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Pensions Regulator v Van de Wiele
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The Pensions Regulator has settled its dispute with Van de Wiele ("VdeW") in relation to the Bonas Group Pension Scheme


Ill health pension conflicting medical
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The Deputy Pensions Ombudsman has held that when considering an application for an ill health pension, although the decision made could prefer one doctors opinion over another it should have considered critically the advice it received and decide whether it could reasonably be relied on or whether further probing was needed


Pension Protection Fund: 201112 levy policy statement
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The PPF has published its pension protection levy policy statement for 201112 confirming that: the Board aims to collect an overall levy of £600m


HMRC: annuitisation
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The obligation to purchase an annuity by age 75 (now extended to 77) has been removed with effect from 6 April 2011


Stakeholder schemes
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The stakeholder designation requirement will be abolished when personal accounts have effect


Pensions Regulator: corporate plan
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The Pensions Regulator has issued its corporate plan, setting out its priorities for 2011 to 14, split into 5 strategic themes


Pension Protection Fund: treatment of closed schemes
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The PPF has issued guidance for trustees of closed schemes (schemes that are more than 100 funded on the PPF basis and are so ineligible for PPF entry but which cannot arrange a bulk buyout on winding up


HMRC: reduction of annual allowance - payment from schemes
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

HMRC has issued a response following consultation on proposals to allow members subject to an annual allowance charge to pay the charge direct from their pension benefits


Failure to act on investment instruction was
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

The scheme administrators of a small self administered scheme failed to act on an investment instruction, instead filing the instruction, the delay in carrying out the instruction caused a loss scheme


HMRC: transfers
  • Hogan Lovells
  • United Kingdom
  • July 4 2011

Regulations will remove the unauthorised payments charge on transfers of a scheme pension in payment, lifetime annuity, short term annuity or assets underpinning an unsecured pension in respect of an individual aged 50 to 55