Hogan Lovells
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
When and how to correct benefits
There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.
A safe harbour: How the Dock Workers Pension Fund reached buyout
Key players in the Dock Workers Pension Fund tell James Phillips the tale of getting to endgame ahead of plan
MNOPF completes £1.6bn buy-in with PIC
The trustees of the £3bn Merchant Navy Officers Pension Fund (MNOPF) have secured £1.6bn of members’ pension benefits through a buy-in transaction with Pension Insurance Corporation (PIC).
Why trustees need to think about financial sanction checking
Trustees don't usually think about financial sanctions. But Edward Brown says they should be aware of the issue and take steps to minimise risks.
PPI appoints seven governors
The Pensions Policy Institute (PPI) has appointed seven further governors to join over 100 already in post.
DWP fixes 'nonsensical' no-deal Brexit investment regulations
The Department for Work and Pensions (DWP) has amended draft no-deal Brexit regulations to remove a provision which would have made scheme investments illegal.
How no-deal Brexit rules could see schemes in breach of law
The government has outlined how scheme investment regulations would be changed in the event of a no-deal Brexit. James Phillips explores the impact.
GMP equalisation: Eight action points for pension schemes
Hogan Lovells sets out what pension funds need to do for equalising guaranteed minimum pensions (GMP) in light of the landmark Lloyds judgment.
Was the Ombudsman wrong over landmark Northumbria Police Authority scam ruling?
Edward Brown says the Pensions Ombudsman's maladministration ruling against the Northumbria Police Authority for its handling of a transfer out of the Police Pension Scheme is an 'uncomfortable' decision.
Nortel scheme to exit PPF assessment with £550m to boost benefits
The Nortel Networks UK Pension Scheme will boost benefits for members and leave Pension Protection Fund (PPF) assessment, nine years after the collapse of the US-based telecommunications company.
Where do pension funds rank as creditors in insolvencies?
As the government considers reviewing where schemes rank in insolvencies, James Phillips explores how likely it is for schemes to be able to recover debts and if change is needed.
Esther McVey: Government to review priority of pensions in insolvency
The government has indicated it may change the order in which debts are recovered during an insolvency, putting pension schemes higher up the hierarchy.
Pirelli and PIC agree three buy-ins worth £100m
All past and current members of three Pirelli defined benefit (DB) schemes have had their benefits insured through buy-ins worth £100m with Pension Insurance Corporation (PIC).
Dock Workers fund completes £725m buy-in with PIC
The Former Registered Dock Workers Pension Fund has completed a £725m buy-in with Pension Insurance Corporation (PIC) in what is believed to be the biggest deal so far this year.
Tory plan to water down state pension inflation protection divides industry
The Conservative Party's plan to replace the state pension triple lock with a double lock has provoked mixed responses.
Settlement agreed in 'scorched earth' Nortel battle after eight years
Members of the Nortel Networks UK Pension Scheme are due to receive more than £1bn after a settlement was agreed in a long-running court battle across two continents.
Cyber and data security: are pension scheme trustees ready?
Claire Southern looks at the issues trustees must be aware of around cyber-security
Pension scheme deficits - a problem with no solution?
Claire Southern thinks we need a new way of addressing defined benefit deficits
Could blockchain revolutionise pension administration and record keeping?
Blockchain is a technology which has received a lot of hype in financial services. It has started to touch banking but has yet to affect pensions. Michael Klimes investigates what it has to offer
Capping early exit charges will be arduous for trustees
A consultation into capping early exit charges for occupational pensions has revealed how "torturous and more opaque" the system is compared to personal pensions.
Halcrow prepares rescue plan for DB scheme
After a solution to save the Halcrow's DB scheme was ruled illegal by the High Court, the trustees are looking at an alternative option. Kristian Brunt-Seymour looks at the case.
SPP names Nolan as president
The Society of Pension Professionals (SPP) has elected Hugh Nolan as president effective from 1 June, succeeding Duncan Buchanan who is stepping down.
What can be done to prevent people having to work until their 80s?
PP looks at what how to stop people being forced to work and save until their 80s.
