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The CJEU judgment in PSV v Bauer (Case C-168/18) was finally handed down today, with many in the industry having held their breath in anticipation since Advocate General Hogan published his Opinion, in May this year. In that Opinion he concluded that Article 8 of the Insolvency Directive requires Member States to protect an employee’s … Read more
With the election done and dusted and a strong Conservative majority now in place in time for Christmas, what does the New Year hold for pensions? Read more
As expected, in today’s Queen’s speech, the Government has confirmed that it intends to reintroduce the Pension Schemes Bill before Parliament. The Bill was first introduced three weeks before Parliament was dissolved ahead of the General Election. We expect the Bill to be reintroduced early in the New Year and for the content to be … Read more
So, the Conservatives return to Government with an 80 seat majority – a result few people predicted in the run-up to last Thursday’s poll. At a macro level, this removes a great deal of the (immediate) uncertainty that has existed since the EU referendum in June 2016. Barring a very unexpected turn of events, we … Read more
The latest edition of our Pensions Planner is now available to help you plan for 2020 and beyond. Click on the image below to download your copy. The Planner and our handy timeline will help you keep track of the latest developments in pensions law and practice and identify the key pensions issues that your … Read more
The outcome of the 2019 general election has the potential to radically impact the nature of the UK’s relationship with the EU and our other trading partners, the shape of the UK economy and the composition of the United Kingdom. At a macro level all of these issues will inevitably impact pension schemes, sponsors and … Read more
The Pension Schemes Bill, introduced in Parliament on 15 October 2019, contained some significant new funding requirements for defined benefit (DB) occupational pension schemes. If the requirements are introduced as proposed it is likely to mean most corporate sponsors will be required to pay more money into their DB schemes more quickly than anticipated. The … Read more
The Supreme Court in England has two issues to consider in the appeal which opens today. First, should the company be held to be vicariously liable for the acts of its employee in this case? It concerns, after all, a rogue employee, who took payroll data with which he was entrusted home on a USB … Read more
Listen to our latest podcast (11 mins) in which Ben Seth, Senior Associate, Pensions, Herbert Smith Freehills, and Rosie Fantom, Bulk Annuity Consultant, Barnett Waddingham: • explain what a “residual risks” buy-out (also known as an “all risks” buy-out) is • consider the circumstances in which trustees and sponsors may want to consider a residual … Read more