Only trustees of large pension schemes tend to have dedicated resources at their disposal – perhaps they even have a pensions manager and their own staff at their disposal.
For most pension scheme trustees however the norm is outsourced secretar…
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The old adage is that the customer is always right. However in the real world this is not always true and frequently, through no fault of the pension member, they find out that they are not entitled to the pension that they had been told and…
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A recent case in an Employment Tribunal has now raised the prospect of an increase in pension scheme liabilities in respect of pension rights for civil partners.
The case was brought by Liberty on behalf of John Walker a member of the Innospec Pen…
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Former Prime Minister David Lloyd George, who led the war-time coalition Government during the First World War, is reputed to have said “This war, like the next war, is the war to end war”. This came to mind a couple of weeks ago when the State…
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It would appear that the Mayans were in fact pension commentators; their calculations were not exact, just close enough for actuaries. The end they foretold however was of contracting-out; not life, the universe and everything. Although, having…
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A recent decision in the High Court of Northern Ireland has highlighted once more that Pension scheme rules can quickly be overtaken by the ever changing legislative landscape and that just because the scheme rules say one thing doesn’t always mean…
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Decisions to be made; meetings to attend; advisors to review; returns to be completed; a year in the life of a Trustee is never dull but always challenging.
2012 has been no different and if anything the pace has somewhat increased.
Highlights …
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£2-3 billion is purportedly the money DB members could be losing in poor cash commutation terms according to industry commentators.
There are many question that members can consider when deciding whether to forego pension for cash. It is possibl…
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We’re delighted to have experienced pensions specialist, Michael Jones, provide his take on some of the issues Trustees are facing in the current climate.
It is probably fair to say that trusteeship has never been harder. The ever-increasing …
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Would you like to retire soon? Are you over age 55? If the answer to both these questions is Yes, then read on. If not, then you should read on anyway, because this is quite interesting (in pension terms; it's all relative).
New rules to be …
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