Pensions
FCA goes to court to protect scheme member outcomes
The UK Financial Conduct Authority (FCA) has succeeded in its claim against Avacade Limited and others for providing pensions investment advice without the correct permissions.
Pensions Regulator outlines rules for superfunds; Bank of England has concerns
Back to business as usual for the Pensions Regulator?
The UK Pensions Regulator has announced an update to its approach in relation to regulatory easements. Trustees and employers are now expected to be in a better position to assess the longer term impact of Covid-19 on their businesses and schemes.
COVID-19 causes yet another delay for pensions dashboards
Last month, the Money and Pensions Service published three papers providing an update on the pensions dashboards programme. These papers should provide a useful framework for future discussions.
Supreme Court considers "unfavourable" treatment in relation to disability discrimination
The Supreme Court has found that calculating an employee’s pension entitlement based on the employee’s part-time salary (where the employee […]
UK gender pension gap at almost 40 per cent
Many inches have been written on the UK’s gender pay gap in the past year, including on this blog. However, […]
Supreme Court hears Barnardo's RPI/CPI Appeal
Dentons' Reward team are advising the Representative Beneficiaries of the Barnardo's Staff Pension Scheme ("the Scheme") in an application to the Supreme Court to decide whether the Scheme rules permit a switch from RPI to CPI for revaluation or indexation of pension payments.
People, Reward and Mobility – Annual update and diversity review – May 2018
The People, Reward and Mobility team are pleased to invite you to our annual update seminar. Designed to bring you up […]
Pensions Regulator consults on master trust authorisation regime
Master Trusts are a popular way for employers to meet their auto-enrolment obligations. They are basically pension schemes providing money purchase benefits to non-associated employers. The process for signing up is usually simple with standardised documents for new joiners, although they can need a brief legal check and explanation given that they are trust deeds so you should know what you're agreeing to. Master Trusts follow a 'pensions as a service' model, like a group personal pension, but are regulated as an occupational pension scheme rather than a personal pension as they are trust based.
Improving the Pensions Regulator– Increase Powers or Increase Resource?
Recent high profile insolvencies (e.g. Carillion and BHS) have seen widespread criticism of the Pensions Regulator ("TPR"). It stands charged with failure to use its intervention powers despite being aware of companies prioritising dividends over deficit recovery contributions, despite trustees urging it to intervene. By the time TPR took action it was too late.
Don't forget to sign up to our May 2018 annual update and diversity seminar
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