Pensions Regulator declares ‘no fowl’ in failed Bernard Matthews rescue

The regulatory intervention report published by the Pensions Regulator following its investigation in relation to the Bernard Matthews Ltd Pension Scheme (Scheme), will be welcomed by private equity firms, at a time when many businesses may be in need of fresh capital injections, as it indicates that the Regulator does not object in principle to … Read more

HSF Pensions Round Up – 31 July 2020

Here is a round-up of our recent pensions blogs and briefings. We have also included links to some of the firm’s recent webinars which we think may be of interest. To keep track of our latest updates, check out our UK pensions blog. Read more

Pressure points: Trustees and administrators prepare for what’s ahead: Ombudsman to see a rise in complaints due to Covid-19

The Pensions Ombudsman recently published both its Corporate Plan 2020-2023 and Annual Report for 2019/2020, which reveal that the number of enquiries the Ombudsman received has significantly increased in the last year. In addition, the Ombudsman expects the number of complaints to “undoubtedly” increase over the next 12 months as a result of Covid-19. To help trustees and administrators … Read more

Pension Disputes Bulletin – July 2020

Welcome to the latest edition of our quarterly pension disputes bulletin. In this edition we cover: recent cases on data and cyber security, GMP equalisation, ill health early retirement and investment issues key legislative and regulatory developments in response to Covid-19, including the recent changes to the UK insolvency regime, pensions related guidance and the … Read more

People: Key action checklists for trustees and employers of DC schemes (UK) – UPDATED

Current events related to Covid-19 and the related economic impact are raising a number of time critical pensions-related issues that employers with defined contribution (DC) schemes and trustees of such schemes need to address. To help with this, we have created checklists (based on our experience advising clients to date) which summarise the key pensions-related … Read more

Trustees beware – Changes to UK insolvency regime are now in force

The Corporate Insolvency and Governance Act 2020, which contains the most far-reaching reforms to UK insolvency law in over 30 years, received Royal Assent and came into force at the end of last week. The Act has been introduced on an emergency basis in an attempt to ensure that otherwise financially viable companies survive during … Read more