If you are filling out your scheme return from November 2011 you will need to answer the question “who is your statutory employer?”
Archive for the ‘The Pensions Regulator’ Category
Do you know who your “statutory” employers are?
Friday, 23 September 2011Burning issues on the horizon for pension scheme trustees and pensions managers
Thursday, 18 August 2011Pension scheme trustees and pensions managers often ask us about the burning legal issues on the horizon that will need to be dealt with in the next quarter. Auto-enrolment, pensions tax, flexible drawdown and identifying your statutory employers seem to be the favourites. (more…)
When is two years not enough? When it comes to the Pensions Regulator’s powers to issue a financial support direction
Tuesday, 3 May 2011Since coming into force in April 2005, the goal posts on the Pensions Regulator’s moral hazard powers have moved a number of times and are set to move again, assuming that the Pensions Bill 2011 is enacted in its present form.
Pension contribution notices – What did we learn from Bonas?
Tuesday, 5 April 2011When my clients enter into transactions or corporate restructurings involving defined benefit schemes the moral hazard powers of the Pensions Regulator are often a worry. They want to know whether the Regulator could use its powers to issue a contribution notice or financial support direction on parties involved in the transaction and what would happen if it did. Contribution notices force an immediate cash payment into a scheme but financial support directions are more about long term support for a scheme where the actual sponsor can’t support the scheme by itself.
Lehmans financial support directions: Who’s afraid of the big bad wolf (or the Pensions Regulator)?
Thursday, 23 September 2010We are beginning to see the Pensions Regulator flex his muscles. The last six months have seen the first Contribution Notice served and an appetite for a fight with the Canadian courts in the Nortel determination.
The latest example comes this week with a determination to throw a Financial Support Direction around the Lehman Brothers group, presumably with the intention of maximising the potential recovery for the Lehman’s final salary scheme.
