Cybersecurity: a cautionary tale

Andrew Cork

Data protection and cybersecurity are undoubtedly hot topics in the pensions world at the moment – and will continue to be so for some time.  As part of our regular training to clients, we talk a lot about the structural protection that needs to be in place, such as drafting supplier contracts correctly and monitoring Read More

When delays can be taxing … the 5 April deadline

Angela Stafford

No matter how good your scheme administration is, slip-ups can happen for a variety of reasons – human error, member misunderstanding, general administrative delays – but with the end of the tax year looming, the consequences of a mistake, particularly relating to DC contributions, can be much more significant.  The annual allowance rules are increasingly Read More

Survivor benefits – in the news (again)

Jason Shaw

The Supreme Court recently unanimously declared that the unmarried partner of a deceased member should be paid a survivor benefit to which she was not entitled under the scheme rules (the existing rule being unlawfully discriminatory): In the matter of an application by Denise Brewster for Judicial Review (Northern Ireland). Trustees and sponsors of private Read More

Financial Support Directions: issues for banks and lenders

Jason Shaw

With the high profile collapse of BHS and two subsequent Parliamentary inquiries, the role and powers of the Pensions Regulator have come under close scrutiny since the second half of 2016. This spring, the government is planning to issue a discussion paper on various issues related to defined benefit pension schemes; it is perhaps no Read More

Can’t pay? Have to pay – correcting underpaid lump sums

Helen Powell

It’s not uncommon for a pension scheme to discover that a mistake has led to a pension being put into payment at less than the correct amount. There are helpful regulations to deal with payment of pension arrears, and plenty of industry experience of dealing with this kind of problem. What trustees can’t easily do, Read More