“A woman who received almost £100,000 too much from a pension company will keep the money, an ombudsman has decided.”
Daily Telegraph, 14th May 2013
Source: www.telegraph.co.uk
“Hundreds of thousands of people who care for elderly or disabled relations will be given new rights to state support for the first time, Norman Lamb, the Care and Support Minister, says.”
Daily Telegraph, 7th May 2013
Source: www.telegraph.co.uk
“Following the case of O’Brien v Ministry of Justice and the decision of the UK Supreme Court that fee-paid Recorders are entitled to a pension, The Lord Chancellor has written today to the Lord Chief Justice, the Lord Chief Justice Northern Ireland, the Lord President of the Court of Session, the President of the UK Supreme Court and the Senior President of Tribunals to announce a moratorium in fee-paid judicial pension cases.”
Ministry of Justice, 5th April 2013
Source: www.justice.gov.uk
“Article 48FEU of the FEU Treaty and articles 3, 46(2)(a) and 47(1)(a) of Council Regulation (EEC) No 1408/71 of 14 June 1971 on the application of social security schemes to employed persons, to self-employed persons and to members of their families moving within the Community (as amended), precluded legislation of a member state under which the theoretical amount of the retirement pension of a self-employed worker, migrant or non-migrant, was invariably calculated on contribution bases paid by that worker over a fixed reference period preceding the payment of his last contribution in that member state, to which a fixed divisor was applied, when it was impossible for either the duration of that period or the divisor to be adapted so as to take account of the fact that the worker concerned had exercised his right to freedom of movement.”
WLR Daily, 21st February 2013
Source: www.iclr.co.uk
“Thousands of part-time judges will be entitled to a public-sector pension for the first time at a cost of up to £2 billion following a ruling by fellow judges in the highest court in the land.”
Daily Telegraph, 17th February 2013
Source: www.telegraph.co.uk
“The Pensions Regulator has published revisions to the current Determinations Panel procedure as well as a separate Case Team procedure following a period of consultation. The procedures detail the processes used by the Determinations Panel and the regulator’s case teams in cases where the final decision rests with the Panel. Thomas Robinson, barrister at 11 Stone Buildings, explains the key changes and their potential impact on pension schemes.”
11 Stone Buildings, February 2013
Source: www.11sb.com
“Divorcees who separated in the past 12 years could have to hand over more of their pension income to their former spouse. Pension funds are often the main asset of a marriage and are frequently more valuable than the home, but according to a report from Divorce LifeLine in as many as half of the 1.5 million divorce settlements in the UK since December 2000, the divorce pensions may have been undervalued.”
Daily Telegraph, 12th February 2013
Source: www.telegraph.co.uk
“A part-time fee-paid judge was a worker under European Union law and had a right not to be treated in a less favourable manner than comparable full-time workers. The denial of retirement pensions to part-judges when full-time judges were granted pensions was less favourable treatment for which there was no objective justification. Accordingly, on the basic principle of remunerating part-time workers pro rata temporis, a recorder was entitled to a pension on terms equivalent to those applicable to a circuit judge.”
WLR Daily, 6th February 2013
Source: www.iclr.co.uk
Supreme Court, 6th February 2013
“Judges have been given figures showing how much they will lose when their tax-free pension allowances are cut in line with government reforms of public sector pay.”
The Guardian, 6th February 2013
Source: www.guardian.co.uk
“The Financial Services Authority (FSA) is investigating whether consumers are
getting a ‘fair dea’ when purchasing annuities, it has announced.”
OUT-LAW.com, 4th February 2013
Source: www.out-law.com
“An investigation into whether millions of members of workplace pensions are getting good value for money has been launched by the Office of Fair Trading (OFT).”
The Guardian, 17th January 2013
Source: www.guardian.co.uk
“Details of the government’s plans to introduce a flat-rate pension by 2017 – equivalent to £144 per week in today’s money – have emerged ahead of an official announcement next week.”
BBC News, 12th January 2013
Source: www.bbc.co.uk
Konica Minolta Business Solutions (UK) Ltd v Applegate: [2012] EWHC 3741 (Ch); [2013] WLR (D) 9
“When applying uniform accrual to ‘so much of any benefit’ by virtue of section 74(3) of the Pension Schemes Act 1993 one was being directed not merely to what one might call the top slice, the benefit which actually accrued at the higher rate, but that element of a benefit package which was the subject of the higher rate. In section 74(3) the ‘benefit’ referred to was the composite of the various benefits which made up long service benefit and if the exception applied it did with regard to the entirety of such a component.”
WLR Daily, 21st December 2012
Source: www.iclr.co.uk
“For the purposes of paragraph 3(7)(c) of schedule 5 to the Coal Industry Act 1994 the requirement that the rules of a new pension scheme be ‘no less advantageous’ than the previous scheme was not the same as a requirement that the rules of the new scheme be the same as the rules of the pre-existing scheme. The omission of a pro-rating provision from draft rule 33 of the Schedule to the Industry-Wide Coal Staff Superannuation Scheme Regulations 1994 (SI 1994/2973) was not a mistake in drafting and the rule fell to be construed in accordance with its express terms.”
WLR Daily, 20th December 2012
Source: www.iclr.co.uk
“The financial sector will no longer be allowed to use gender as a determining factor in the assessment of risk and therefore the price of premiums and benefits from Friday 21 December 2012.”
Full story (PDF)
Cloisters, 19th December 2012
Source: www.cloisters.com
“Anna Heenan, solicitor and David Salter, Joint Head of Family Law at Mills & Reeve LLP analyse December’s financial remedies and divorce news and cases.”
Family Law Week, 4th January 2013
Source: www.familylawweek.co.uk
“What changes can workers expect from their employers in the coming year? Employment law expert Edward Goodwyn of Pinsent Masons, the law firm behind Out-Law.com, looks ahead to some significant changes.”
OUT-LAW.com, 4th January 2013
Source: www.out-law.com
Pensions Ombudsman v EMC Europe Ltd and others: [2012] EWHC 3508 (Ch); [2012] WLR (D) 382
“The Pensions Ombudsman had no jurisdiction to entertain a complaint by a scheme member to set aside a compromise agreement where successful determination of the complaint would adversely affect the rights of the parent company in circumstances where it was a necessary party to any claim to set aside the agreement but was not subject to the ombudsman’s jurisdiction.”
WLR Daily, 14th December 2012
Source: www.iclr.co.uk
“Male pensioners will lose up to £10,000 in retirement income due to the
introduction this week of European Court rules banning sex discrimination by
financial firms, a report warns.”
Daily Telegraph, 20th December 2012
Source: www.telegraph.co.uk
