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6 April 2015 brought in a range of new options for members with defined contribution pension savings.
Pension scheme rules should be reviewed, as amendments are likely to be required.
Charges and governance in pension schemes and particularly in workplace pension schemes have been the subject of debate and scrutiny in recent years.
The Pension Schemes Act 2015 amends the statutory rights to transfers from occupational pension schemes so that members will have a statutory right to a partial transfer value.
In the 2014 Budget it was announced that members with defined contribution pension savings would no longer be required to buy an annuity on retirement.
The long-awaited judgment on remedies in the case of IBM United Kingdom Holdings Ltd and another v Dalgleish and others has now been handed down.
The case of Webber v Department for Education has finally been decided.
Shoosmiths has advised Consilia Investments on its co-investment with members of the target’s management, into a newco and the company’s subsequent acquisition of Allied Textiles from Chamonix Private Equity.
Buyer beware! Business purchases present numerous traps for the unwary particularly in terms of the employment liabilities that may be transferred.
The Pension Protection Fund has published its appendix and guidance on valuing and certifying ABCs for levy purposes.
This update looks at employer insolvency risk, last-man-standing schemes and contingent assets, following the publication of the Pension Protection Fund’s Levy Estimate for the 2015–16 levy year.
Shoosmiths has advised Eriks on the disposal of Revolvo Ltd to US corporate The Timken Company.
The Small Business, Enterprise and Employment Bill is currently going through parliament.
Shoosmiths has expanded its real-estate offering in Edinburgh with the hire of an established senior associate. Sheelagh Cooley joins from Anderson Strathern.
Arcadia Group Ltd v Arcadia Group Pension Trust Ltd: RPI/CPI and the power to select an alternative index
This update looks at the issues in the case, and the considerations for schemes that may now have more flexibility to switch in the light of this decision.
Shoosmiths has announced the appointment of two partners who will be based at the firm’s Birmingham office: Karen Featherstone and David Adams.
Under the provisions of the Marriage (Same Sex Couples) Act 2013, the government was required to conduct a review of survivors’ benefits in occupational pension schemes.
The ruling in the Clyde & Co LLP case means that members of LLPs have certain quasi-employment protections and may need to be automatically enrolled into a pension scheme.
The Pensions Act 2014 received royal assent on 14 May 2014, introducing important changes to the regulations for pensions.
This article explores some key issues that employers participating in public service pension schemes should be aware of.