Sackers

Jenna Towler on why the DWP must get it right over s75

Government is set to overhaul section 75 debt regulations this autumn by introducing ‘group guarantees' as an alternative to the payment of employer debt, PP has learned.

The design of some occupational pension funds will be affected by the abolition of the default retirement age despite government promises schemes would not be affected, experts warn.

Some trustees risk their members being entitled to benefits based on uncapped salary when old Inland Revenue limits fall away after April 5, lawyers warn.

The legalisation of pre-nuptial agreements could make pensions on divorce more complex by putting limits on sharing orders, a lawyer warns.

Allowing members to pay the annual allowance charge from their pension pot could be "chaos" without clear guidance on the process, Sackers says.

Trustees might have run out of time to notify members and sponsoring employers of allowing future surplus payments to employers under section 251, lawyers say.

Sebastian Cheek says s251 extension confirmation is essential for trustees

Sackers solicitor Nigel Cayless introduces this month's legal panel: In July 2007, the Deregulatory Review identified pension scheme disclosure as an area that may benefit from a principles-based approach.

The High Court ruling granting trustees ‘super priority' in obligations arising from a financial support direction against insolvent companies "desperately cries out for legislative intervention", lawyers say.