) was delivered by the Supreme Court on 24 July.
Financial support directions are orders from the Pensions Regulator to other members of a corporate group to stand behind the obligations of a service company or under-resourced employer.
The Supreme Court handed down its judgment in the Lehman and Nortel pension appeal cases on 24 July 2013.
The UK Supreme Court has given judgment in the Nortel and Lehman Brothers pensions cases, ruling that pensions FSDs and CNs rank as provable debts in an insolvency.
Pensions update — July 2013 download
Nabarro has released the July 2013 issue of its Pensions Update, which includes information on the new DC code of practice, automatic enrolment and more.
The DOL has announced an opportunity for administrators of participant-directed individual account plans to ‘reset’ their annual deadline for distributing plan-related information.
Herbert Smith Freehills (HSF) and Linklaters have triumphed in the crucial pension scheme deficit case brought by the administrators of the Lehman Brothers International (Europe) and Nortel schemes in the Supreme Court.
The final version of the Pensions Regulator’s new Code of Practice on DC governance is due to come into effect in November 2013.
Outer Temple has long been established as one of the leading chambers specialising in pensions law, whether in litigation or in complex transactions.
Taylor Wessing’s International Pensions Guide looks at pensions provisions in the UK, Germany, France, Austria and the CEE, China, Dubai and Singapore.
Nabarro has retained its role as lead adviser to UK Coal after the struggling company filed for administration, with administrators at PricewaterhouseCoopers (PwC) turning to Addleshaw Goddard.
MOLITOR has announced three appointments.
We advise on the full range of employment matters.
There are times when employers wish to consolidate their pension schemes by merging one into another, often following a corporate acquisition.
The sudden death of media mogul Ian Robert Maxwell and its aftermath are still felt in the pensions industry today.
PPF update: the Pension Protection Fund issues guidance for schemes on reconciling GMP benefits download
Pension schemes are required to ensure the data they hold is accurate. For schemes that enter into a PPF assessment period, there is a need to ensure this comes into sharp focus.
PPF update: the Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 download
New regulations make a number of changes to the detail and administration of the compensation that the Pension Protection Fund provides.
The Deputy Pensions Ombudsman has held that the trustees of a pension scheme should pay £1,400 as compensation.
This case is notable for the possibly ‘softer’ than usual approach taken by the Ombudsman in relation to it.
Perhaps the poorest of the poor relations in the litany of obligations on trustees and other pension providers is the regulation of the provision of information.
On 9 May 2013, the Supreme Court published its judgment in the combined cases of Pitt v HMRC and Futter v HMRC.
Pension liberation schemes typically offer cash incentives to members to transfer their pension savings to a scheme from where a cash lump sum is ‘unlocked’ and paid to the member.
Olympic Airlines was put into special liquidation in Greece on 2 October 2009. It had carried on business in England. It employed about 27 people and operated a pension scheme.
This issue of snapSHot summarises some of the key legal and regulatory developments that occurred during May in relation to occupational pension schemes.
The most radical change to the law relating to workplace pensions in a generation is coming into force between October 2012 and April 2017.
Pensions Update — June 2013 download
The June 2013 issue of Nabarro’s Pension Update publication is available now.
Taylor Wessing has advised Electra Partners on the acquisition of mixing console manufacturer Allen & Heath from D&M Holdings.
Local government pension schemes need to be mindful of the legal framework governing what and how they can invest.
Walker Morris has advised Cott Developments on its acquisition of Calypso Soft Drinks.
OTC barristers Richard Hitchcock and Farhaz Khan have acted for Garvin Trustees, the trustee of the Desmond & Sons 1975 Pension and Life Assurance Scheme.
Nabarro’s pensions team has announced the publication of the 11th edition of its Pensions Law Handbook.
HMRC is consulting on a new form of tax protection: Individual Protection 2014 (IP14).
Walker Morris’s legislation tracker sets out employment law changes in chronological order.
DLA Piper has announced the appointment of David Farmer to the pensions team, which forms part of the employment group in London.
The Pensions Regulator has published final versions of its new codes of practice on monitoring money purchase pension contributions and reporting late payments.
Walker Morris has been appointed to the West Yorkshire Legal Services Framework.
Yorkshire firm Gordons has announced the launch of a pensions team with the hire of Eversheds’ Leeds pensions head Terry Saeedi.
The trustees of the NSPCC’s defined benefit scheme have secured the pensions of the scheme’s existing pensioners.
Pensions Update — May 2013 download
Nabarro has released its Pensions Update for May 2013.
Olswang has strengthened its pensions team with the hire of Lawrence Graham partner Ron Burgess.
On 9 May 2013, the Supreme Court gave judgment in the cases of Futter and another v HMRC and Pitt and another v HMRC.
This year’s Queen’s Speech was as noteworthy for what it did not contain as its contents. The legislative themes are controlling immigration and promoting growth.
The May 2013 issue of Pensions Priorities is available now. It provides a summary of some key developments in the pensions arena in recent months.
Final-salary liabilities for past and future service can often be reduced — it is just a case of knowing how to go about it and understanding how to manage the trustees’ concerns.
The TUC, Unison and UNITE have formed the Trade Union Share Owners group.
Pensions update — April 2013 download
Nabarro has launched the April 2013 edition of Pensions Update.
On 19 March 2013, the Office for National Statistics published two new price indices (RPIJ and CPIH) and de-designated RPI as a national statistic.
The Pension Protection Fund (PPF) is gearing up to unveil its new-look legal panel following a delayed process to shrink its 27-firm roster.
Conyers Dill & Pearman has represented SeaCube Container Leasing in connection with the acquisition of SeaCube by Ontario Teachers’ Pension Plan by way of amalgamation.
Hogan Lovells has advised the trustees of the Kodak Pension Plan on a comprehensive settlement of its claims against the Eastman Kodak Company.
Appleby has announced the promotion of three lawyers to the partnership and the appointment of five lawyers to the position of counsel.
The Mills & Reeve employment team understands the challenges that face the education sector; from advice on pensions and redundancy, to tribunals and strikes.
Management services provided to a fund in which the assets of defined-benefit pension schemes are pooled for investment purposes are not exempt from VAT.
Field Fisher Waterhouse (FFW) senior partner Matthew Lohn and Old Square Chambers’ Jennifer Eady QC have been appointed to the Pensions Regulator’s determinations panel.
Pensions update — March 2013 download
Nabarro has released its pensions update for March 2013.
In March 2012, the Federal Government enacted the Superannuation Guarantee (Administration) Amendment Act 2012.
Pensions auto-enrolment is about to hit medium-size businesses. Employers are clamouring for advice - as are the law firms themselves
Young, dynamic industries such as the technology sector have perhaps felt rather smug that they are not embroiled in the complexities that surround pension provision.
Shoosmiths has reached 100 employees at its Manchester office.
Pensions News — February 2013 download
The latest developments in pensions legislation.
The Marriage (Same Sex Couples) Bill, which received its second reading in the House of Commons on 5 February 2013, legislation does not grant same-sex married couples equal pension rights to male-female married couples.
A government white paper details its plans for reforming the state pension into a ‘single-tier’ system for future pensioners.
On 18 February 2013, the government published a consultation on draft regulations aimed at consolidating and harmonising pensions disclosure requirements.
The Pensions Regulator has issued a consultation on a new code of practice, regulatory guidance and regulatory approach relating to the governance of DC occupational pension schemes.
The Pensions Regulator, with other agencies, has launched a campaign against pension ‘liberation’ scams.
Two recent decisions highlight the importance of ensuring that adequate information is obtained from and provided to the registered medical practitioner when considering an application for an ill-health early-retirement pension.
An Employment Tribunal has held that a provision of the Equality Act 2010 that allows benefits for civil partners to be limited to benefits attributable to service from 5 December 2005 is contrary to EU law that prohibits discrimination on grounds of sexual orientation.
A court has held that a requirement under the Local Government Pension Scheme in Northern Ireland requiring the deceased member to have completed a nomination form in order for a survivor’s pension to be paid to his unmarried partner was a breach of the ECHR.
Pensions update — March 2013 download
Addleshaw Goddard has released its pensions update for March 2013.
Taylor Wessing partners write Pensions and Corporate Insolvency: A Practitioner’s Guide.
According to the Pensions Regulator, pension liberation fraud is on the increase.
Pensions update — February 2013 download
Nabarro has released its pensions update for February 2013.
This determination demonstrates the difficulties involved for employers in ill-health applications.
Our Employment Law, Pensions and Benefits practice advises domestic and international institutional clients, originating in large part from the banking sector, on a range of day-to-day issues.
Four of Ireland’s largest firms have taken roles on the €1.3bn (£1.1bn) sale of Irish state-owned pensions company Irish Life to Canada’s Great-West Lifeco.
Order for ‘serial rectification’ of pension deeds is a practical lesson for employers and trustees.
Walker Morris has advised Capita on the pensions aspect of Northgate Managed Services acquisition.
MOLITOR provides advice and assistance to employers in industrial disputes, staff representative elections and collective dismissals.
The government will begin consulting on proposals to simplify the pensions auto-enrolment process in March 2013.
National law firm Shoosmiths has appointed partner Tracey Hemingway to its pensions team, together with documentation specialist Steve Phillips.
Clients call upon King & Wood Mallesons for all aspects of their tax and superannuation requirements.
Our specialists can provide expert advice on every aspect of pensions.
Our Employment, Pensions and Benefits team advises on all aspects of employment and pensions law and employee incentive arrangements.
Our employment and pensions practice understands that employment and pension issues are often the most delicate and important a company has to face.
Our pensions team, which is ranked in the top tier for pensions in the south east (Legal 500, 2011–12) offers a specialist practice combining high-quality advice and support with competitive fees.
Employers have an ongoing need for advice, representation and in-depth knowledge of employment, reward and civil rights matters. The assessment and management of risk arising from the employment relationship is a key requirement for all organisations, wherever they are based or operate from.
The Pension Protection Fund (PPF) has published its Levy Estimate for the 2013/14 levy year.
The employment and pensions teams at Walker Morris work closely together to provide a complete service for clients.
The OFT has launched a market study to examine whether the UK defined-contribution workplace pension schemes deliver the best value for money for savers.
As part of its reform of the state pension system, the Government has announced that contracting-out will be abolished, probably from 2017.
Employment and pensions legal update — Seldon: the end of the road for compulsory retirement age? download
The long awaited decision from the Supreme Court in the case of Seldon v Clarkson Wright and Jakes has resulted in Mr Seldon (a partner in the law firm, CWJ, forced to retire at 65) losing his appeal.
A voluntary “Code of Good Practice” on Incentive Exercises (the “Code”) has been published by a Working Group drawn from organisations across the pensions industry.
September 2012: Pensions update download
An overview of issues facing the pensions sector, covering public sector pension reforms and data protection issues.
November 2012: Pensions update download
An overview of issues facing the pensions sector, with attention to recent government reforms.
July 2012: Pensions update download
An overview of issues facing the pensions sector, covering automatic enrolment and age related factors in financial services.
December 2012: Pensions update download
An overview of legal issues facing the pensions sector in the new year.
IBM trustee success in rectification claim: active members entitled to an unreduced early retirement pension download
In a case brought by the trustee of the IBM Pension Plan (advised by Nabarro partners Jennifer Bell and Neal Gibson) the High Court has ruled that the scheme documents should be rectified to confirm that active members have a right to retire without employer consent from age 60.
May 2012: Pensions update download
Analysis of recent developments in the pensions sector, including the High Court judgment on the BBC’s pensionable salary cap and age discrimination law.
In the pensions industry, 2012 is the year of automatic enrolment, the impact of very low gilt yields on deficits, Europe imposing sex equal annuity rates and the early stages of defined aspiration as a new type of pensions saving.
This Alert summarises recent rulings interpreting when private equity funds could have exposure for the qualified pension liabilities of a portfolio company.
Recent announcements by Business Secretary Vince Cable suggest that major employment reforms aimed at encouraging businesses to hire again might be implemented soon.
From October 2012, the new UK pensions auto-enrolment regime will start to apply to the largest employers in the UK, being employers with 120,000 or more “eligible jobholders”.
The UK Government will be liable for the pensions of 8,000 part-time judges following a ruling in the Court of Justice in Luxembourg (CJEU) yesterday (1 March).
A major pensions dispute for the Port of Tyne Authority has been dropped just hours before the legal fallout over the PNPF Trust Company litigation was due to be heard by the Court of Appeal.
Osborne Clarke has hired CMS Cameron McKenna pensions partner Keith Webster for its Bristol practice.
The Court of Appeal (CoA) has dismissed an appeal by Nortel and Lehman Brothers International (Europe) against the Pensions Regulator over obligations to members of their respective pension schemes.
Cost-cutting measures see PPF’s legal roster touted to Government watchdogs for same fees
The Department of Work and Pensions (DWP) is set to redraft pensions legislation after defeat in a key pensions case in the Supreme Court this morning.
Herbert Smith, CMS Cameron McKenna, Linklaters and Stephenson Harwood all landed roles on TUI Travel’s cost-cutting pension schemes revamp.
Raquel Agnello QC and Thomas Robinson report on the implications of a ruling that helps to clarify the relationship between the Upper Tribunal and the Pensions Regulator
?Stephanie Biggs and Lisa Cawley ask whether the proposed shake-up of financial regulation in the UK is really as dramatic as it seems
Clifford Chance has named Chris Davies as head of its City tax, pensions and employment (TPE).
Macfarlanes and Sacker & Partners have advised on a pensions deal that has seen record company EMI agree to pay almost £200m into its pension scheme.
Baker & McKenzie, Hammonds and Herbert Smith have worked on a pensions deal that has seen Alliance Boots offload the liabilities on the smaller of its two pension schemes to insurer Pensions Insurance Corporation (PIC).
Pensions boutique Sacker & Partners posted a strong set of financials for the last reporting year, although the firm expects its profits for the current year to be hit by an impending move to new premises.
Linklaters and Slaughter and May and have advised on an innovative deal that will see drinks company Diageo use maturing whisky to help plug its £862m pension deficit.
A Brick Court Chambers barrister has successfully appealed an earlier decision which found that a male-to-female transsexual should not receive a pension from the age of 60.
Eversheds and Linklaters have advised on a crucial pension recovery agreement between British Airways (BA) and its two final salary pension funds that should clear the way for the airline’s merger with Iberia.
When a trustee is aware of all beneficiaries and creditors, matters of trust can be plain sailing. Fenner Moeran looks at what happens when things don’t go according to plan
Allen & Overy (A&O), Eversheds and Lovells are advising on the pension issues thrown up by the recent demerger of Cable & Wireless Worldwide from the Cable & Wireless Group.
Speechly Bircham has grown its pensions practice with the hire of Wedlake Bell partner Jane Wolstenholme - the firm’s sixth lateral partner appointment in the past six months.
Advisers bet on hedging as trustees, employers go all-out to cut risk. By Margaret Taylor
Barlow Lyde & Gilbert (BLG), LG and Norton Rose have won roles on the transfer of £3bn of pension liabilities from BMW’s pension scheme to Abbey Life Assurance Company.
Herbert Smith has bolstered its pensions practice with the hire of a partner from Freshfields Bruckhaus Deringer.
Berwin Leighton Paisner (BLP) is advising the administrators of the Reader’s Digest Association (RDA), with the company going into administration after failing to reach an agreement over the funding of its pension scheme.
Field Fisher Waterhouse (FFW) has picked up the position as sole adviser on employment and HR issues for the Department for Work and Pensions (DWP).
Lovells has been drafted in by Pearl Group to advise on the £4.5bn restructuring of subsidiary Phoenix & London Assurance Limited’s (Palal) with-profits fund.
?Changes to the Pensions Act aim to remove some of the penalties employers face when exiting pension schemes. Jay Doraisamy and Ewan Nelson report
As the global financial situation improves, so too is interest in trust-based structures in the Gulf region. By Paul Perris
The Department for Work and Pensions (DWP) is looking for a single firm to advise it on employment and HR issues.
A trio of UK firms has scored lead roles on the buyout of three Denso Manufacturing Midlands (DMML) pension schemes.
Pensions body the personal accounts delivery authority (PADA) has named a former Freshfields Bruckhaus Deringer partner as its general counsel.
Eversheds pensions head Anthony Arter has been named as the firm’s next London senior partner.
Pinsent Masons has advised the trustee of one of Babcock International Group’s pension schemes, the Devonport Royal Dockyard Pension Scheme, on a longevity swap.
DWF HAS bolstered its pensions practice after hiring a three-strong team from Newcastle-based Dickinson Dees.
Welter of litigation predicted as pension trustees eye legal actions over alleged bad advice in the 1990s
Many companies have been tempted to ease their financial woes by delisting from AIM. But this is not a decision to be taken lightly, say Claire Clarke and Stephen Hamilton
Employers are keen to find ways of keeping pension liabilities in check as the recession continues to bite. By David Saunders