Watchdog to ban penalties for savers accessing pensions – Daily Telegraph

Posted May 26th, 2016 in fees, financial regulation, news, penalties, pensions by tracey

Penal charges applying to people who want to access their retirement savings are to be banned by the City watchdog, the Financial Conduct Authority.’

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Daily Telegraph, 26th May 2016

Source: www.telegraph.co.uk

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Bill-by-bill summary: Queen’s Speech at-a-glance – BBC News

‘The Queen has announced the government’s legislation for the year ahead, at the state opening of Parliament. Here is a bill-by-bill guide to what is in the 2016 Queen’s Speech.’

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BBC News, 18th May 2016

Source: www.bbc.co.uk

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Existing laws ‘putting people’s pensions at risk’ – BBC News

Posted May 9th, 2016 in inquiries, insolvency, news, pensions, select committees by sally

‘The chancellor has been warned that gaps in existing pension laws “could put the retirement savings of many thousands of people at risk”.’

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BBC News, 7th May 2016

Source: www.bbc.co.uk

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Pension changes deter would-be judges, says lord chief justice – The Guardian

Posted April 28th, 2016 in judiciary, news, pensions, select committees, taxation by tracey

‘George Osborne’s decision to impose a £10,000 tax-free cap on pension contributions is deterring well-paid lawyers from becoming judges, the lord chief justice has said.’

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The Guardian, 27th April 2016

Source: www.guardian.co.uk

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Finance & Divorce Update, April 2016 – Family Law Week

‘Edward Heaton, Principal Associate and Jane Booth, Associate, both of Mills & Reeve LLP analyse the news and case law relating to financial remedies and divorce during March 2016.’

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Family Law Week, 8th April 2016

Source: www.familylawweek.co.uk

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Five new laws coming in today and how they will affect you – The Independent

Posted April 7th, 2016 in banking, capital gains tax, dogs, interest, news, pensions, visas by sally

‘Following the introduction of the National Living Wage and unwelcome increases to council tax, today sees another wave of new laws come into force in the UK.’

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The Independent, 6th April 2016

Source: www.independent.co.uk

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Watchdog launches review of pension freedoms amid concerns over mis-selling – Daily Telegraph

Posted April 6th, 2016 in financial regulation, news, pensions by tracey

‘A major review of new pension freedoms announced by George Osborne last year is to be carried out by the Financial Conduct Authority amid fears of mis-selling.’

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Daily Telegraph, 6th April 2016

Source: www.telegraph.co.uk

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Ten new laws that come into force in April 2016 – and how they affect you – The Independent

‘April 2016 is a month of big changes for people living and working in the UK. A number of new laws and policies are coming into force, affecting just about everyone from public sector workers to dog owners. Here’s what the new laws could mean for you.’

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The Independent, 3rd April 2016

Source: www.independent.co.uk

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Harold Shipman timed suicide to ensure his wife got £100k pension pay out – The Independent

Posted March 22nd, 2016 in death in custody, news, pensions, suicide by sally

‘Serial killer Harold Shipman timed his suicide so his wife could cash in a £100,000 pension payout, according to secret prison records. ‘

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The Independent, 20th March 2016

Source: www.independent.co.uk

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New law needed for pension protection, says minister – BBC News

Posted March 10th, 2016 in news, pensions, select committees by sally

‘A new law is needed to protect workers’ savings held by companies that provide auto-enrolment pension schemes, a minister has said.’

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BBC News, 9th March 2016

Source: www.bbc.co.uk

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Pensions litigation included in civil court procedure guide for first time – OUT-LAW.com

Posted March 4th, 2016 in civil procedure rules, news, pensions by tracey

‘Official guidance covering the use of the High Court’s Chancery division has been updated to include specific provision for pensions litigation for the first time. Pensions litigation claims can involve hundreds of millions of pounds and affect thousands of individuals.’

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OUT-LAW.com, 2nd March 2016

Source: www.out-law.com

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Pension offsetting: a question for the Family Court, or for an actuary? – Tanfield Chambers

Posted February 24th, 2016 in divorce, financial provision, news, pensions by sally

‘In ancillary relief litigation, whose responsibility is it to quantify the value of future pension benefits and their non-pension substitutes if offsetting is being considered? What method should be applied to any comparison of pension and non-pension assets?’

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Tanfield Chambers, 16th February 2016

Source: www.tanfieldchambers.co.uk

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English courts taking ‘increasingly pragmatic’ approach to correcting pension scheme deeds, says expert – OUT-LAW.com

Posted February 11th, 2016 in courts, documents, employment, news, pensions, rectification by sally

‘A run of recent decisions shows the “increasingly pragmatic approach” that the courts in England are adopting when faced with applications to fix mistakes in pension scheme deeds, an expert has said.’

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OUT-LAW.com, 9th February 2016

Source: www.out-law.com

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High Court clarifies cost effective procedure allowing pension trustees to correct mistakes – OUT-LAW.com

Posted January 20th, 2016 in costs, news, pensions, trusts by sally

‘The High Court has taken the unusual step of publishing a short judgment which sets out how pension scheme trustees can use an administrative procedure to correct errors in the scheme rules in a cost effective way.’

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OUT-LAW.com, 15th January 2016

Source: www.out-law.com

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High Court clarifies cost effective procedure allowing pension trustees to correct mistakes – OUT-LAW.com

Posted January 18th, 2016 in costs, news, pensions, trusts by tracey

‘The High Court has taken the unusual step of publishing a short judgment which sets out how pension scheme trustees can use an administrative procedure to correct errors in the scheme rules in a cost effective way.’

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OUT-LAW.com, 15th January 2016

Source: www.out-law.com

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High Court upholds Pensions Regulator’s approach to auto-enrolment of peripatetic workers – OUT-LAW.com

Posted January 18th, 2016 in contracts, employment, judicial review, news, pensions by tracey

‘The eligibility of peripatetic workers for automatic enrolment onto workplace pension schemes in Great Britain depends on where the worker is based and not on what is set out in the worker’s contract, the High Court has said.’

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OUT-LAW.com, 15th January 2016

Source: www.out-law.com

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Tribunal dismisses challenge to tax charge resulting from use of ‘pension liberation’ scheme – OUT-LAW.com

Posted January 14th, 2016 in income tax, news, pensions, taxation, tribunals by sally

‘Money advanced in the form of a “loan” to the member of a so-called ‘pension liberation’ scheme was a “payment” for the purposes of the tax rules, and therefore subject to a 40% income tax charge and additional surcharge, a tax tribunal has ruled.’

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OUT-LAW.com, 13th January 2016

Source: www.out-law.com

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In re BCA Pension Plan – WLR Daily

Posted December 4th, 2015 in law reports, notification, pensions, trusts by tracey

In re BCA Pension Plan: [2015] EWHC 3492 (Ch); [2015] WLR (D) 502

‘Where the court made an order under section 48 of the Administration of Justice Act 1985 which directly related to the level of benefits that would be payable to members of a pension scheme, members should be told of the order unless there were compelling reasons to the contrary.’

WLR Daily, 2nd December 2015

Source: www.iclr.co.uk

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City watchdog probes new ‘bank account’ pensions for rip-off fees – Daily Telegraph

Posted November 26th, 2015 in fees, financial regulation, news, pensions by tracey

‘The City watchdog has begun its first official probe into rip-off charges on new flexible “bank account” pensions over fears they are depriving pensioners of hundreds of pounds a year.’

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Daily Telegraph, 26th November 2015

Source: www.telegraph.co.uk

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Gay man loses fight to secure equal pension rights for husband – The Guardian

‘A gay man has lost his appeal court bid to win his husband the same pension rights a wife would enjoy if he was in a heterosexual relationship.’

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The Guardian, 6th October 2015

Source: www.guardian.co.uk

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