Law and regulation

Gleeds scheme sponsors face £45m bill following High Court ruling

Professional Pensions | 17 Apr 2014 | 11:35 | To read this article you must be a subsriber

The sponsors of the Gleeds Retirement Benefits Scheme could face a £45m bill following a ruling in the High Court over the validity of the scheme’s deeds.

High Court London
Signing a contract

Gleeds Retirement Benefit Scheme and the £45m mistake

The facts of the recent High Court case involving the Gleeds Retirement Benefit Scheme may seem trivial, but their implication is anything but.

Professional Pensions | 17 Apr 2014 | 11:33 | To read this article you must be a subsriber

EU flags

Expat EU workers to enjoy fully transferable pension rights

EU employees moving to a different country will be able to take their full pension rights with them under a draft law passed by parliament this week.

Professional Pensions | 16 Apr 2014 | 12:29 | To read this article you must be a subsriber

Law and Regulation Articles

webb-steve-2012

Webb calls for flat rate 30% tax relief

Steve Webb has called for an overhaul of tax relief on pension contributions that would see a flat 30% rate introduced and the lifetime allowance axed.

Professional Pensions | 16 Apr 2014 | 11:37 | To read this article you must be a subsriber

money-grab

Pension liberation fraudsters ‘exploiting Budget to target savers’

Pension liberation fraudsters are targeting savers following the overhaul of defined contribution (DC) announced in this year’s Budget, JLT executive Margaret Snowdon says.

Professional Pensions | 15 Apr 2014 | 12:14 | To read this article you must be a subsriber

snowdon

Snowdon: Liberation fraudsters already taking advantage of Budget shocks

The Pension Liberation Industry Group was founded earlier this year, with JLT executive Margaret Snowdon leading collaboration between trustees, trade bodies, legal advisers, consumer representatives, providers and lawyers.

Professional Pensions | 15 Apr 2014 | 10:59 | To read this article you must be a subsriber

rejected

Ibstock must pay additional £140,000 PPF levy due to data error - UPDATED

Ibstock Pension Scheme must pay the additional £140,000 Pension Protection Fund (PPF) levy it received after submitting erroneous data in 2011, says the PPF Ombudsman.

Professional Pensions | 11 Apr 2014 | 16:49 | To read this article you must be a subsriber

visteon

VPAG for victory

Jack Jones looks at the campaign by former Visteon pension scheme members to get Ford to compensate them for losses incurred when the fund entered the PPF

Professional Pensions | 11 Apr 2014 | 11:51

webb-steve

Webb: Providers should have no part in retirement guidance

Steve Webb would be “nervous” about providers playing a part in the Chancellor’s guidance at retirement pledge.

Global Pensions | 10 Apr 2014 | 10:49

IBM Watson supercomputer

IBM High Court case: Waltz fails to impress judge

The long-running dispute between IBM UK and its defined benefit (DB) members moved another step forward this week.

Professional Pensions | 10 Apr 2014 | 07:00 | To read this article you must be a subsriber

Otto Thoresen

ABI says insurers ‘can deliver’ Osborne’s pension advice promise

The insurance industry is capable of cost effectively delivering the Chancellor’s ‘retirement advice for all’ pledge, but passing the “impartially test” would be challenging, Otto Thoresen has told MPs.

Professional Pensions | 08 Apr 2014 | 13:21 | To read this article you must be a subsriber

Crowd

Buzz: Letting savers cash in pots undermines CDC

Almost half of Buzz respondents said letting defined contribution (DC) savers take their pots in cash would undermine plans to introduce collective DC.

Professional Pensions | 04 Apr 2014 | 14:15 | To read this article you must be a subsriber

fraud

Buzz: Scrapping compulsory annuitisation is 'legalised liberation'

Almost half of respondents thought that getting rid of compulsory annuitisation would increase the threat of liberation fraud. Just over a third rejected the idea, however, and many claimed that the move had legalised liberation.

Professional Pensions | 04 Apr 2014 | 13:58 | To read this article you must be a subsriber

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dc-pensions

Achieving better member outcomes - A practical guide to DC pensions

Shedding light on the key challenges, the Aon Hewitt guide helps you identify what you are trying to achieve for your DC members and deliver a positive impact on their outcomes. The guide examines the current situation and existing challenges, and suggests potential solutions, with clear action points for employers and trustees.

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How smart is Smart Beta?

 

John Brown, Senior VP and Head of Global Client Development at INTECH Investment Management discusses whether or not ‘Smart Beta' is genuinely smart, and if it is really beta.

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