UK - Insolvent schemes in wind-up can use a hidden procedure in contracting-out rules to get members reinstated into the State Second Pension, a lawyer claims.
Under the procedure, the Inland Revenue must consider any move from trustees to hand over a member’s total assets for reinstatement into SERPS (which has now been replaced by the S2P), Hammond Sudd...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
