Defined benefit arrangements
23 February 2018 - Nadia Karavias
The Pensions Regulator has imposed fines on the trustees of Pakistan International Airlines’ pension scheme (£500 each for failure to provide audited accounts for two years), and on the trustees of six schemes for failure to comply with the content requirements of the Chair’s statement. Potential fines are a frequent concern for trustees: who pays › Read More
Crisis in outsourcing? What happens if an administrator fails?
31 January 2018 - Helen Powell
In the wake of the collapse of Carillion, headlines about profit warnings from other outsourcing specialists are bound to set off warning bells. Capita has just announced a significant restructuring programme following a profit warning, including a refocusing on its core businesses. It may be that there are no implications for its pension scheme administration › Read More
Information gathering powers – the risk of non-compliance
18 January 2018 - Caroline Overton
For those of us working in the occupational pensions arena, Brighton Magistrates’ Court is not where we typically expect to see a pensions dispute play out. However, recently we saw rich coverage of Dominic Chappell’s four days in that very establishment, culminating in a criminal conviction for failing to provide information to the Pensions Regulator, › Read More
02 November 2017 - Rebecca Peet
High earners hit by the tapered annual allowance may be liable to pay some or all of their tax charge from savings – could voluntary scheme pays be the answer? › Read More
TPR and the BHS pension schemes – (not quite) the last word…
06 July 2017 - Caroline Overton
The settlement agreement reached in relation to the BHS pension schemes, followed by the publication last week of the Pensions Regulator’s regulatory intervention report, may mark the end of the long-running, high-profile BHS pensions saga. This is therefore an appropriate moment to take a step back and consider what these milestones mean in practice. › Read More