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Results: 1-10 of 46

Forcing payment from trustees as a result of a misrepresentation

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • October 7 2010

In our e-bulletin of 27 August 2010, we looked at estoppel based on a change of position as a defence to a trustee claim for over-payment to a scheme member

Pensions Regulator issues first contribution notice

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • July 1 2010

On 29 June the Pensions Regulator's Determinations Panel (the Panel) announced that it has imposed a contribution notice under the Pensions Act 2004

CIS investments now count towards the 5 threshold for employer-related investments

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • September 30 2010

As noted in our bulletin earlier this month, changes to regulations which affect employer-related investments and employer-related loans took effect from 23 September 2010

Court of Appeal upholds “no detriment” guarantee against subsequent employer

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • December 3 2010

In Robert Whitney v Monster Worldwide Limited, the Court of Appeal upheld an earlier decision by the High Court that "no detriment" assurances given to an employee by a previous employer following closure of its final salary scheme amounted to a binding guarantee that could be enforced even against a subsequent employer

Overpayments of benefits: when can a beneficiary keep the overpayment?

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • August 27 2010

In a perfect world, pension scheme trustees would always pay the correct amount of benefit to the correct beneficiary at the correct time

DWP publishes final-form section 75 debt regulations: some helpful changes relating to new easements but certain useful technical amendments have been removed

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 17 2010

On 15 March the Department for Work and Pensions (DWP) published its response to its consultation on amendments to the so-called "section 75 debt" regime, alongside the final-form amending regulations themselves

PPF publishes its first newsletter: topical issues for schemes in PPF assessment periods

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 17 2010

In February, the Pension Protection Fund (PPF) published its first edition of Technical News, intended to provide practical guidance on topical issues to schemes in PPF assessment periods

Normal minimum pension age set to increase: implications for schemes

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 17 2010

With effect from 6 April 2010, the earliest age at which any individual will be able to take their pension from a registered pension scheme (except in cases of ill-health) will be increased from age 50 to age 55

Pensions Regulator consults on revised winding-up guidance

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 17 2010

On 5 February 2010, the Pensions Regulator published a consultation paper containing revised guidance on avoiding delays when winding-up schemes

Court of Appeal considers the meaning of "money purchase benefits" in Bridge Trustees v Yates

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 17 2010

In Houldsworth v Bridge Trustees and the Department for Work and Pensions (the appeal stage of Bridge Trustees v Yates), the Court of Appeal had to consider whether certain unusual benefits should be classified as money purchase benefits on a winding-up