On 17 July 2012, the Government issued its response to consultation regarding the proliferation of small pension pots.
In the Bradbury v BBC case, the High Court held that a contractual agreement to impose a cap on pensionable salary can be effective, notwithstanding the provisions of the pension scheme rules, provided that this does not breach the employer’s implied duty of trust and confidence.
Case law - High Court adopts pragmatic approach in analysing defined contributions scheme that had targeted final salary benefitsThursday 12 July 2012
In Entrust Pension Limited v Prospect Hospice Limited and Yvonne Hunter, the High Court took a broadly pragmatic approach when faced with difficult questions about benefit promises under a pension scheme with a highly unusual structure.
Regulator's decision not to issue financial support directions may be appealed in relation to Lehman Brothers Pension SchemeThursday 12 July 2012
A tribunal has ruled that six subsidiaries of Lehman Brothers and the pension scheme trustees are entitled to appeal the Pension Regulator’s decision not to impose a financial support direction (“FSD”) on 38 other group companies.
The Pensions Regulator has given clearance to the British Midlands Airways pension scheme entering the Pension Protection Fund ("PPF").
New regulations, which took effect on 2 July 2012, exempt “dual status workers” from auto-enrolment.
The Disclosure of Information regulations are to be amended with effect from 1 October 2012. These regulations set out the pensions information that trustees are required to provide to scheme members and other interested parties.
A new "listed change" was introduced into the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006 with effect from 6 April 2012.
The DWP has confirmed the levels of the earnings thresholds for the initial 2012/13 auto enrolment year.
Following the abolition of protected rights on 6 April 2012, all legislative restrictions on protected rights were automatically removed.
From 6 April 2012 there was a change in the legislation regarding transfers of pension rights.
An online ‘DC qualifying scheme tool’ has been made available by the Regulator to help employers assess whether their existing DC scheme meets the minimum criteria for an automatic enrolment scheme, as set out in legislation.