All Legal articles – Page 15
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NewsBritvic seeks court approval for RPI/CPI switch
Soft drinks manufacturer Britvic is the latest business to attempt to switch the basis for its defined benefit pension increases from the retail price index to the consumer price index, with other companies reputedly queuing up to take legal advice on this very point.
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NewsBMA launches legal challenge over new NHS scheme suspension rules
The British Medical Association has issued legal proceedings against the government, challenging recent changes that enable the suspension of benefit payments when a National Health Service Pension Scheme member has been charged with certain criminal offences.
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ECJ ruling could force PPF to provide buyout uplift
On the go: An opinion given to the European Court of Justice by its Advocate General could mean that defined benefit lifeboats like the Pension Protection Fund have to cover the entire value of members’ benefits when their sponsor becomes insolvent.
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HMRC withdraws appeal in pensions tax case
HM Revenue & Customs has dropped a £400k legal battle with a pension saver who inadvertently exceeded his lifetime tax-free allowance, making further litigation more likely.
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Former charity chief pleads not guilty in £250k fraud
On the go: The former head of a charity for the disabled has pleaded not guilty to defrauding the charity’s pension scheme at a hearing at Winchester Crown Court on Tuesday.
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NewsResign over pensions dispute, RMT urges Grayling
The UK’s railway union called for the resignation of transport secretary Chris Grayling on Thursday, threatening strike action over the escalating railway procurement row.
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BMA launches legal challenge against govt over NHS pensions
On the go: The British Medical Association plans to take the government to court over discriminatory aspects of the NHS Pension Scheme, the trade union announced on Monday.
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NewsNorfolk Pension Fund wins legal case against US biotechnology company
The Norfolk Pension Fund has won a court case against an American pharmaceutical company and the company’s CEO and board chairman, with a jury finding them liable for securities fraud.
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XPS: ‘GMP equalisation will be less costly than feared’
On the go: The cost of addressing inequality in guaranteed minimum pensions may be a lot lower than expected at less than 1 per cent of total liabilities for over half of all schemes, according to consultancy XPS Pensions.
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OpinionThe legal view: Will Brexit affect regulation?
Crystal ball-gazing on Brexit is complicated by a febrile political environment, writes Walker Morris’ Ruth Bamforth, but in most scenarios regulation of pension schemes is likely to remain on the same course.
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Govt discriminated against younger judges and firefighters, court finds
The government has suffered another legal defeat over its handling of changes to pension provision for judges and firefighters, with a court maintaining that it discriminated against younger members and indirectly against ethnic minorities and women.
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Uber loses appeal over driver employment rights
On the go: Judges have dismissed an appeal against a ruling that Uber’s drivers should be treated as workers rather than as self-employed.
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OpinionEqualisation will dominate court cases in 2019
Equalisation of guaranteed minimum pensions dominated the legal headlines in 2018, and the issue looks set to rumble on in several cases next year, write Samantha Brown and Tim Smith of Herbert Smith Freehills.
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OpinionWill DC pensions be the next big litigation target in the UK?
A lack of engaged and educated savers in defined contribution means pension money is ‘sticky’ for providers. Redington’s Natalie Flood raises the prospect that where fiduciaries do not tackle legacy issues on behalf of their members, they could open themselves up to a backlash.
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NewsBT section must stick to RPI, Court of Appeal says
BT has lost an appeal seeking to allow it to downgrade the inflation protection given to some of its defined benefit members.
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GMP ruling could see £50bn of buy-ins restructured
On the go: Insurers are set to be deluged with a flood of requests to restructure buy-in contracts as a result of the High Court decision in the Lloyds Banking case, which held that guaranteed minimum pensions must be equal for men and women.
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Barnardo's scheme loses Supreme Court RPI appeal
On the go: Children's charity Barnardo's may not change the inflation protection it provides to members of its defined benefit scheme, the Supreme Court has ruled.
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NewsSupreme Court: Barnardo's wording does not allow RPI/CPI switch
The Supreme Court’s rejection of an attempt by Barnardo’s to downgrade its pension increases is a reminder that courts are unlikely to bend rules to accommodate the commercial needs of defined benefit sponsors, according to legal experts.
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PPF benefit top-up met with anger from solvent FAS members
The Pension Protection Fund’s plan to top up compensation where members receive less than half of their original pension unfairly misses out some members of the Financial Assistance Scheme, according to a pensions campaign group.
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PPF to top up pensions to 50% ahead of legislation
On the go: The Pension Protection Fund is to begin topping up the benefits of members whose compensation has fallen below half of their original entitlement “as quickly as possible”, after a European court found its current payment structure unlawful.