All DLA Piper articles – Page 2
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News
HMRC buys more time on EU VAT issue
HM Revenue & Customs has delayed its guidance on alternative solutions for employers seeking to recover value added tax on defined benefit pension administration costs, prompting speculation that a decision will not be made until Brexit negotiations advance further.
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FeaturesHP scheme reboots parent company guarantee
The Hewlett-Packard Limited Retirement Benefits Plan has replaced its parent company guarantee following a major corporate reorganisation, resulting in improved terms for members.
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OpinionWhat does the new IORP directive mean for UK schemes?
At the end of June the European Parliament, Council and Commission agreed a new IORP directive for occupational pension schemes which, once in force, will replace the existing 2003 IORP directive.
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News
Companies slow to update life cover as LTA bites
A recent report found only a quarter of the surveyed companies have excepted life assurance policies in place, despite potential disruption by the new lifetime and annual allowance limits.
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News
Johnston Press longevity study cuts deficit by £53m
Regional publishing group Johnston Press has cut its IAS 19 deficit by £63m in the past year, with close to 85 per cent arising from changes to the mortality assumptions.
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OpinionHow to prepare for legal and regulatory change
Pensions legislation seems to be subject to continual change and is now supplemented by a raft of codes of practice and guidance from the Pensions Regulator.
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NewsCourt rules same-sex pension benefit ceiling to remain
News Analysis: Schemes dodged a potential £3bn cost hike this week, as the legal position on the equalisation of pension benefits for same-sex partners withstood further challenge in the courts.
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News
How scrapping short-service refunds affects DC and employer costs
Trustees and sponsors of workplace defined contribution schemes need to review their scheme rules, administrative processes and member communications to reflect the abolition of short-service refunds on October 1.
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Opinion
The legal issues troubling trustees around DC flex
The new pensions flexibilities present a range of new considerations for schemes.
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News
Code raises scheme defences against pension scammers
A code of practice to help schemes battle pension scams has been welcomed by the industry, but experts remain divided over the legal burden faced by trustees processing transfer requests.
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Features
Shell surpasses legal minimum by equalising same-sex spouse benefits
Shell has gone above the legal minimum to guarantee same-sex married couples equal spousal benefits in its defined benefit pension fund, while other schemes have maintained a tiered benefit for same-sex partners.
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FeaturesTfL faces fresh demands for contract worker DB membership
Transport union RMT has reignited calls for all Transport for London employees undertaking work on a contract basis to be allowed to join its defined benefit pension fund.
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NewsEmployers consider RPI/CPI switch as gap widens
Consultants have reported more employers trying to overcome the difficulties of switching from using the retail price index to the consumer price index to reduce scheme liabilities as the gap between the two measures widens.
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News
How to protect your scheme from liberation scams
Trustees are being warned to prepare robust exit contracts to prevent members claiming future benefits if a pension transfer is deemed a scam.
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Opinion
Steps to take to equalise your guaranteed minimum pensions
The vexed question of how to equalise your guaranteed minimum pensions remains unanswered, but hopefully not for much longer. Pensions minister Steve Webb has indicated that guidance will be published in spring 2014.
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Features
NHS trust saves £700k in early retirement ruling
Schemes may be able to save on benefits after a ruling in the Court of Appeal permitted the early dismissal of one NHS employee on the grounds of cost.
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