UK - A test case could resolve part-timer issues over backdated pension contribution repayments, lawyers claim.
The case – Light v Birmingham City Council – is due to be heard in Nottingham in March.
Linklaters pensions litigation partner Mark Blyth said the case will resolve many outstanding part-timer claims over how contributions should be calculated when a employee is given backdated membership.
He said: “The question is how should these issues be dealt with – by one lump sum payment or by retrospective scheduling? Also, should these contributions have interest added on?”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.