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Results: 1-10 of 92

Pensions Bill 2011

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • January 13 2011

The Government has today published the Pensions Bill 2011

HM Treasury publishes draft Finance Bill 2011

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • December 9 2010

HM Treasury has today (9 December 2010) published draft legislation released as part of the Finance Bill 2011, which confirms the Government's intended approach on a number of key issues

Court of Appeal publishes judgment in IMG v German

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • December 8 2010

Following its decision in IMG v German in June 2010, the Court of Appeal published its full judgment on 1 December 2010

Regulator issues statement on employer-related investments: focus on asset-backed funding structures

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

On 10 November, the Pensions Regulator published a statement on employer-related investments (ERIs) aimed at trustees, employers and their advisers

DWP to consult on that legislation on RPICPI

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

In previous bulletins we have outlined the Government's proposals to allow private sector pension schemes to switch from using the Retail Prices Index (RPI) to the (usually lower) Consumer Prices Index (CPI) as the measure of inflation for the purposes of revaluing pensions in deferment and increasing pensions in payment

ECJ: occupational pension schemes for local authority employees are subject to the EU public procurement directives (15 July 2010, C-27108)

  • Herbert Smith Freehills LLP
  • -
  • European Union, Germany
  • -
  • December 3 2010

Under German law, employers are obliged to grant employees the possibility of converting part of their gross salary into pension savings

New disclosure regulations came into force on 1 December 2010

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

New regulations (the Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations (SI 20102659)) have amended the disclosure requirements applicable to all pension schemes with effect from 1 December 2010

PPF administration and general levies to remain unchanged

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

In a written Parliamentary statement, the Government has confirmed that both the Pension Protection Fund (PPF) administration levy and the general levy will not be increased in the financial year 201112

The issue: difficulties in changing a scheme’s PIP and problems with information requirements under the government’s tax proposals

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

Administrative complications may arise where a scheme's "scheme year" (used, for example, to determine pensionable salary) and the tax year are out of sync with their PIP

Ombudsman holds that failing to highlight a key assumption in a benefit quotation can constitute maladministration

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

In Mellodey, a member complained that that the trustees of the Kodak Pension Plan gave him incorrect information regarding his benefits, on which he relied to his detriment, both at the point he left service (in 1989) and subsequently (in 2005, just prior to retirement

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