Pensions

Pensions are seen by many as the most significant employee benefit aside from salary. Our Pensions team advises on all aspects of pensions law and will guide you through the maze of pension, social security, tax, employment legislation and frequent judicial decisions and European developments.

    • Pensions GMP Equalisation: Another significant ruling for trustees The High Court in England and Wales has ruled that trustees are required to remedy certain past transfers out of defined benefit schemes which did not account for the equalisation of guaranteed minimum pensions (“GMPs”) (Lloyds Banking Group Pensions Trustees Ltd v Lloyds Bank PLC & Ors [2020] EWCh 3135 (Ch)). It is a decision that is likely to cause administrative headaches for the trustees of affected schemes for months – or years – to come.
    • Pensions BHS and Arcadia Schemes: Greater scrutiny of corporate activity on the horizon As the pensions industry digests the re-introduced Pension Schemes Bill and eagerly awaits The Pensions Regulator’s (TPR) new funding code, TPR has published details of two cases which aptly demonstrate the direction of travel of its intervention and enforcement work – both of which indirectly involve the retail tycoon Sir Philip Green.
    • Pensions MacRoberts' James Keith promoted to Partner MacRoberts is delighted to announce the promotion of Pensions lawyer James Keith to Partner.
    • Pensions Trustee imprisoned after fraudulently moving £290,000 from company pension scheme An accountant has been sentenced to 39 months in prison, after pleading guilty to a range of offences relating to his company’s pension arrangement.
    • Pensions On a Journey: Regulator publishes its annual funding statement The Pensions Regulator (TPR) has published its Annual Funding Statement (AFS) for 2019, setting out its expectations of the trustees of defined benefit (DB) pension schemes and their sponsoring employers on scheme valuation matters.

Pensions Law at MacRoberts

MacRoberts' Pensions team works with clients across private, public and not-for-profit sectors, advising on all aspects of pensions law and helping businesses navigate the complex maze of legislation.

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