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.
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.
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.
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.
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.
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
Not exact matches
Other measures include tougher action to halt the transfer
of money from
occupational pension schemes into fraudulent ones
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.
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.
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 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 May 2017 in relation to
occupational pension schemes.
A SSAS is an
occupational pension scheme and are suitable for directors
of private companies; they are most commonly used for private family businesses
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.
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.
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).
Members
of a wound - up company's
occupational pension scheme who have 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, fall within s 73 (3)(b)
of the
Pensions Act 1995 (PA 1995) but not in respect
of pension or other benefits accrued by service to which a normal retiring age
of 65 applies.
Parliament must have intended the Regulations to operate sensibly in respect
of the differing
pension schemes given that they clearly apply to both
occupational and personal
pensions even though the definition of «active membership» in s124 (1) of the Pensions Act 1995 does not refer directly to personal pension
pensions even though the definition
of «active membership» in s124 (1)
of the
Pensions Act 1995 does not refer directly to personal pension
Pensions Act 1995 does not refer directly to personal
pension schemes.