Insights
Pension news and opinions from our professional trustees
Brexit and pensions: predictably unpredictable
It was back in March 2017 that the UK government triggered Article 50 to begin the country’s withdrawal from the EU. The withdrawal was originally scheduled in law to occur on 29 March 2019. We are all well aware of the key events that have unfolded since the original withdrawal date. Acrimony, the polarisation...
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Recent Articles
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Pension Schemes Bill
Here is your ‘bill’, sir A few days after its publication, but before its second reading in the House of Lords on 28 January, the impact assessments for the Pension Schemes Bill 2019-2020 have been published. Whilst quite lengthy, the assessments are worth a read because, in addition to providing assumptions... Read More
24 January, 2020 -
Indexation: importance of scheme-specific provisions
A recent Pensions Ombudsman determination (Mr S, PO-21607) provides a timely reminder that, when considering the measure of price inflation to use for increasing pensions, the exact wording of the scheme rules and the process followed prior to any change are, for the time being, paramount. The scheme rules in this... Read More
23 January, 2020 -
British Steel Final Determinations
The Pensions Ombudsman has published the final determinations in the four lead British Steel cases concerning maladministration in relation to member communications and information. In this briefing, we provide a summary and highlight some lessons for trustees. Background During a period of uncertainty regarding the future of the Old British Steel Pension... Read More
17 January, 2020 -
And, breathe …
At the end of a tumultuous year for Britain’s relationship with the rest of Europe, it seems appropriate that the European Court of Justice (CJEU) had the last word on 19 December, when it gave its judgement on a number of questions raised in the Bauer case. Of most interest... Read More
16 January, 2020
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