A review
of the Occupational Pension Funds Directive 2003 / 41 / EC will, however, take place in 2008 and the Commission will examine whether solvency requirements can or should be developed for pension funds.
She has specialised in advising both corporate sponsors and trustees
of occupational pension schemes for 20 years.
Acting as an independent trustee of all sorts
of occupational pension schemes, including defined benefit (final salary, and CARE), defined contribution, hybrid, and GAD - certified
Our dedicated pensions team forms part of the employment group and advises on all aspects of UK pensions law acting for trustees
of occupational pension schemes, employers, independent trustees, the Pension Protection Fund, the Pension Infrastructure Platform, pension trustee indemnity insurers and life assurance companies.
The Professional Trustee Standards Working Group (PTSWG) is consulting on a series of standards for professional trustees
of occupational pension schemes.
Lithgows Pension Scheme [2011] CSIH 6 Right of trustees
of an occupational pension scheme regarding publication if information as part of Pension Protection Funds Levy system
Trustees
of occupational pension schemes have a statutory duty to ensure that they have an adequate knowledge...
Gabrielle advises employers and trustees
of occupational pension schemes (both defined benefit and defined contribution) on a broad range of pensions matters including automatic enrolment; scheme amendments and changes to benefit structures; scheme funding issues; scheme governance; member - related issues such as benefit questions, pension sharing orders or high - earner tax questions; the operation of the Pension Regulator's powers; and entry into the Pension Protection Fund.
For instance, in relation to pension rights where employees who are members
of an occupational pension scheme are transferred from seller to buyer on a business transfer.
The Ombudsman held that a former sponsoring employer unjustifiably stopped a member's monthly pension payments which it had been funding itself, following the winding up
of the occupational pension scheme, until the employer was acquired by a new owner in 2013.
The government must compensate the thousands of people who lost their retirement nest eggs following the collapse
of their occupational pension schemes, an influential group of MPs has demanded.
Not exact matches
Other measures include tougher action to halt the transfer
of money from
occupational pension schemes into fraudulent ones
A recent study, published on Market Watch
of over 15,000 consumers found that the average American will run out
of retirement funds, other than state and
occupational pensions, around 14 years into retirement.
In 2008, our research paper The UK
Pensions Crisis found that
occupational pension schemes lost between # 150 and # 225 billion in growth, as a result
of the abolition
of Advanced Corporation Tax relief on
pension funds in the 1990s.
After several rounds
of electorally unpopular increases in contribution rates and raising the retirement age, Gerhard Schröder's government introduced tax - subsidised, funded private and
occupational pension schemes.
Many
of my constituents who are on
occupational schemes, mostly from British Telecom, have found that their
pensions have been changed only two years after they were renegotiated between the trustee and the pensioners.
Mr Blair's backing came after the Confederation
of British Industry (CBI) denied it had lobbied for changes to the
occupational pensions system and accused the Treasury
of «a convenient bit
of spin».
Commenting on today's announcement that the Government is to bring forward the effective date from which the state
pension age will only become payable at 68, Chris Keates, General Secretary
of the NASUWT — The Teachers» Union said:, «Over recent years teachers have already faced hugely detrimental changes to their
occupational pensions, compounded by year after year
of real term cuts to their pay.
Responding to a government statement on the Financial Assistance Scheme (FAS), which claimed # 1.7 billion
of assets in
occupational pension schemes could qualify for help, Lib Dem work and
pensions spokesman Danny Alexander said the statement was «simply more dithering and delay from the government».
On Monday deputy Bank governor Ben Broadbent was forced to defend the bank's policies against MPs who said employers were scaling back investment and limiting wage rises in response to the growing burden
of larger
occupational pension scheme deficits.
«This parliamentary programme is the vehicle for bringing an end to the right
of ordinary working people to a decent
occupational pension.
to take any action otherwise prohibited under subsections (a), (b), (c), or (e)
of this section where age is a bona fide
occupational qualification reasonably necessary to the normal operation
of the particular business, or where differentiation is based on reasonable factors other than age; to observe the terms
of a bona fide seniority system or any bona fide employee benefit plan such as a retirement,
pension, or insurance plan, which is not a subterfuge to evade the purposes
of this Act, except that no such employee benefit plan shall excuse the failure to hire any individual; or to discharge or otherwise discipline an individual for good cause
He'd paid additional voluntary contributions into his
occupational pension scheme so was able to get a
pension equal to
of one third
of his salary.
The government has a lot
of work to do in simplifying Canada's
pension system including harmonizing the retirement age across the OAS, CPP and occupational pension programs not to mention ensuring that those who will rely on GIS income in retirement won't pay a hefty penalty for participating in the forthcoming Pooled Registered Pension Plans (
pension system including harmonizing the retirement age across the OAS, CPP and
occupational pension programs not to mention ensuring that those who will rely on GIS income in retirement won't pay a hefty penalty for participating in the forthcoming Pooled Registered Pension Plans (
pension programs not to mention ensuring that those who will rely on GIS income in retirement won't pay a hefty penalty for participating in the forthcoming Pooled Registered
Pension Plans (
Pension Plans (PRPPs).
At that time large numbers
of people were being advised to leave
occupational pensions, or not to join, and to take out personal
pensions instead.
This edition
of snapshot summarises some
of the key legal and regulatory developments that occurred up to the end
of June 2017 in relation to
occupational pension sche..
The Stephenson Harwood
pensions podcasts provide an overview
of key legal developments relating to
occupational pension scheme and how they impact scheme members, trus..
The Stephenson Harwood
pensions podcasts provide an overview
of key legal developments relating to
occupational pension scheme and how they impact scheme members, trustees and sponsors.
This edition
of snapshot summarises some
of the key legal and regulatory developments that occurred up to the end
of October 2017 in relation to
occupational pension s..
This edition
of snapshot summarises some
of the key legal and regulatory developments that occurred up to the end
of November 2017 in relation to
occupational pension..
This edition
of snapshot summarises some
of the key legal and regulatory developments that occurred up to the end
of May 2017 in relation to
occupational pension schemes.
This edition
of snapshot summarises some
of the key legal and regulatory developments that occurred up to the end
of July 2017 in relation to
occupational pension sche..
occurs, by the virtue
of trade union, health, and safety,
occupational pension trustee or employee representative reasons) will increase from # 5,970 to # 6,203.
While the guarantee pay increases from # 27 to # 28 per day, the minimum basic amount (in cases where a wrongful dismissal occurs, by the virtue
of trade union, health, and safety,
occupational pension trustee or employee representative reasons) will increase from # 5,970 to # 6,203.
A SSAS is an
occupational pension scheme and are suitable for directors
of private companies; they are most commonly used for private family businesses
Subjects have covered everything from compensation for internment, to
occupational pensions, to policing
of demonstrations.
However, the CJEU has also previously treated
occupational pensions as a deferred form
of pay, the entitlement to which accrues continuously over the employee's service, and therefore the respondent argued that an
occupational pension constitutes deferred pay for past work, and the worker's entitlement to that
pension accrues and is fixed at the time
of the work for which it constitutes pay; the entitlement is not determined when the person retires and the
pension becomes payable.
Broadly speaking, a master trust for the purposes
of the new regime is an
occupational pension scheme that is used, or intended to be used, by two or more unconnected employers (subject to exceptions for public sector schemes).
We advise insurance companies, trustees
of defined benefit, defined contribution and hybrid
occupational pension schemes on challenging issues including scheme funding, mergers, trustee duties and investment (including bulk annuity purchase projects).
Pension scheme trustees are also interested, given the most common example of a pensions scam is the opportunity to transfer pension savings from an HMRC registered occupational pension scheme to another registered arran
Pension scheme trustees are also interested, given the most common example
of a
pensions scam is the opportunity to transfer
pension savings from an HMRC registered occupational pension scheme to another registered arran
pension savings from an HMRC registered
occupational pension scheme to another registered arran
pension scheme to another registered arrangement.
This edition
of snapshot summarises some
of the key legal and regulatory developments that occurred up to the end
of January 2018 in relation to
occupational pension schemes.
On these pages, we list some
of the areas in which we support our clients with
occupational pension schemes, whether as sponsor, trustee or professional adviser, in either the private or public sectors.
Administrative Law Alternative Dispute Resolution Social Program Business Law Alternative Dispute Resolution Incorporations Independent Legal Advice Sports Law Civil Law Alternative Dispute Resolution Co-op Housing Estate Litigation Motor Vehicle Accidents Personal Injury Property Damage Residential Landlord and Tenant (Landlord) Residential Landlord and Tenant (Tenant) Slander / Libel Small Claims Court Wrongful Dismissal Estate Law Alternative Dispute Resolution Elder Law Estate Administration and Distribution Estate Litigation Estate Planning Independent Legal Advice Living Wills Power
of Attorney Representation Agreements Trusts Wills Family Law Adoption Alternative Dispute Resolution Annulments Bankruptcy and Insolvency Child / Spousal Support Child Custody / Access Child Protection Proceedings Collaborative Family Law Committeeship (Mental Incompetency) Division
of Property / Assets Domestic Contract Family Court
of Appeal Independent Legal Advice International Divorce Paternity Restraining Orders Separation / Divorce Uncontested Divorce Variation Orders Labour and Employment Law Alternative Dispute Resolution Arbitration — Interests and Rights Employment Contracts Employment Equity Employment Insurance (EI) Employment Standards Human Rights / Discrimination Individual Employee Representations Management Representation
Occupational Health and Safety
Pensions Professional Discipline Hearings Sexual Harassment / Discrimination Sports Law Union Certification / Decertification Unionized Personnel Work Permits / Visas Wrongful Dismissal WSIB / WCB / WSB Real Estate Law Condominium Contract Independent Legal Advice Mortgage Agreements Residential Real Estate Rural Real Estate
In contrast to how normal
occupational pension schemes operated, to be a registered
pension scheme there was no need for members
of that scheme to have an employment relationship with the employer who had established it.
Establishment
of a new defined benefit
occupational pension scheme for the UK wing
of a multi-national business.
He advises on certification, negotiation, application and interpretation
of collective agreements, grievances and arbitrations, labour standards, industrial accidents and
occupational diseases, health and safety, recourses pertaining to labour law (such as injunctions, evocations, complaints), employment contracts, dismissals and severance packages, human rights and freedoms,
pension plans and fringe benefits, access to information and decrees.
The primary focus
of the articling experience in Toronto is on all aspects
of labour and employment law, including labour arbitration, proceedings before the Ontario Labour Relations Board and Canada Industrial Relations Board, human rights and equity issues (including Charter litigation), collective bargaining, construction labour relations,
pension and benefits law, workers» compensation, disability claims, employment standards, wrongful dismissal litigation and
occupational health and safety.
Their Lordships were asked to consider the meaning
of ERA 1996, s 48 which, in addition to whistleblowing, applies to a raft
of discrimination provisions including those relating to trade union / employee representatives, health and safety, Sunday working, family / domestic leave,
occupational pension trustees, working time and flexible working.
The Commission receives technical input from the Committee
of European Insurance and
Occupational Pensions Supervisors (CEIOPS) to develop implementing measures and adopts them following consultation with the 27 member states through the European Insurance and
Occupational Pensions Committee
of representatives from the finance ministries
of the 27 member states.
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).