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Pension schemes as super-creditors: Court of Appeal rules in Nortel and Lehman Brothers
- Nabarro LLP
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- United Kingdom
- -
- November 29 2011
This appeal was brought by the insolvency practitioners dealing with the Nortel and Lehman Brothers companies
Pensions Act 2011
- Nabarro LLP
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- United Kingdom
- -
- November 29 2011
The Pensions Act 2011 received Royal Assent on 3 November
Hybrid schemes: new statement from the Regulator
- Nabarro LLP
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- United Kingdom
- -
- November 29 2011
The Regulator has published a statement on hybrid schemes, “Understanding and managing your hybrid scheme”
Reduction in Lifetime Allowance: HMRC guidance on applying for fixed protection
- Nabarro LLP
- -
- United Kingdom
- -
- November 29 2011
The Lifetime Allowance is to be reduced from £1.8m to £1.5m on 6 April 2012
Incomplete scheme amendment: High Court offers a lifeline
- Nabarro LLP
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- United Kingdom
- -
- November 29 2011
There have been a number of recent cases where the courts have been very strict in requiring trustees and employers to follow the procedural requirements of the scheme’s amendment power to the letter
Identifying the statutory employer: not as simple as it may seem
- Nabarro LLP
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- USA
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- October 21 2011
From 1 November 2011 trustees are required to list each of their scheme’s “statutory employers” on the information provided to the Pensions Regulator in the scheme return previously only current participating employers had to be identified
VAT recovery: the wheels case rolls on
- Nabarro LLP
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- United Kingdom
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- September 28 2011
This long-running case was commenced in 2008 by the NAPF and the Wheels Common Investment Fund (which holds £8bn in assets for the Ford, Jaguar and Land Rover schemes) against HMRC for recovery of VAT paid by occupational pension schemes on third-party investment management fees
Drawdown: guidance for scheme administrators on assessing the MIR
- Nabarro LLP
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- United Kingdom
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- September 28 2011
Scheme members wishing to take advantage of the new flexible drawdown arrangements, which allow members to delay securing a pension beyond age 75, need to demonstrate to the Scheme Administrator (usually the trustees) that they have a minimum annual income of at least £20,000 referred to as the Minimum Income Requirement (MIR
Incorrect information: Ombudsman makes an award for lost earnings
- Nabarro LLP
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- United Kingdom
- -
- September 28 2011
In the majority of cases where incorrect benefit information has been provided by trustees or administrators both the courts and the Pensions Ombudsman conclude that the individual is entitled only to the benefits actually promised under the rules of the scheme (with the Ombudsman making a nominal award for distress and inconvenience
The end of DC contracting-out: further guidance from HMRC
- Nabarro LLP
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- United Kingdom
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- September 28 2011
HMRC has issued its fourth Countdown Bulletin in the run-up to the abolition of DC contracting-out next April
Current Search
- Firm Name - Nabarro LLP
- Author - Susan Jones
- Workarea - Employee Benefits & Pensions