My constituents and I would be interested to know the degree of consideration the Minister gave to the effect that his changes to the uprating regulations would have
on the occupational schemes of previously nationalised industries, because they have had a very adverse effect on people who thought that they had funded 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.
Not exact matches
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.
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.
The Government has recently issued numerous regulations paving the way for the Single State Pension from 6 April 2016 and addressing the impact
on occupational pension
schemes.
Similarly, the court held that Shore had obtained a bundle of rights
on transfer, which were less advantageous to him than those he enjoyed under the
occupational scheme.
On the defendant's advice, Shore suffered loss by transferring his accrued benefits from an
occupational scheme into a personal pension in 1997.
We consider the impact
on UK
occupational pension
schemes and the action trustees should take.
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.
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.
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).
The Professional Trustee Standards Working Group (PTSWG) is consulting
on a series of standards for professional trustees of
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.
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.
Advising Cobham PLC
on the # 280 million bulk annuity contract with Rothesay Life for its main UK
occupational pension
scheme.
She has experience advising trustees of
occupational schemes on a full range of issues including:
Consultation
on the draft
Occupational Pension
Schemes (Employer Debt)(Amendment) Regulations 2017 - Sackers» response to DWP consultation
Families will be eligible for the
scheme based
on deprivation and
occupational criteria as per SECC data.