In his latest podcast, Richard Goldstein looks at some legal developments and deadlines in the pensions industry that will occur, or are expected to occur, during the course of 2019. You can access the podcast here.
Listen to or subscribe to our UK Pensions Law podcast series via iTunes here. Please note that
Employers and trustees who use a guarantee or charge to reduce their pension scheme’s Pension Protection Fund (PPF) levy may need to re-execute that guarantee/charge in order for it to be taken into account in calculating the scheme’s 2019/20 PPF levy.
The PPF provides protection for members of DB pension schemes whose sponsoring employer becomes insolvent. It is funded in part by an annual levy payable by DB pension schemes.
Continue Reading Pension Protection Fund levy – re-execution of contingent assets required
The High Court has held that pension schemes are required to equalise benefits for the effect of guaranteed minimum pensions (GMPs) accrued between 1990 and 1997. The Court also considered a number of possible equalisation methods.
It held that the employer could require the trustees to adopt the cheapest method.
Continue Reading GMP equalisation – an increase to DB pension scheme liabilities