Tag Archives: pensions
The EAT in University of Sunderland v Drossou has decided that, contrary to previous practice, employer pension contributions should be included in the calculation of a week’s pay. This will increase the value of awards, in particular where the full … Continue reading
On 3 May 2017, the Spanish Supreme Court (the “Supreme Court”) issued a judgment in which it declared that employer’s contributions to (i) medical insurance policies; (ii) life insurance policies; and (iii) pension plans, should be treated in the same way … Continue reading
Employers may need to review their salary sacrifice policies as from 1 July 2017 due to changes to the superannuation rules. The most significant change is that, from 1 July 2017, employees will be able to make personal superannuation contributions … Continue reading
The last few months saw legislative progress in two areas: temporary agency work and company pensions.
The High Court has held that an employer breached its duty of good faith to its pension scheme members by proposing changes that ‘confounded’ their reasonable expectations that their benefit accrual would continue in the future except in certain circumstances.
UK: Changes to benefits – trust and confidence breached by changes contrary to reasonable expectation
A recent pensions case has highlighted the risks inherent when communicating with employees about benefit changes. Assurances given may create ‘reasonable expectations’ that there will be no further changes (absent exceptional circumstances), so that subsequent changes then amount to a … Continue reading
Employers with occupational pension schemes may need to consider amendments to scheme rules in light of the Marriage (Same-Sex Couples) Act 2013, key provisions of which are due to come into force on 13 March 2014. The Act will allow … Continue reading
The Federal National Council (FNC) has called for widespread reform to retirement and pension laws in an effort to encourage more Emiratis to work in the private sector. The FNC’s proposed changes to the pension system include: permitting Emirati owners … Continue reading
On 7 June 2013, a committee of experts appointed by the Spanish government was asked to prepare a report on the “sustainability factor” of the social security system. The report was commissioned pursuant to Act 27/2011 regarding the modernisation and … Continue reading