With a year now passed since Brexit, you may be surprised to see a post on this topic. However, it would seem that Brexit is still causing havoc when it comes to European Works Councils (EWCs) which had their headquarters in the UK pre-Brexit.

As the scope of EWCs is limited to the European Economic

Employers be aware – big changes to the defined benefit pensions landscape come into force

Some of the biggest changes to the defined benefit pensions landscape in recent years come into force on 1 October 2021. Much has already been made of the provisions of the Pension Schemes Act 2021. Here is a rundown of what comes into force on 1 October (note that these provisions do not have retrospective effect):

Continue Reading Employers be aware – big changes to the defined benefit pensions landscape come into force

The Pension Schemes Act 2021 introduces a framework for a new type of pension scheme – collective money purchase schemes. Also known as collective defined contribution or CDC schemes, this type of pension scheme offers a middle path between traditional defined benefit (DB) and defined contribution (DC) schemes.

Employer and member contributions are fixed, as in a DC scheme. However, investment and longevity risks are borne collectively by the members, rather than being borne exclusively by the employer (as in a DB scheme) or exclusively by the individual member (as in a DC scheme). Members are promised a target retirement income, but this can be adjusted up or down to reflect the scheme’s investment performance and other risks as longevity experience.

The government is currently consulting on draft regulations setting out further detail of the legal framework for CDC schemes. The consultation closes on 31 August.

Continue Reading A third way – collective money purchase pension schemes

In an eagerly anticipated update, the Home Office has announced that the Covid-19 adjustment to the right to work check will no longer end on 20 June 2021 but will be extended to 1 September 2021.  Read here for our full blog post:

https://www.mobilework.law/2021/06/a-welcome-and-longer-than-expected-extension-to-the-covid-19-uk-right-to-work-check-concession/

Since March last year, due to Covid-19, the Home Office has allowed employers to check an employee’s immigration status in the UK by using scans or copies of documents instead of having to see the original documents.  From 17 May, this adjustment will cease and employers will once again be required to check original documents,