Sentences with phrase «benefit pension schemes in»

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In effect, these countries filed false prospectuses; they fluffed up their assets, disguised the liabilities in their pension and benefit schemes, and managed to adopt the euro at a rate of exchange that exaggerated the value of their currencieIn effect, these countries filed false prospectuses; they fluffed up their assets, disguised the liabilities in their pension and benefit schemes, and managed to adopt the euro at a rate of exchange that exaggerated the value of their currenciein their pension and benefit schemes, and managed to adopt the euro at a rate of exchange that exaggerated the value of their currencies.

The majority of smaller stressed defined benefit schemes are likely to end up in the Pension Protection Fund, according to consultancy Barnett Waddingham, as it raised concerns that the Pensions Regulator's new tougher stance may remove vital flexibility from the system.

Additionally, the Public Sector Pensions Commission recently estimated that a huge 94 per cent of public sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private sector.

The NASUWT - the Teachers» Union has written to the Secretary of State for Education to demand that there is immediate implementation for teachers of the decision relayed to the NASUWT by HM Treasury to equalise adult survivor benefits in public service pension schemes for same - sex married and civil partners.

«This is to prevent people benefiting from tax relief in relation to contributions made into self - directed pension schemes for the purpose of funding purchases of holiday or second homes and other prohibited assets for their or their family's personal use.»

Only by agreeing to such a one - third reduction in the benefits of our generous pension scheme, can MPs look the rest of the public sector in the eye when asking for similar sacrifice and restraint.

Meanwhile, total benefits paid by the pension scheme went up to 1.2 billion cedis in 2015 from the 941 million cedis the previous year.

This generation, in his view, took too much during the good times, reaping the benefits of final salary pension schemes and free university education while squandering what wealth they had and failing to save, saddling younger generations with the public debt.

Pensioners in final salary pension schemes could find their benefits cut under new plans put forward by the government on Monday.

The union says the company has closed its defined benefit, or final salary, pension scheme, offering new entrants an «inferior» scheme which the CWU claim will leave them in «pensioner poverty».

Iain Duncan Smith, the Work and Pensions Secretary, has faced criticism after scaling back a pilot scheme for his flagship universal credit - which will merge dozens of different out - of - work benefits into a single payment with the aim of ensuring an individual is always better off in work than on benefit.

«Pension scheme deficits also play a part: people currently at work not only have their salaries affected, but are also extremely unlikely to enjoy the same retirement benefits as their colleagues who retired in the past, even when accounting for an increasing life - expectancy.

TPS and LGPS Pensions are viewed as a benefit but, at the end of the day, someone has to pay for them and the pensions in education — and all the public sector — are so much better than in the private sector; the figures just do not add up and both pension schemes have been underfunded foPensions are viewed as a benefit but, at the end of the day, someone has to pay for them and the pensions in education — and all the public sector — are so much better than in the private sector; the figures just do not add up and both pension schemes have been underfunded fopensions in education — and all the public sector — are so much better than in the private sector; the figures just do not add up and both pension schemes have been underfunded for years.

Changes to defined benefit pension schemes set to come into effect in 2016 could see retirement incomes fall, as the state pension scheme is revamped.

In terms of benefits the National Pension scheme is no less than the pension plans offered by the life insurance companies in IndiIn terms of benefits the National Pension scheme is no less than the pension plans offered by the life insurance companies inPension scheme is no less than the pension plans offered by the life insurance companies inpension plans offered by the life insurance companies in Indiin India.

Earnings in the period of $ 13.3 m attributable to equity shareholders were offset by losses of $ 4.7 m on the retranslation of the net assets of foreign currency denominated operations, actuarial losses of $ 3.5 m (net of deferred tax) on employee defined benefit pension schemes, revaluation losses of $ 2.2 m (net of deferred tax) following the revaluation of property and the payment of the final 2012 dividend of $ 5.0 m to equity shareholders of the Company.

· an additional pension cost to the Condensed Group Income Statement of $ 0.4 m for the period ended 30 June 2012 and $ 0.7 m for the year ended 31 December 2012, due to the increase in the net interest cost, with a corresponding decrease in actuarial losses on defined benefit schemes recognised in the Condensed Group Statement of Comprehensive Income

The reliefs available under this paragraph shall not exceed the reliefs that would be allowed by the other State to residents of that State for contributions to, or benefits accrued under, a pension scheme established in that State.

Generally, an employer's wider group, whether in the UK or otherwise, has no legal obligation to make good the deficit in that employer's UK defined benefits pension scheme.

In broad terms, a master trust is an occupational pension scheme which provides money purchase benefits and is used by two or more unconnected employers.

Research by PricewaterhouseCoopers (PWC) has revealed that the funding deficit for defined benefit (DB) pension schemes in the UK has fallen to # 200 billion.

However, the question remains in the minds of many: is it possible to acquire a business with a defined benefit pension scheme risking without your own business?

Following the merger of Asda with Sainsbury's, it has been revealed that Walmart will retain the Asda Defined Benefit (DB) scheme in order to protect the interests of pension holders.

This in itself can discourage many businesses from taking on a defined benefit pension scheme.

As a pensions lawyer, it's vital to have experience in assisting clients in securing their pension scheme's accrued benefits with insurance companies by buy - in and buy - out contracts.

On the defendant's advice, Shore suffered loss by transferring his accrued benefits from an occupational scheme into a personal pension in 1997.

The Defined Benefit Pension Schemes white paper, published 19 March, has announced that «wilful or reckless behaviour in the handling of company pension funds» may become a criminal offence, punishable of up to two years in Pension Schemes white paper, published 19 March, has announced that «wilful or reckless behaviour in the handling of company pension funds» may become a criminal offence, punishable of up to two years in pension funds» may become a criminal offence, punishable of up to two years in prison.

the Government's approach to the British Steel Pension Scheme may define the Government's approach to defined benefit schemes in some areas (e.g. mandatory indexation of pensions).

We are also able to provide advice on employee benefits and pension scheme matters in most of the countries in which health sector participants are investing for growth.

Partner in our Pensions & Employee Benefits team, Clive Weber, has had his comments published by Professional Pensions in relation to British Airways» pension scheme dispute.

Recently, John has been involved in a substantial number of cases concerning employment law and pensions, concerning matters such as the closure of Defined Benefit schemes, and age discrimination issues.

In any insolvent or distressed situation, a defined benefit pension scheme becomes a very large creditor (often the largest).

In return, we offer a highly competitive salary and a comprehensive benefits package including 25 days holiday, a competitive pension scheme, life insurance, discounted legal fees, gym membership contribution, and parking.

The High Court has ruled that Barclays» pensions proposals will not hold up its ring - fencing plans, in a decision that considered widely relevant issues of restructuring defined benefit pension schemes and Pensions Regulator clpensions proposals will not hold up its ring - fencing plans, in a decision that considered widely relevant issues of restructuring defined benefit pension schemes and Pensions Regulator clPensions Regulator clearance.

The role of the Pension Regulator in defined benefit schemes has been the subject of intense focus in the market over recent years.

While the project has been supported from the outset by major insurers, there is a concern that without legislation some insurers, including smaller insurance companies and those providing defined benefit schemes (which, ostensibly, have less to gain by participating), will not provide the necessary data such that individuals can access all their pension scheme information in one place.

SAL retained Buck Consultants Limited (Buck) as a pension benefits consultant to provide advice on and draft documents in relation to the scheme — specifically a new set of scheme rules (Rules).

«Given the speed at which Carillion collapsed, there appeared to be no time to attempt to save the company by separating it from its 13 defined benefits schemes through the use of a regulated apportionment arrangement, as most recently agreed, for example, in the British Steel pension scheme.»

This is where Asset Liability Suite comes in, as it can provide you with the management information tools required to help you achieve your aims in running your defined benefit (DB) pension scheme efficiently.

If a healthy 54 - year - old client comes to see to you to discuss an opportunity regarding his pension benefits in an occupational pension scheme, it is wise to gather as much information as possible regarding the opportunity, as well as any paperwork available.

Parties in a dispute with Scottish Life about a # 1 billion plus defined benefit scheme concerning pensions liberation from it to Scottish Life offshore bonds

US owners or would be owners of UK companies should take extra care in the case of a UK defined benefit pension scheme («DB Scheme»), sometimes known as a «final salary» scheme, in the UK group.

Advice in relation to the provision of non-registered pension scheme benefits to a number of high net worth individuals.

There was however a successful legal challenge a few years ago, in which it was decided that for some pension scheme members, especially those with long service, the cap meant that their benefits were not reasonably protected.

Anna has spent her entire career advising clients who operate or sponsor occupational pension schemes, with a particular expertise in defined benefit schemes.

Multiple employers in relation to the closure of their defined benefit pension schemes to future accrual and the implementation of new benefit arrangements

Pension lawyers taking part in the survey also expressed concern about the current employer exodus from defined benefit (DB) schemes.

Mr Chrystal comments: «A reported # 50bn has been transferred from company defined benefit schemes to individuals since the rules changed and greater pension freedoms were introduced by the government in 2015.

The judge held, that members of the scheme who had the right to retire at age 60 in respect of any part of their service and who were aged between 60 and 64 at the date that the scheme commenced winding up fell within the Pensions Act 1995 (PA 1995), s 73 (3)(b) even in respect of pension or other benefits accrued by service to which an NRD of 65 applied.

Section 73 of PA 1995 required the assets of a salary related occupational pension scheme which was being wound up to be applied in satisfying the liabilities of the scheme in respect of pensions and other benefits, including increases in pensions, in a particular order by reference to categories of liabilities specified in s 73 (3).