Recent tax decision may open AE opt-out can of worms

In a recent decision, the First-tier Tax Tribunal has ruled that an individual still had a statutory right to opt-out of their employer’s automatic enrolment scheme several months after he was enrolled on the basis that the enrolment information provided to him was incorrect. While this was helpful for the individual in this case, as … Read more

Pensions Planner – June 2022

Here is the latest edition of our Pensions Planner, which will help you identify the key pension issues your scheme or organisation needs to address in the coming months. The latest edition covers: what schemes need to do to prepare for pension dashboards the impact of the new Consumer Duty the latest Annual Funding Statement … Read more

Court dismisses claims against trustee directors of the USS

Following a preliminary hearing in the High Court, Mr Justice Leech has refused two members of the Universities Superannuation Scheme (USS) permission to pursue four so-called ‘derivative claims’ against the trustee directors of the USS. Subject to the outcome of any appeal, this decision will come as a relief to trustee directors as it limits … Read more

Pension Disputes Bulletin – May 2022

Welcome to the latest edition of our Pension Disputes Bulletin. Our regular disputes bulletins contain summaries of key cases, Ombudsman decisions and regulatory activity and highlight emerging risks for pension schemes, providers, sponsors, administrators and other service providers. In this edition we consider the implications of: the FCA’s latest proposals for the new Consumer Duty; … Read more

HMRC issues further guidance on GMP equalisation and conversion

HMRC has issued further guidance on the tax implications of implementing GMP equalisation. The guidance is helpful and pragmatic. It outlines several options for making a top-up payment to correct historic transfer values. It also helps clarify the impact of GMP conversion for annual and lifetime allowance purposes for pensioners. However, it does not resolve … Read more

Pension Planner – January 2022

Here is the latest edition of our Pensions Planner. The Planner and our handy timeline will help you keep up to date with the latest developments in pensions law and practice and identify the key pensions issues that your scheme or organisation needs to address in the coming months. The latest edition covers: the new … Read more

Pensions cases and litigation risks to look out for in 2022

There is never a dull year in pensions and 2021 has been no exception. Looking ahead, there are several notable cases to look out for next year including the RPI judicial review and the novel legal challenge against the trustee directors of the Universities Superannuation Scheme (USS). There are also a number of evolving risks … Read more