DWP’s self-imposed deadline for a review of the 2021 transfer conditions regulations has passed and their report could be published any day now. In readiness for this, we’ve set out our thoughts as to how the new regime has been...
Describe the qualities commonly associated with being a lawyer. I bet “caring” isn’t one of them. Now think of the questions you imagine a lawyer is likely to ask. “How are you feeling?” won’t be on the...
Many pension schemes have recently experienced substantial reductions in their funding deficits, which means schemes are looking to secure some or all of their liabilities with insurers. From an employer perspective, the decrease in the...
The key to all good sagas is a little longevity. A fast start, plenty of meandering and then a crescendo finish. Something like that, anyway. Take the new DB funding regime. The idea of tougher standards was catapulted into pensions...
It’s been hard to miss that pensions was a key area in the Spring Budget, but in all the excitement, it can be easy to lose track of exactly what’s changing. So here is a quick recap of those changes, along with a reminder of...
Like many pensions lawyers, I have spent much of my career talking about underfunded defined benefit schemes – section 75 debts, recovery plans, deficit reduction contributions, covenant, contingent assets, PPF entry, journey...
While I very much doubt that Jeremy Hunt considered the impact of abolishing the LTA on GMP equalisation and conversion, the ramifications of the recent Budget announcement could be fairly significant for GMP equalisation exercises and...
If there are two things we know to be complicated; they are pensions and relationships. The marriage rate is falling. Divorce is on the rise. People are living longer lives (and spending a greater proportion of those lives living with...
Being a trustee is hard. And it’s getting harder. So it’s more important than ever to find the right people for the job in terms of skills, experience, motivation and commitment. However, unless they bite the bullet and move to a sole...
For scientists and science fiction fans out there, the idea of portals brings amazing possibilities of exploration of space and time. Although not quite so out of this world, pensions member portals are now starting to revolutionise the...
