Sentences with phrase «scheme administrator»

The QROPs Information Regulations specify the reporting requirements for the provision of information by scheme administrators of registered pension schemes and scheme managers of overseas pension schemes to registered pension scheme members.

even with the best intentions and good systems in place, trustees and pension scheme administrators often find themselves in the unenviable position of having to contact members about recovering overpayments or rectifying underpayments of benefits

Limitation rules in member disputes — a conversation between two pension lawyers, Anna Rogers, ARC Pensions Law, and Helena Berman, Maurice Turnor Gardner In a nutshell: even with the best intentions and good systems in place, trustees and pension scheme administrators often find themselves in the unenviable position...

David also acts for occupational pension scheme trustees and scheme administrators in matters concerning overpayments, member complaints and disputes concerning pension scheme documentation.

It says, «If the pension scheme administrator or manager incurs a liability to any of the relevant UK taxes in a tax year then they must register on TRS by the required date.

In a case heard last month, the Pensions Ombudsman held that the date when the six - year limitation period relating to an action for the recovery of pension overpayments stopped was the date upon which the scheme administrator first notified the member of the overpayments and sought repayment.

In November 2015, the Ombudsman dismissed a complaint by a pensioner about the actions of the scheme administrator and trustees in seeking to recover overpaid pension and failing to put one of his additional voluntary contribution (AVC) funds into payment on time.

The husband signed «Expression of Wish (Nomination of Beneficiaries) Form, saying that «the trustees / scheme administrator has absolute discretion as to which of my beneficiaries receive the lump sum death benefit, I would like this to be paid to the following», where the widow is named with 100 % percent.

The Tribunal disagreed and emphasised that the administrator had a genuine discretion, noting that the pension scheme documentation referred to this being the case and that Mrs Staveley's letter of wishes did not bind the scheme administrator.

The legislation has since changed, as explained below, but many of the Tribunal's comments (especially on the nature of a scheme administrator's power to decide to whom to distribute death benefits) are particularly relevant to the current legal position.

Since no tax has been deducted, the scheme administrators do notneed to do anything to recover any tax.

Where a registered pension scheme ceases to be a Master Trust Scheme, the scheme administrator must provide an event report to HMRC confirming that the scheme has ceased to be a Master Trust Scheme and the date which this occurred.

One of the obligations to members under the QROPs Information Regulations is that the scheme administrator must provide a member with a statement when he / she may be first flexibly accessing his / her pension rights.

A corporate client on its dispute with the scheme administrator over the theft of sensitive personal data relating to the client's pensioners

If the tenant gets a court determination in their favour then they can use that against the scheme administrator to obtain their deposit.

Whilst the trustees in this case did not fall foul of any obligation to give advance warning of changes to the basis upon which transfer values were to be calculated we consider it prudent for trustees to keep abreast of any divorce cases (via the scheme administrator) in their schemes so as to avoid potential issues or similar complaints being made — especially where the ex-spouse may suffer a detriment.

She said this was especially so where, as in the case in question, the scheme administrator required valuations of the assets transferred to discharge the debt and top up payments, if necessary, from the member.

If the tax liability falls on the scheme administrator and the scheme administrator is not the trustee, the information will still have to be provided on TRS.

Where allowances are exceeded more must be purchased from the scheme administrator or on the secondary market.

Organisations that reduce their energy use and remain within their allowances will be rewarded with a «recycling payment» based on their position in a league table devised by the scheme administrator.

s 213 (3) would require the court to either order the person who appears to the court to be holding the deposit to repay it to the applicant (s 213 (3)(a)-RRB- or order that the person pay the deposit into the designated account held by the scheme administrator under an authorised custodial scheme (s 213 (3)(b)-RRB- within 14 days.

(ii) provided some prescribed information to the tenant but the scheme administrator has not been able to obtain confirm that the deposit is protected.

(b) order that person to pay the deposit into the designated account held by the scheme administrator under an authorised custodial scheme, within the period of 14 days beginning with the date of the making of the order.