Case Study

Teamwork on Higher Education Project

Through one of the firms where we act as pension consultants, and for one of their Higher Education clients, we worked alongside employment lawyers and other professional advisers.

We were instructed to help the client implement its proposal to close the pension scheme to new members, introduce changes to the existing benefit structure and increase member contributions. The exercise involved communication with members, discussion with trade unions and trustees, as well as revision of the scheme provisions. After lengthy discussions, the changes were implemented.

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Current News

Cohabitee wins right to pension

The Supreme Court has ruled that a nomination requirement relating to the payment of a survivor’s pension under a public sector pension scheme discriminated against cohabiting unmarried couples and should be disapplied.

Reversing Trustee Decisions

Trustees have on occasion relied on the “Hastings Bass” rule to unwind decisions that subsequently transpire to have unintended consequences. The scope to do so has been narrowed by the recent Supreme Court judgments in the jointly heard cases of Futter and another v HMRC and Pitt and another v HMRC.

EU Solvency Rules dropped

The European Commission has announced that it is dropping its plans for a new funding regime for pension schemes.

Pensions for Mortgages

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