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P&E Update: Employment/Employee Benefits Bulletin (25 June 2015) Topics covered in this bulletin: Cases Round-Up TUPE: employee assigned to organised grouping despite client’s removal instruction no implied duty on employee to disclose prior allegations of misconduct discrimination against Christian worker...
P&E Update: Pensions Bulletin Topics covered in this bulletin: Tax HMRC "downgrades" its QROPS list News from the Regulator changes to DC scheme return for 2015 Pensions Regulator’s 2015 analysis of recovery plans Regulator’s annual DB Scheme Funding...
P&E Update: Employment/Employee Benefits Bulletin Topics covered in this bulletin: Collective redundancies - where are we now? Cases round-up TUPE: subcontracted services - who is the "client"? Payment to settle discrimination claim was not taxable as earnings Dress code prohibiting...
Pension Cases Supplement This supplement covers: the High Court's decision in Bradbury v BBC IBM's early retirement policy the High Court's ruling in Granada v Law Debenture the Pensions Ombudsman's determiation in relation to Firefighters' Pension...
Collective DC Schemes: Where are we now? The Pension Schemes Act 2015 providing the legislative framework for Collective DC Schemes received Royal Assent on 3rd March, 2015. Since then: we have had a General Election in which the then Pensions Minister (Steve Webb) lost his seat we have a...
Views of Dr Ros Altmann (the new Pensions Minister) previously expressed on Collective Defined Contribution Schemes Below is a summary of what Dr Altmann has said in the past in relation to collective defined contribution (CDC) schemes: A. INTRODUCTION 1. Dr. Ros Altmann was appointed Minister of State for Pensions on 11th May, 20151. 2. This note summarises...
Demand guarantees: the consideration dilemma A curious problem has emerged in the context of demand guarantees (sometimes called "performance bonds" or "independent guarantees"). Consideration, a necessary component of a valid contract under English law, is frequently absent or...
Collective benefit schemes in the UK: Where have we got to? This paper was prepared by Philip Bennett for the IPEBLA annual conference workshop on defined ambition/shared risk/collective DC plans and other innovative designs Covers the UK background to legislation to establish collective benefit schemes, the move...
EMIR - Gearing up for Clearing - PART II An overview of the structure of client clearing, together with key points for consideration when choosing a clearing member to enter into client clearing arrangements with. With mandatory central clearing of OTC derivative transactions through central...
P&E Update: Pensions Bulletin Topics covered in this bulletin: 6th April, 2015 Changes DB to DC transfers and conversions: New requirement for trustees to check member has received independent financial advice Regulator’s communication materials updated Cases Meaning...