Sentences with phrase «of pension scheme»

Divorced people and those whose civil partnership has been dissolved may have access to some part of the pension scheme depending on whether or not a pension adjustment order was made at the time of the divorce / dissolution.

The rules of the pension scheme will help inform you which of these options will work best for you.

Provide information for the participating employer about the trustee's stewardship of the pension scheme, the development of the scheme and security of the assets.

These measures will surely help higher insurance penetration and aims at providing a safety net of pension scheme to all Indians.

They cease to be a member of the pension scheme after that.

Mrs McDonald argued that as her husband had been a member of the pension scheme for the entire period of their 25 year marriage, the whole period of his membership ought to be taken into account in quantifying the value of the pension attributable to the marriage.

Our work has seen us acting as a professional independent trustee on a temporary or permanent basis; as an independent chair of trustees; as trustee to help with the winding up of a pension scheme; and providing secretarial services.

HMRC said: «This change is being made because there have been developments in the provision of pension scheme information since we first started the changes to end contracting - out.»

Businesses are getting better at managing the issues around dealing with the trustee of the pension scheme who has the interests of the scheme and its members front of mind.

There are a number of types of pension scheme but final salary schemes (also called defined benefit schemes) are the type most likely to give rise to issues.

acting on a # 35m claim against a major financial services provider for negligent advice in the management of a pension scheme

The trustees of a pension scheme in Part 8 proceedings.

The trustees of a pension scheme against a group member complaint to the Pensions Ombudsman involving pension increases under the scheme

Given the purpose of a pension scheme is generally to provide for some form of retirement income, it tends to lead to some recognisable investment strategies.

The claim concerned alleged negligence in the bank's performance as fiduciary asset manager of the pension scheme.

Oliver's experience includes: defending global investment banks in High Court proceedings brought in relation to complex financial products and transactions; acting for an international consulting firm in High Court proceedings brought by the trustees of a pension scheme; acting for a UK financial services provider in relation to a major loss of customer data; acting for an insurer in arbitration proceedings relating to an insurance coverage dispute; acting for a global custody bank on an investigation in relation to client overcharging on asset portfolio transitions; and acting for a UK financial services group in relation to legal and regulatory issues arising from a major misstatement in its published accounts.

The last thirty years have seen a constant increase in regulation, legislation and guidance relating to the role of the pension scheme trustees.

Barclays submitted that a clearance application was not required under the FSMA (Banking Reform)(Pensions) Regulations 2015 as the plans were not «likely to be materially detrimental» to the ability of the pension scheme to meet its liabilities, but the ring - fenced body would apply for clearance in the event that it ceased to be a participating employer earlier than agreed.

Therefore, «membership» should not be confined to active membership of pension scheme.

Did the definition of «the period of membership» mean only the period during which Mr McDonald was an «active member» of the pension scheme (defined in Section 124 (1) of the Pensions Act 1995) or the whole period of his membership of the scheme, both as an active member and a pensioner member?

working with lenders to protect their position in distressed circumstances where the PPF or trustees of a pension scheme are involved, and

In addition, although the Pensions Regulator expects trustees to obtain a formal covenant assessment, it is not compulsory, which can mean that no - one — apart from the sponsoring employer itself — is considering how likely it actually is that the full DB entitlements of all members of the pension scheme will actually be paid.

The structure of a pension scheme avoids the difficulties which some companies find themselves in when managing accrued gratuity liabilities.

It has already scored a number of client successes advising on complex pension structuring cases, notably ensuring the continued survival of one manufacturing company by successfully untangling it from # 500m of pension scheme liabilities through a rare regulated apportionment arrangement (RAA).

Clients are likely to call every day for advice on small issues such as when to pay funds out of a pension scheme.

As ever, it depends on the business, what you are buying and the state of the pension scheme.

As a result, no employer knows exactly the cost of the pension scheme, and how much money they will need to put in.

In a joint statement outlining the updated proposal in November last year, GMB, Unite and Diageo said of the future of the DLP: «We can never give complete guarantees on the future of any pension scheme.

This is known as «phasing» and will apply to most, though not all, types of pension scheme (check with your scheme provider).

Once enrolled into an automatic enrolment pension scheme, an eligible jobholder can decide to opt - out of the pension scheme.

It was one of the transitional rule kept alive in the 2004 review of their pension scheme until 2010.

However, over the longer term, a prolonged adverse economic climate may make some employers review their commitment to keeping this form of pension scheme open to new employees.

Carmarthenshire council's chief executive Mark James has stepped aside while police investigate why he was allowed to opt out of a pension scheme and receive cash instead.

Speaking during prime minister's questions, Mr Blair maintained that the government can not afford to commit to standing behind the collapse of every pension scheme, while claiming that the current system of compensation is working.

Two councils acted unlawfully by letting chief executives opt out of a pension scheme to avoid potential tax payments, the Wales Audit Office says.

Two councils acted unlawfully by letting chief executives opt out of a pension scheme to avoid potential tax payments, the Wales Audit Office has said.

The review said the value of pension scheme assets could be maximised by the bulk purchase of annuities and pooling assets in a single fund.

Thanks to the same figures which mean improving macroeconomic fundamentals, we have been able to transfer some GH cents 3.1 billion of Tier 2 pension funds into the custodial accounts of the pension schemes of the labour unions, funds that have been outstanding for six years, and about which the labour unions had been loudly complaining.

He continued, «Thanks to the same figures which mean improving macroeconomic fundamentals, we have been able to transfer some GH cents 3.1 billion of Tier 2 pension funds into the custodial accounts of the pension schemes of the labour unions, funds that have been outstanding for six years, and about which the labour unions had been loudly complaining.»

Under «relief at source» arrangements, members of pension schemes who do not pay income tax are nonetheless permitted to basic rate tax relief (20 per cent) on pension contributions up to # 2,880 a year.

After all the private sector has not been that efficient with mega high salaries for executives, rewards for share holders, and opting out of pension schemes.

Finding an efficient and effective way of sourcing the right job can lead to CPD opportunities, the benefit of pension schemes, and the assurance that wages aren't significantly reduced by recruitment agencies.

Dear Shiva, I guess they are different types of pension schemes like Retirement benefit pension scheme (RBPs), Family pension scheme (FPS) etc., Kindly go through my articles; Health insurance premium & Tax benefits under section 80D Income tax deductions list.

The British constitution is on the verge of a transformation of historic and unprecedented proportions, but if we focus on the world of pension schemes, what can we foresee?

At the end of April this year, a Regulatory Intervention Report and subsequent press release confirmed that the pair has been prohibited from being trustees of pension schemes.

We are experts in setting up, reconstructing and closing down all manner of pension schemes.

She specialises in handling pensions matters, having advised on a wide range of pensions schemes as well as dealing with auto - enrolment issues and historic errors in scheme documentation.

No changes to the inheritance tax treatment of pension schemes are expected this year in the Finance Act 2017 or the Pension Schemes Bill 2017, but we can expect developments to continue in the longer term, and given the complex nature of this area we may see further test cases such as this in the courts.

Rosalind has spent two decades advising employers, trustees, administrators and members in relation to the establishment, management and winding up of pension schemes.

However, Daniel v Tee demonstrates that the Courts do not expect trustees to be omniscient in the investment sphere and in our view this applies just as much to trustees of pension schemes as to the family trust in Daniel v Tee.