Pensions Planner: June 2019

    The latest edition of our quarterly Pensions Planner is now available.Click on the image below to download your copy.We hope that you find this guide helpful. Please share any feedback you have on it.You can also follow our latest thinking on all of the topics covered in the Planner on our new pensions blog.Please contact us if you need assistance with any of the issues that are highlighted in this edition. Read more

    Happy GDPR-versary! Herbert Smith Freehills reflections on a year of GDPR regulation

    The GDPR came into effect just over a year ago on the 25 May 2018. As the most significant reform of data protection law in Europe for over 20 years, the legislation raised expectations of a cultural shift in attitude to data privacy. A year on from the fanfare of implementation, our data protection experts examine key aspects of what we have seen and learnt since implementation, and what we can expect for the future. Read more

    What can we expect from the next Pensions Bill?

    Although making any kind of political prediction at present is a fool's errand, it seems to be a question of when, rather than if, we get the next Pensions Bill. The indications are that a Bill will be included in the next Queen's speech. It now appears that this will take place "at the end of May". However, with the timing of her departure still unknown, your bet is as good as mine as to when the Bill will actually emerge.But, what can we expect when it is finally introduced? Read more

    GMP conversion – a silver bullet?

    Just before Easter, the DWP published its long-awaited guidance on GMP conversion. Since the High Court confirmed the need for schemes to equalise pensions for the effect of GMPs in the Lloyds Bank case in October last year, GMP conversion has been seen by many as the solution likely to be preferred by most schemes. … Read more

    GMP equalisation – Beware the forfeit!

    One of the more surprising elements of the decision in the recent Lloyds Bank case is that the judge, Justice Morgan, held that the payment of arrears that become due when a scheme implements GMP equalisation are not subject to a statutory limitation period on the basis that the claim is a claim for recovery … Read more

    Regulator’s annual funding statement raises the funding bar

    The Pensions Regulator has published its 2019 annual funding statement for defined benefit (DB) schemes. The statement: reflects the Regulator’s tougher approach confirms the Regulator’s focus on reducing the length of deficit recovery plans and requiring schemes to set a long term funding target, and makes clear the Regulator’s intention to police the payment of … Read more