The Month in Pensions - Gowling WLG

Jul 27, 2017

Key points

• Independent trustee of pension scheme may be appointed
• Other trustees' discretionary powers fall away
• Employer as sole trustee ceases to act
• Employer debt: Section 75 Pensions Act 1995 and Occupational Pension Scheme (Employer Debt) Regulations 2005 may apply
• Scheme may qualify for entry to Pension...

Jul 25, 2017

Key Points

• Options range from amending benefits to sophisticated investments
• The employer needs to consider its duty of good faith
• RPI/CPI

You can find this episode and the accompanying transcript on our website: https://gowlg.co/3KYxFq5

Gowling WLG is an international full-service law firm working across a range of...

Jul 20, 2017

Key points

• There are circumstances in which a defined benefit pension scheme may have a funding surplus.
• Refund of surplus to an employer is permitted if certain requirements are met, which differ depending on whether the scheme is ongoing or in wind-up. The requirements include:

Jul 18, 2017

Key Points

• There are no statutory restrictions on membership of a UK pension scheme by persons who do not live or work in the United Kingdom.
• Restrictions on benefits accrued or provided under a registered pension scheme may be relaxed where a member does not benefit from UK tax relief because he or she is a "relevant...

Jul 13, 2017

Key Points

• Contingent assets are additional employer or group assets that trustees can access on the happening of a specific event or events
• Examples of contingent assets are guarantees, charges and letters of credit
• Contingent assets may be used to give increased flexibility in terms of the approach taken to scheme...