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Newsletter
July/August 2014
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of August 2014.
Audio
22 August 2014
UK Pensions Law - The View from Mayer Brown
Richard Goldstein talks about the Government’s response to its “Freedom and Choice in Pensions” consultation on the new changes to the way that members can access their DC benefits from April 2015, and the recently published draft Taxation of Pensions Bill.
Legal Update
August 2014
Mayer Brown Legal Update
We are pleased to present the August 2014 edition of our Trustee Quarterly Review.
News Releases
1 August 2014
Leading global law firm Mayer Brown, instructed by the Klesch Group General Counsel, David Green, advised the global industrial company on the contract to buy Milford Haven oil refinery in Wales.
Newsletter
May/June 2014
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of June 2014.
Audio
22 July 2014
UK Pensions Law - The View from Mayer Brown
Richard Goldstein talks about the Law Commission’s recent report on fiduciary duties in the investment chain.
Legal Update
21 July 2014
Mayer Brown Legal Update
In the 2014 Budget, the Government announced what it called “the most fundamental reform to the way people access their pensions in almost a century”.
Legal Update
July 2014
Mayer Brown Legal Update
The regulatory amendments drawn up by the Secretary of State for Work and Pensions following the outcome in Trustees of Olympic Airlines SA Pension & Life Assurance Scheme v Olympic Airlines SA have been drafted narrowly and may end up protecting no one other than the beneficiaries of the Olympic Airlines pension scheme.
Audio
18 June 2014
UK Pensions Law - The View from Mayer Brown
In this episode Richard Goldstein talks about recent developments in DC governance.
Legal Update
June 2014
Mayer Brown Legal Update
The Court of Justice of the European Union has recently decided that where a worker has a contractual right to commission that is calculated by reference to sales achieved by the worker, the statutory holiday pay paid to that worker must take into account that commission. In other words, employers must pay commission during periods of annual leave to workers with contractual commission entitlements.
Legal Update
May 2014
Mayer Brown Legal Update
The Department for Work and Pensions has published the long-awaited final version of the regulations implementing the new statutory definition of "money purchase benefits".
Newsletter
March/April 2014
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of April 2014.
Legal Update
May 2014
Mayer Brown Legal Update
We are pleased to present the May 2014 edition of our Trustee Quarterly Review.
Legal Update
20 May 2014
Mobility-Directive enters into force on May 20, 2014
Mayer Brown Legal Update
Today, on May 20, 2014, the Directive 2014/50 of the European Parliament and of the Council on minimum requirements for enhancing worker mobility between Member States by improving the acquisition and preservation of supplementary pension rights, shortly referred to as the Mobility-Directive, enters into force. Once transposed, this Directive will cause significant, cost-relevant changes to the law on occupational pensions in Germany.
Brochure
May 2014
One-stop shop for legal advice on all aspects of occupational pensions
Occupational pensions in Germany have long been more than just a discretionary benefit granted by employers. Today, an efficient occupational pension plan is an essential component of retirement security – something that is necessary to enable pensioners to maintain their standard of living after retirement.
Media Coverage
15 May 2014
LexisPSL
London Pensions partners Richard Evans and Jonathan Moody explain the purpose of the new EU rules on the acquisition and preservation of supplementary pension rights and how they could affect current UK pensions legislation.

This article was first published on and is reproduced with the kind permission of Lexis®PSL Pensions on 15 May 2014.
Audio
29 April 2014
UK Pensions Law
In this fourth pilot episode, Richard Goldstein talks about a number of recent European cases on the charging of VAT on services provided to occupational pension schemes and their implications for DB and DC schemes in the UK and their sponsoring employers.
Media Coverage
23 April 2014
Engaged Investor
Comment piece by Pensions senior associate Beth Brown on the High Court judgment on the IBM UK Holdings Ltd v Dalgleish and others case.
17 April 2014
Professional Adviser
London Pensions partner Andrew Block is quoted in an article on the potential impact of DB to DC pension transfers and asks how schemes should communicate with members.
Book
April 2014
(January 2013)
The Trustee Guide is a user-friendly summary of the pensions law and regulatory framework within which trustees of occupational pension schemes in the UK operate. 
Audio
26 March 2014
UK Pensions Law
In this third pilot episode, Richard Goldstein talks about the Budget 2014 and its implications for both DB and DC schemes, in particular the likely impact of the removal of restrictions in the way in which members take their DC benefits.
Legal Update
March 2014
Mayer Brown Legal Update
On 13 March 2014, the Court of Justice of the European Union (the “CJEU”) released its decision in the “ATP” case, which was about the VAT treatment of investment management services provided to defined contribution (“DC”) occupational pension schemes. The CJEU decided that investment management services supplied to DC schemes that satisfy certain criteria are exempt from VAT.
Newsletter
January/February 2014
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of February 2014.
Legal Update
20 March 2014
Mayer Brown Legal Update
Am 18. März 2014 hat das Bundesarbeitsgericht (BAG) eine Bestimmung in einer Versorgungsordnung für unwirksam erklärt, nach der ein Anspruch auf eine betriebliche Altersrente nicht besteht, wenn der Arbeitnehmer bei Erfüllung einer zehnjährigen Wartezeit bereits das 55. Lebensjahr vollendet haben muss.
Legal Update
March 2014
Mayer Brown Legal Update
In yesterday’s Budget, the Government announced what it described as “the most fundamental reform to the way people access their pensions in almost a century”.
Audio
28 February 2014
UK Pensions Law
In this second pilot episode, Richard Goldstein talks about the implications of same sex marriage for occupational pension schemes and the provisions of the Pensions Bill 2013/2014 that is currently going through Parliament.
Legal Update
February 2014
Mayer Brown Legal Update
We are pleased to present the February 2014 edition of our Trustee Quarterly Review.
Legal Update
February 2014
Mayer Brown Legal Update
On 3 February 2014, HM Revenue & Customs (“HMRC”) published new guidance on the recovery of VAT paid on pensions administration and investment management services provided to pension schemes. The guidance was required as a result of last year’s Court of Justice of the European Union (“ECJ”) decision in the PPG case.
Newsletter
November/December 2013
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of December 2013.
Audio
28 January 2014
UK Pensions Law
In this first pilot episode Richard Goldstein, partner in our Pensions group, talks about pensions liberation and defined ambition.
Broschüre
Januar 2014
One-Stop Shop für Rechtsfragen der betrieblichen Altersversorgung
Betriebliche Altersversorgung ist schon lange mehr als eine freiwillige Sozialleistung des Arbeitgebers. Eine Vollversorgung im Alter setzt heute eine leistungsstarke Betriebsrente als wesentlichen Baustein voraus.
Newsletter
September/October 2013
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of October 2013.
Legal Update
November 2013
Mayer Brown Legal Update
We are pleased to present the November 2013 edition of our Trustee Quarterly Review.
News Releases
7 October 2013
Mayer Brown has been appointed as legal adviser on two of the Pensions Protection Funds (PPF) newly-created legal panels following a comprehensive competitive tendering process.
White Paper
October 2013
Mayer Brown White Paper
German Employment Law is said to be complex and employee-friendly. However, if understood and used wisely, its rules can offer chances for the entrepreneur in the German market.
Newsletter
July/August 2013
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of August 2013.
Legal Update
September 2013
Mayer Brown Legal Update
A recent decision of the Court of Justice of the European Union has raised fresh hopes that it may be possible to recover VAT paid on fees for investment management services provided to pension schemes.
Legal Update
August 2013
Mayer Brown Legal Update
We are pleased to present the August 2013 edition of our Trustee Quarterly Review.
Legal Update
19 August 2013
Mayer Brown Legal Update

From 1 October 2013, trustees of schemes that provide bridging pensions will have wide new powers to modify their bridging pension rules in light of changes to state pension age (“SPA”). Employer consent will be required in all cases.

This article provides a summary of the background to the new powers and how they will work.

Newsletter
May/June 2013
Mayer Brown Newsletter
The Bulletin for Pensions Manager is a high-level summary of developments which may be of interest to pensions mangers. This issue covers developments to the end of June 2013.
Newsletter
Ausgabe 02/2013
Entwicklungen und Entscheidungen
Mayer Brown Newsletter
Rechsprechung und Aktuelles
Legal Update
25 July 2013
Mayer Brown Legal Update
The Supreme Court yesterday issued its decision in the long-running case concerning financial support directions (“FSDs”) issued by the UK Pensions Regulator to various companies in the Nortel and Lehman groups. The case considered where a company's obligations under an FSD should rank in relation to its other debts if the company was insolvent when the FSD was issued.
Media Coverage
24 July 2013
Pensions Age
Pensions partner Andrew Block is quoted in an article on a Supreme Court judgment on the ranking of creditors in the administration of Nortel/Lehman and the consequent impact for pensions professionals.

This article is also reported in Investment & Pensions Europe.
Legal Update
24. Juni 2013
Mayer Brown Legal Update
In einer vor wenigen Tagen veröffentlichten Entscheidung vom 14. November 2012 (2 Sa 837/10) hat das LAG Nürnberg sich mit den Anforderungen an die Insolvenzfestigkeit eines Contractual Trust Arrangements (CTA) beschäftigt. Im Ergebnis hat es dem streitgegenständlichen CTA die Insolvenzfestigkeit abgesprochen.
Presentation
June 2013
The German Perspective
Newsletter
March/April 2013
Mayer Brown Newsletter
The Bulletin for Pensions Managers is a high-level summary of developments which may be of interest to pensions managers. This issue covers developments to the end of April 2013.
Newsletter
May 2013
Mayer Brown Newsletter
We are pleased to present the May 2013 edition of our Trustee Quarterly Review.
Media Coverage
9 May 2013
Accountancy Age
Restructuring, Bankruptcy & Insolvency partner Devi Shah and Pensions partner Martin Scott are quoted in an article about a Supreme Court judgment on balance sheet insolvency and the point at which companies should be declared insolvent.
Media Coverage
9 May 2013
Pensions Age
London Pensions partner Martin Scott is quoted in an article about a Supreme Court judgment on balance sheet insolvency in the Eurosail case.
Media Coverage
9 May 2013
Professional Pensions
Restructuring, Bankruptcy & Insolvency partner Devi Shah and Pensions partner Martin Scott are quoted in an article about a Supreme Court judgment on balance sheet insolvency and the point at which companies should be declared insolvent.
Legal Update
26. April 2013
Mayer Brown Legal Update
Die außerplanmäßige Erhöhung der Beitragsbemessungsgrenze im Jahre 2003 führt doch nicht zu einer auslegungsbedürftigen Regelungslücke.
Legal Update
8 April 2013
Mayer Brown Legal Update
New regulations which came into force on 6 April 2013 will affect the amendment of post-1997 contracted-out rights and bulk transfers.
Newsletter
January/February 2013
Mayer Brown Newsletter
The Bulletin for Pensions Managers is a high-level summary of developments which may be of interest to pensions managers. This issue covers developments to the end of February 2013.
Newsletter
Ausgabe 01/2013
Entwicklungen und Entscheidungen
Mayer Brown Newsletter
Rechtsprechung und Aktuelles
Media Coverage
15 March 2013
Investment & Pensions Europe
Ed Parker, head of London's Derivatives & Structured Products practice, is quoted in an article about how many pension funds are unprepared for the introduction of the new regulation.
Legal Update
12 March 2013
Mayer Brown Legal Update
On 7 March 2013, the Court of Justice of the European Union released its long-awaited decision in the “Wheels” case, which was about the VAT treatment of investment management services provided to defined benefit (“DB”) occupational pension schemes (and the common investment funds in which their assets are sometimes pooled).

It decided that investment management services supplied to DB schemes (and associated common investment funds) are not exempt from VAT.
Media Coverage
25 February 2013
Employee Benefits
London Pensions partner Martin Scott is quoted in an article about employers should consider when implementing auto-enrolement strategies
Newsletter
February 2013
Mayer Brown Newsletter
PPF levy deadlines: don’t forget them if you use a contingent asset to reduce your levy; Finance Bill 2013 – more tax changes; State pension reform – the end of contracting-out; Pensions Regulator consults on regulation of DC pension schemes; Government responds to consultation on equal marriage;Transfers to DB arrangements – annual allowance issues; PPF confirms approach to levy and GMPs;  Derivatives – implications of EMIR for pension schemes; Future proposed changes to Fair Deal policy; Government publishes proposals for flexible parental leave; Mayer Brown Pension Scheme Governance programme re-launched; Upcoming Pensions Group events at Mayer Brown; Dates and deadlines
Newsletter
November / December 2012
Mayer Brown Newsletter
The Bulletin for Pensions Managers is a high-level summary of developments which may be of interest to pensions managers. This issue covers developments to the end of December 2012.
Legal Update
18 January 2013
Mayer Brown Legal Update
On 14 January 2013, the Government published a White Paper setting out detailed proposals for the introduction of a single-tier state pension including, as a result, proposals for the abolition of contracting-out.
Legal Update
7 December 2012
Mayer Brown Legal Update
On Wednesday the Chancellor delivered his Autumn Statement which contained a number of pensions-related announcements. These included a reduction in both the annual allowance and the lifetime allowance and two consultations on aspects of defined benefit funding.
Newsletter
September/October 2012
Mayer Brown Newsletter
The Bulletin for Pensions Managers is a high-level summary of developments which may be of interest to pensions managers. This issue covers developments to the end of October 2012.
Legal Update
November 2012
Mayer Brown Legal Update
Bridging pensions and increases to state pension age; Record-keeping and data targets: Regulator reminder; Maintaining contributions to DC schemes: revised code of practice; Rectification of trust documents: recent cases; Consultation on 2013/2014 PPF levy; Automatic enrolment finally starts; Consultation on changes to the Retail Prices Index; GMP equalisation: the current state of play; ECJ hears the Wheels VAT case; FATCA: intergovernmental agreement; Upcoming Pensions Group events at Mayer Brown; Dates and deadlines

Legal Update
12 October 2012
Mayer Brown Legal Update
On 1 October the staged implementation of auto-enrolment officially began with the UK's largest employers, those employing over 120,000 people, becoming subject to the new duty to enrol their workers into a pension scheme. 16 smaller employers accelerated their staging date to 1 October, including the Pensions Regulator.
2 October 2012
The Pensions Regulator has issued a consultation paper on changes to its codes of practice on reporting late payment of contributions to defined contribution pension schemes and new accompanying guidance.
Legal Update
7 September 2012
Mayer Brown Legal Update
The Pensions Regulator (the "Regulator") has issued a press release reminding pension scheme trustees of their obligation to achieve the Regulator's scheme data targets by the end of the year.
Newsletter
August 2012
Mayer Brown Newsletter
The new Code of Practice on incentive exercises; Proposed new rules on bulk transfers and changing contracted-out rights; Capping pensionable pay increases by contractual agreement; The way forward for small DC pension pots?; Abolition of protected rights: short service refunds; TUPE: clarification on the transfer of enhanced early retirement rights; TUPE transfers from public sector schemes: changes ahead; Automatic enrolment: recent changes; The Takeover Code: extension to pension scheme trustees?; Upcoming Pensions Group events at Mayer Brown; Dates and deadlines

Legal Update
31 July 2012
Mayer Brown Legal Update
The Pensions Regulator has published a statement setting out its approach to the issuing of financial support directions ("FSDs") in insolvency situations.
Media Coverage
2 July 2012
Financial News
Coverage of Andrew Block's hire to the Pensions practice.
Media Coverage
27 June 2012
CITY A.M.
Coverage of Andrew Block's hire to the Pension's practice.
Media Coverage
27 June 2012
legalweek.com
Further coverage of recent hires - Andrew Block, Jeremy Kenley and Chris Harvey.
Legal Update
June 2012
Mayer Brown Legal Update
TUPE transfers: early retirement provisions; Capping pensionable pay increases: contractual agreement
News Releases
26 June 2012
Mayer Brown, a leading global law firm, has appointed Andrew Block as a partner to the Pensions group in London. Andrew was previously a partner at Travers Smith, before that having worked and trained at Linklaters.
Legal Update
11 June 2012
Mayer Brown Legal Update
A voluntary "Code of Good Practice" on Incentive Exercises (the "Code") has been published by a Working Group drawn from organisations across the pensions industry. While not officially published by the Government, it does explicitly have the approval of Pensions Minister Steve Webb MP. The Code is designed to ensure that incentive exercises such as enhanced transfer value exercises and pension increase exchanges are undertaken in line with good practice principles. The Code is accompanied by a set of Practitioners' Notes.
Legal Update
May 2012
Mayer Brown Legal Update
The Pensions Regulator: annual funding statement; Fixed protection and life cover: clarification; Pension rights during bankruptcy: undrawn pensions
Legal Update
May 2012
Mayer Brown Legal Update
Pensions Regulator statement on scheme funding – business as usual?; CPI switch made simpler; Abolition of protected rights – amending scheme rules; Transfers of GMPs and section 9(2B) rights: rules are relaxed; Age discrimination – is cost a justification?; Fixed protection – HMRC changes its mind; Budget 2012 – changes to tax treatment of asset-backed pension contributions; The Pensions Regulator issues another FSD; EU pensions reforms and Solvency II; FATCA – relief at last for UK schemes?; Upcoming Pensions Group events at Mayer Brown; Dates and deadlines
Media Coverage
2 May 2012
PLC
Mayer Brown Pensions team discuss the pension scheme switches to CPI and amendments to The Pensions Regulations 2012.
Legal Update
27 April 2012
Mayer Brown Legal Update
The long awaited decision from the Supreme Court in the case of Seldon v Clarkson Wright and Jakes has resulted in Mr Seldon (a partner in the law firm, CWJ, forced to retire at 65) losing his appeal. It is not quite the end of the road for Mr Seldon as the case has been remitted to the Tribunal to determine one final point. However, there is no doubt that this decision will create a significant challenge for employers seeking to justify a compulsory retirement age.
Legal Update
April 2012
Mayer Brown Legal Update
Employer consultation requirements: revaluation and indexation; Pension scheme: switching to CPI
Legal Update
March 2012
Mayer Brown Legal Update
Asset-backed pension contributions; New contracting-out regulations; Auto-enrolment: consultation on exemption for overseas workers
Legal Update
March 2012
Mayer Brown Legal Update
HM Revenue & Customs ("HMRC") has announced a change in its stance on whether continued insured life cover for members with fixed protection will result in the loss of such protection.
Media Coverage
29 March 2012
PLC
Mayer Brown discusses new contracting out regulations, asset-back pension contributions and auto-enrolment
Legal Update
15 March 2012
Mayer Brown Legal Update
The High Court has considered a case about a scheme whose rules expressly allow the trustees to change the index which they use to work out increases to pensions in payment and the revaluation of deferred pensions.
Media Coverage
1 March 2012
PLC
Mayer Brown discusses GMP equalisation
Media Coverage
1 March 2012
Pensions Insight
Quarterly survey of the pension industry's legal advisors. Mayer Brown is among those firms commented on.
Media Coverage
1 March 2012
PLC
Bylined article by joint head of London's RBI group Devi Shah and Pensions partner Martin Scott discussing the Determinations Panel of the Pensions Regulator's decision to issue ITV with an FSD
Legal Update
February 2012
Mayer Brown Legal Update
Asset-backed contributions; Employer debt; PPF Levy Determination; Costs orders in pension scheme litigation
Legal Update
February 2012
Mayer Brown Legal Update
Finalised amendments to the Employer Debt Regulations; Section 251 Pensions Act 2004; New PPF levy framework; GMP equalisation consultation; Test-Achats – one year on; Short service refunds and dealing with small pension pots; Indexation: lawful index switch and potential scrapping; Reform of EU data protection laws; 6 April 2012 – don’t forget... ; Dates and deadlines
Media Coverage
1 February 2012
Pension Funds Online
London Pensions partner Martin Scott discusses the proposal to end enforced inflation guarantees
White Paper
February 2012
Mayer Brown White Paper
Established more than 100 years ago the German Pension System – often perceived as an old-fashioned dinosaur – has been subject to a number of reforms to make it fit for the challenges of the future.
Legal Update
30 January 2012
Mayer Brown Legal Update
The Pensions Regulator has issued a financial support direction ("FSD") to ITV plc ("ITV") and four of its subsidiaries in connection with the Boxclever Group Pension Scheme (the "Scheme"). ITV has appealed the issuing of the FSD to the Upper Tribunal.
Media Coverage
27 January 2012
Professional Pensions
London Pensions partner Anna Rogers and London head of Intellectual Property Mark Prinsley discuss the EC's proposals to enhance data protection compliance throughout Europe
Legal Update
27 January 2012
Mayer Brown Legal Update
The European Commission (“EC”) has proposed a comprehensive reform of EU data protection laws. Whilst at first glance the proposals may give pension schemes cause for concern, they have no immediate implications as they will not take effect for at least two years.
Legal Update
January 2012
Mayer Brown Legal Update
The Government has published a consultation, which closes in April, on a possible methodology for the equalisation of guaranteed minimum pensions (“GMPs”). Under this approach, schemes would have to do dual male and female calculations for each member and pay the higher benefit.
Legal Update
November 2011
Mayer Brown Legal Update
News Releases
1 November 2011
Mayer Brown
Mayer Brown, a leading global law firm, announced today that Chambers UK 2012 ranked the firm in 37 categories, including five top-band rankings: Dispute Resolution - Highly Regarded; Professional Negligence - Financial; Professional Negligence - Insurance; Professional Negligence - Legal; and Professional Negligence - Technology & Construction.
Legal Update
31 October 2011
Mayer Brown Legal Update
This update looks at the long-running case brought by the National Association of Pension Funds (the “NAPF”) and Wheels Common Investment Fund Trustees (“Wheels”) (and others) against HMRC and the decision of the First-Tier Tax Tribunal (the “Tribunal”) to make a reference of certain issues central to that case to the European Court of Justice (the “ECJ”).
Legal Update
27 October 2011
Mayer Brown Legal Update
By-lined article by London Pensions partner Martin Scott, Litigation partner Devi Shah and Pensions associate Beth Brown discussing insolvency and pension deficits
Legal Update
17 October 2011
Mayer Brown Legal Update
The Court of Appeal has confirmed that the costs of complying with Financial Support Directions (“FSDs”) proposed to be issued to certain Nortel and Lehman companies by the Pensions Regulator (“TPR”) qualify as “super priority” administration expenses, payable in priority to unsecured creditors, floating charge holders and the administrators’ own fees.
Legal Update
31 August 2011
Mayer Brown Legal Update
Legal Update
7 July 2011
Mayer Brown Legal Update
The Government is proposing to amend (for a twelfth time!) the Regulations under s75 Pensions Act 1995. The amendments would make it easier to vary the basis on which liability is shared between employers.
Media Coverage
30 June 2011
Financial News
London Restructuring and Insolvency partner Devi Shah quoted in an article discussing private sector pension schemes
Media Coverage
16 June 2011
Professional Pensions
Mayer Brown lawyers quoted in article discussiong The Pensions Regulator's issuance of scaled-down Bonas contribution notice. Password protected.
Media Coverage
6 June 2011
Financial News
London Pensions partner Martin Scott quoted in discussing pensions legislation following the Silentnight insolvency deal
Legal Update
1 June 2011
Mayer Brown Legal Update
Important guidance from the Court of Appeal on the interpretation of Pension Scheme Trust Deeds and Rules
Media Coverage
31 May 2011
Financial News
London Pensions partner Philippa James and Corporate partner Stephanie Bates quoted in article discussing pensions disclosures in M&A deals.
Newsletter
25 May 2011
Mayer Brown Newsletter
Entwicklungen und Entscheidungen
Legal Update
May 2011
Mayer Brown Legal Update
The European Court of Justice (ECJ) recently ruled that the use of sex-specific factors by insurers will be prohibited from 21 December 2012. This decision does not prevent UK occupational pension schemes from using sex-specific factors.
Legal Update
April 2011
Mayer Brown Legal Update
This is an important case about the employer’s duty of good faith, in particular in the context of discretionary pension increases.
Media Coverage
April 2011
Pensions Age
London Pension Litigation partners Philippa James and Stuart Pickford offer an update on the recent legal decision to cut back the circumstances in which trustees can go to court to unwind past decisions
Media Coverage
March 2011
Practical Law Company
London Employment & Benefits partner Ian Wright discusses the new lower limits for tax relief on annual pension savings that apply
Media Coverage
28 March 2011
The Lawyer
Bylined article by London Pensions partner Philippa James and London Litigation partner Stuart Pickford discusses the financial challenges faced by occupational pension schemes.
Media Coverage
17 March 2011
Professional Pensions
London Litigation partner Stuart Pickford and London Pensions partner Ian Wright quoted on the UK Court of Appeal’s decision to eliminate the Hastings Bass ruling.
Legal Update
10 March 2011
Mayer Brown Legal Update
A recent Court of Appeal ruling will make it harder for trustees to unscramble past decisions. Trustees’ decisions have been successfully revisited in a string of cases over the last twenty years but the scope for this has now been further cut back.
Legal Update
4 March 2011
Mayer Brown Legal Update
UK occupational pension schemes are not directly subject to the widely-publicised decision on Tuesday in the case of Test-Achats, in which the European Court of Justice (ECJ) ruled that insurers will have to use unisex rates. But they will have to adapt to it and plan for the future.
Media Coverage
1 March 2011
Pensions World
Bylined article by London Pensions partner Martin Scott discusses auto-enrolment compliance for the UK’s Pensions Bill 2011.
Article
28 February 2011
Author
Pensions World
This article first appeared in a slightly different form in Pensions World, 28 February 2011

All employers will have to make compulsory pension provision under the personal accounts regime in the four years following October 2012. The Government has had for some time a name for its personal accounts scheme – National Employment Savings Trust (NEST). Most of the key legislation is in place, although changes to the eligibility requirements and voluntary waiting periods are contained in the Pensions Bill 2011.

Legal Update
28 February 2011
Mayer Brown Legal Update
The Government is consulting on proposals which would clarify how occupational pension schemes will be affected by the decision last year to use the consumer prices index (CPI), instead of the retail prices index (RPI), as the measure of inflation used to determine minimum increases to deferred pensions and pensions in payment.
Media Coverage
17 February 2011
Professional Pensions
London Pensions partner Martin Scott comments on the ground-breaking pensions deal between Uniq, its pension scheme trustees and the Pension Protection Fund. Subscription required.
Media Coverage
10 February 2011
Pensions Age
London Pensions partner Martin Scott comments on the ground-breaking pensions deal between Uniq, its pension scheme trustees and the Pension Protection Fund.
Media Coverage
January 2011
Chase Cambria Company (Publishing) Limited
Bylined article Devi Shah, Jessica Walker and Martin Scott
Legal Update
25 January 2011
Mayer Brown Legal Update
In June of last year The Pensions Regulator (TPR) issued, for the first time, a contribution notice of just over £5 million, ordering a Belgian company, Michel Van De Wiele, (VDW) to make good a gap in the pension scheme (Scheme) of its UK subsidiary, Bonas UK Limited (Bonas), which it claimed had been placed into administration to avoid maintaining the Scheme.
Article
2011
International Corporate Rescue, Volume 8, Issue 1
A new category of super priority insolvency expense has been established by the High Court which will have wide ranging implications for the restructuring world. Mr Justice Briggs held that the costs of complying with Financial Support Directions (‘FSDs’) issued by The Pensions Regulator (‘TPR’) qualify as administration expenses, payable in priority to unsecured creditors,floating charge holders and the administrator’s own remuneration and expenses.
Media Coverage
13 December 2010
Pensions & Investments
London partners Martin Scott and Devi Shah quoted on a recent London court ruling that bankrupt parent companies based outside of the UK can be held financially responsible for the funding shortfalls in their UK subsidiaries’ defined benefit plans.
Legal Update
December 2010
Mayer Brown Legal Update
The High Court has this morning decided that the costs of complying with Financial Support Directions (“FSDs”) issued to certain Nortel and Lehman companies by the Pensions Regulator (“TPR”) earlier this year qualify as “super priority” administration expenses, payable in priority to unsecured creditors, floating charge holder and the administrator’s own costs.
Legal Update
10 December 2010
Mayer Brown Legal Update
Following several months’ consultation, the Pensions Regulator has published new guidance on incentive exercises. This replaces the Regulator’s original guidance published in January 2007.
Legal Update
November 2010
Mayer Brown Legal Update
News Releases
23 November 2010
Mayer Brown
Mayer Brown, a leading global law firm, announced the promotion of 32 of its lawyers worldwide to partner. The appointments take effect January 1, 2011.
Legal Update
November 2010
Mayer Brown Legal Update
The DWP has made changes to the Disclosure Regulations for occupational pension schemes. The changes take effect on 1 December 2010.
News Releases
1 November 2010
The government announced on Wednesday 27 October, its response to the independent review on auto-enrolment work. The personal accounts regime introduces, from October 2012, compulsory employer pension contributions for the first time. The National Employment Savings Trust (NEST) is the government approved savings vehicle.
Media Coverage
1 November 2010
Practical Law Company
by Ian Wright
Legal Update
October 2010
Mayer Brown Legal Update
The review on behalf of the Department for Work and Pensions (DWP) has been completed. The recommended changes are few and sensible, and reflect what many in the pensions industry were calling for.
Legal Update
October 2010
You will recall that section 251 Pensions Act 2004 appeared to be drafted more widely than intended, restricting payments to employers. The DWP have now responded to lobbying on this issue. They wrote to us last week to say that they will amend the le
Mayer Brown Legal Update
Legal Update
15 October 2010
Mayer Brown Legal Update
The Government announced its proposals for the tax treatment of high earners on 14 October.
Legal Update
October 2010
Regulated Apportionment Arrangements. The Pensions Regulator has issued a statement on regulated apportionment arrangements and employer insolvency
Mayer Brown Legal Update
Newsletter
August 2010
Mayer Brown Newsletter
Issue 148
Article
19 August 2010
The Government intends to use the Consumer Prices Index rather than the Retail Prices Index in future to work out the minimum increases that schemes must make to deferred pensions and pensions in payment.
News Releases
9 August 2010
Leading international law firm Mayer Brown has advised Davis Langdon, a global construction consultancy, on its US$324 million takeover by AECOM Technology Corporation, a global provider of professional, technical and management support services. The acquisition has been approved by Davis Langdon shareholders and partners, and is subject to customary closing conditions, including necessary regulatory and third party approvals.
Article
August 2010
International Corporate Rescue, Volume 7, Issue 3
by Devi Shah, Richard Evans and Catherine Pedler
News Releases
12 July 2010
The UK Government has announced that it intends to change the measure of inflation used for working out statutory minimum increases to pensions from defined benefit occupational pension schemes.
Legal Update
9 July 2010
Mayer Brown Legal Update
Do employers have to pay pension contributions for employees in the UK?
Legal Update
9 July 2010
Mayer Brown Legal Update
The UK Government has announced that it intends to change the measure of inflation used for working out statutory minimum increases to pensions from defined benefit occupational pension schemes. Instead of basing these increases on the Retail Prices Index (RPI), in future it will use the Consumer Prices Index (CPI). The change will apply to revaluation in deferment as well as increases to pensions in payment.
News Releases
8 July 2010
The European Commission yesterday published its Green Paper “Towards adequate sustainable and safe European pension systems”.
Legal Update
July 2010
Mayer Brown Legal Update
The Pensions Regulator (“TPR”) has for the first time issued a contribution notice of £5 million, ordering a Belgian company, Michel Van De Wiele, (“VDW”) to make good a gap in the pension scheme of its UK subsidiary, Bonas UK Limited (“Bonas”), which it claimed had been placed into administration to avoid maintaining the fund. The contribution notice was issued on 29 June 2010.
News Releases
1 July 2010
Judgment in the so-called 'pilots case' (PNPF Trust Company Ltd v Taylor) was handed down this week (28 June 2010) from the High Court. The case concerns the liability of various entities to contribute to the Pilots’ National Pension Fund, an industry-wide scheme for marine pilots. The scheme was unusual in that many of its members were technically self-employed, but some of the issues raised are of wider relevance to occupational schemes in general.
Legal Update
June 2010
Mayer Brown Legal Update
The Pensions Regulator recently announced its campaign to improve governance and administration. With this in mind Mayer Brown is offering pension scheme clients a free half day training workshop.
News Releases
30 June 2010
A determination notice to issue a contribution notice of £5 million, in relation to the Bonas Group Pension Scheme, was published yesterday by the Pensions Regulator (TPR). This is the first time that TPR has issued a contribution notice.
News Releases
28 June 2010
Leading international law firm Mayer Brown has advised longstanding client Scott Wilson Group plc in connection with the recommended cash offer for Scott Wilson announced by URS Corporation this morning. The offer of 210p per share values Scott Wilson at approximately £161m and is to be effected by way of scheme of arrangement.
White Paper
26 May 2010
Mayer Brown White Paper
Transferring and funding of pension liabilities is a topic of undiminished importance for corporates engaged in business in Germany. This brochure provides a brief outline of the motivations and advantages of outsourcing of pension liabilities and explains some well proven structuring options.
News Releases
26 May 2010
Taken in the round, the new Government’s proposals on pensions seem to be a step in the right direction towards ensuring good quality pension provision continues, but only at this stage a small step.
Legal Update
May 2010
Mayer Brown Legal Update
The Court of Appeal has given guidance on what constitutes a money purchase benefit and on what benefits are “derived from” a member’s voluntary contributions.
Legal Update
May 2010
Mayer Brown Legal Update
Legal Update
April 2010
Mayer Brown Legal Update
A little known provision of the Pensions Act 2004 seemingly (the exact scope of the section being unclear) prevents any payment of surplus to an employer except where there has been an appropriate trustee resolution under section 251 Pensions Act 2004. Although the section is aimed at surplus in ongoing schemes, it arguably extends to surplus on winding-up as well.
Legal Update
April 2010
Mayer Brown Legal Update
Issue 146
Legal Update
April 2010
Mayer Brown Legal Update
Securities lending: guidance for trustees
News Releases
8 April 2010
Last week's budget confirmed that the government was pushing ahead with proposals to restrict pensions tax relief for high earners (broadly those earning over £150,000).
Legal Update
March 2010
Mayer Brown Legal Update
Whatever the outcome of the forthcoming UK General Election it seems likely that a package of private pension reforms will take effect in April 2012, compelling employers for the first time to make pension contributions for more or less all their employees. The main structure of the legislation will be on the statute book in April 2010.
Legal Update
March 2010
Mayer Brown Legal Update
Following consultation last autumn, the Government is once again changing the Regulations under s75 Pensions Act 1995.
Legal Update
March 2010
Mayer Brown Legal Update
A number of deadlines for PPF levy purposes will soon be upon us. Trustees who want to minimise their PPF levies will need to ensure that the deadlines are not missed. Employers may also have an interest here – since they will pick up levy costs, directly or indirectly.
Legal Update
February 2010
Mayer Brown Legal Update
In an important decision late last year (Independent Trustee Services Ltd v Hope), the High Court ruled that trustees should not use a power to buy-out members’ benefits in order to improve their members’ position at the expense of the Pension Protection Fund (“PPF”).
Legal Update
February 2010
Mayer Brown Legal Update
Issue 145
Article
1 January 2010
Are hybrid schemes unfair to DC members?
Legal Update
8 December 2009
Mayer Brown Legal Update
A UK pension scheme's corporate trustee has been found to be in breach of the Data Protection Act 1998 (the "DPA") after it reported the theft of a laptop computer containing the names, addresses, dates of birth, salaries and national insurance numbers of around 100,000 individuals.
Legal Update
Autumn 2009
Mayer Brown Legal Update
Following an informal consultation in late 2008, the DWP is now consulting formally about changes to the Employer Debt Regulations made under s75 Pensions Act 1995.
Legal Update
12 November 2009
Mayer Brown Legal Update
The High Court has ruled in Independent Trustee Services Limited v Hope & others that a proposed arrangement which would have “selected against” the Pension Protection Fund would not be a proper exercise of a trustee’s powers.
Legal Update
September 2009
Mayer Brown Legal Update
Issue 143
Legal Update
September 2009
Mayer Brown Legal Update
The Government last week published its second batch of draft legislation about the introduction of personal accounts. The legislation is to come into effect in the autumn of 2012.
News Releases
24 September 2009
The Department for Work and Pensions today issued a consultation document covering the regulatory framework for auto enrolment and qualifying schemes.
News Releases
18 September 2009
The Government's consultation on changing the Employer Debt Regulations was launched yesterday. This focuses on the debts which arise when one employer in a multi-employer pension scheme stops employing active members.
Legal Update
14 September 2009
Mayer Brown Legal Update
Der Ruhegeldsenat des Bundesarbeitsgerichts (BAG) hat in einer am 10. September 2009 im Volltext veröffentlichten Entscheidung (3 AZR 695/08) entschieden, dass Versorgungszusagen, die die Höhe betrieblicher Altersversorgungsleistungen auf Grundlage der so genannten „gespaltenen Rentenformel“ berechnen, in aller Regel lückenhaft sind. Das kann zu erhöhten Zahlungsverpflichtungen für Versorgungsschuldner führen.
Legal Update
August 2009
Mayer Brown Legal Update
Issue 142
Legal Update
3 August 2009
Mayer Brown Legal Update
As we explained in our client alert of 9 July, the Court of Appeal issued its decision in the Foster Wheeler case about equalisation of pension benefits on 8 July 2009. The Court of Appeal overturned the original decision of the High Court.
Legal Update
July 2009
Mayer Brown Legal Update
Issue 142
News Releases
9 July 2009
The UK Court of Appeal’s long awaited decision in the Foster Wheeler case about equalisation of pension benefits was issued yesterday. The Court of Appeal found in favour of the sponsoring employer, overturning the decision of the High Court.
Legal Update
June 2009
Mayer Brown Legal Update
Issue 141
Legal Update
May 2009
Mayer Brown Legal Update
Issue 140
Legal Update
22 May 2009
Mayer Brown Legal Update
Over three years have passed since A-Day and gaps in the UK pensions tax simplification legislation continue to be identified and filled. The Registered Pension Schemes (Authorised Payments) Regulations fill some gaps by broadening the range of authorised member payments.
White Paper
15 May 2009
Mayer Brown White Paper
In Germany, an economy with 82 million people, funded occupational pension schemes are a comparatively rare phenomenon. Since the foundation of the Federal Republic of Germany, state pension provision has been very strong and occupational pensions have merely served as a supplement to state provision.
Legal Update
5 May 2009
Mayer Brown Legal Update
For the majority of pension scheme members, Alistair Darling's 2009 Budget has no material pension implications. However, for individuals earning more than £150,000 a year ("high earners") its impact could be both immediate and, in the longer term, serious.
Legal Update
April 2009
Mayer Brown Legal Update
Issue 139
News Releases
11 March 2009
11 March 2009 – The Department for Work and Pension’s (DWP) further consultation in the area of flexible retirement closed yesterday. Leading international law firm Mayer Brown submitted a detailed response, in which they argued that the two proposed exemptions to the age regulations would not achieve the government’s stated intention of encouraging the employment of older workers.
Legal Update
March 2009
Mayer Brown Legal Update
Issue 138
Legal Update
6 March 2009
Mayer Brown Legal Update
Although no final decision has yet been reached regarding whether employers can lawfully force people to retire at the age of 65, yesterday’s European Court of Justice (“ECJ”) decision can be seen as good news for employers.
Newsletter
3 March 2009
Spring Trustee Quarterly Pensions Review
Mayer Brown Newsletter
Spring Trustee Quarterly Pensions Review Welcome to our Spring 2009 trustee quarterly review. In this edition we review: a worrying judgment on equalisation; Pensions Act 2008 changes being brought into force; the Pensions Regulator’s (tPR) consultation on the “material detriment” test under the moral hazard legislation; tPR statement to employers on the impact of current economic conditions; proposed inclusion of investment strategy in calculating the PPF’s risk based levy; limited consultation on changes to the employer debt regulations; limited consultation on the treatment of surpluses; the draft Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations; GMP conversion; and further flexible retirement consultation;
News Releases
30 January 2009
30 January 2009 – The Pensions Act 2008 potentially reduces, as a cost saving measure, the minimum amount of revaluation increases for deferred pensioners from 5% Limited Price Indexation (LPI) to 2.5% LPI. Where statutory revaluation increases are ‘hard coded’ into a pension scheme rules, the change will automatically happen. In other cases, it may require a scheme amendment.
Legal Update
January 2009
Mayer Brown Legal Update
Issue 137
News Releases
19 December 2008
19 December 2008 - The US Bankruptcy Court has approved the settlement in the high-profile Chapter 11 case involving Sea Containers Ltd.
Newsletter
15 December 2008
Mayer Brown Newsletter
December 2008 - Issue 136
Newsletter
Winter 2008
Mayer Brown Newsletter
Winter 2008 - Welcome to our Winter review. In this edition we review: Cases concerning scheme funding and Section 75; Government issues its response to the consultation on the Myners principles; PPF news on 2008/09 and 2010/11 levies; Progress of the Pensions Bill; The Pensions Regulator (“tPR”) conflicts guidance; Changes to pension sharing calculations; Changes to notifiable events; and tPR statement on current market turmoil
Newsletter
October 2008
Mayer Brown Newsletter
October 2008 - Issue 135
Legal Update
29 October 2008
Mayer Brown JSM Legal Update
The Equal Opportunities Commission has published a draft Code of Practice on Employment under the Race Discrimination Ordinance ("RDO"). This is an important document. It sets out the provisions of the RDO in an easy to read format. It is designed to educate employers and employees and, in particular, should enable employers to begin to plan for the impact of the Ordinance.
Legal Update
28 October 2008
Mayer Brown Legal Update
The UK Pensions Regulator (“tPR”) has announced that it is issuing a statement to the trustees of all work-based pension schemes setting out its general position in relation to current market conditions.
Newsletter
24 October 2008
Mayer Brown Newsletter
24 October 2008 - UK Pensions Regulator Statement to Trustees on Its Approach to Current Market Conditions
News Releases
22 October 2008
Mayer Brown
22 October 2008 - The Government has, this week, introduced amendments to the Pensions Bill which extend the Pensions Regulator’s anti avoidance powers.
Newsletter
21 October 2008
Mayer Brown Newsletter
21 October 2008 - Government Moves to Extend Moral Hazard Powers
Brochure
14 October 2008
Legal Update
8 October 2008
Mayer Brown Legal Update
8 October 2008 - The Government announced a “new framework” for changing how trustees use the Myners principles on best practice in investment decision-making and its views on updating those principles in Updating the Myners principles: a response to consultation (October 2008).
Article
3 October 2008
Autumn 2008 - Welcome to our Autumn review. In this edition we review: cases on scheme funding, trustee liability, civil partners, age discrimination and the use of a corporate trustee structure; HMRC’s revised money laundering guidance; the progress of the Pensions Bill; the DWP consultation about GMP conversion; and various announcements and consultations from the Pensions Regulator.
Article
30 September 2008
October 2008 - Issue 134
Legal Update
24 September 2008
Mayer Brown Legal Update
24 September 2008 - The Advocate-General, senior adviser to the European Court of Justice (ECJ), yesterday published his Opinion concluding that current British law which allows employers to compel workers to retire at 65 is not automatically discriminatory, as a rule like that could in principle be objectively justified in its national context.
Newsletter
10 September 2008
Mayer Brown Newsletter
September 2008 - The funding of occupational pension schemes has become a must for corporates in the German marketplace. As more and more corporates look for ways to fund their pension liabilities, the need to optimize investment of pension assets means there are far-reaching opportunities for financial institutions.
News Releases
4 September 2008
Mayer Brown
4 September 2008 - Although the full details have not been made public, it has emerged that following negotiations with the Pensions Regulator and Duke Street, Duke Street has made a payment of a further £8m into the Focus DIY Pension Fund.
Newsletter
15 August 2008
Mayer Brown Newsletter
August 2008 - Issue 133
Legal Update
12 August 2008
Mayer Brown JSM Legal Update
The Mandatory Provident Fund Schemes (Amendment) Ordinance 2008 (the "Amendment Ordinance") will come into force on 1 November 2008. In addition to streamlining certain administrative procedures for MPF trustees, the Amendment Ordinance also introduces changes in relation to the calculation of mandatory contributions and the enforcement actions available to the Mandatory Provident Schemes Authority (the "MPFA").
Article
6 August 2008
6 August 2008 - HMRC Clarify Money Laundering Requirements For Paid Trustees
Article
5 August 2008
5 August 2008 - Discrimination Cases
Article
31 July 2008
July 2008 - Winding up: avoiding delays and Corporate trustees
Newsletter
23 July 2008
Mayer Brown Newsletter
23 July 2008 - The Pensions Regulator delays changes to longevity proposals
Newsletter
16 July 2008
Mayer Brown Newsletter
July 2008 - The Companies Act 2006 makes a number of changes that directors of all companies, including pension trustee companies, should be aware of. Some parts of the Companies Act 2006 are already in force, others come into force in October 2008, others in October 2009.
Newsletter
June 2008
Mayer Brown Newsletter
June 2008 - Issue 131 - The High Court has clarified the treatment of hybrid schemes on winding-up
Newsletter
1 June 2008
Mayer Brown Newsletter
June 2008 - Issue 130 - The High Court has clarified that employer contributions to "secure" scheme benefits do not need to be at buy-out level
Newsletter
May 2008
Mayer Brown Newsletter
May 2008 - DWP issues consultation on "The powers of the Pensions Regulator: Amendments to the anti-avoidance Measures in the Pensions Act 2004"
Newsletter
12 May 2008
Mayer Brown Newsletter
12 May 2008 - The Timetable sets out key developments and deadlines in the pensions arena.
News Releases
17 April 2008
Mayer, Brown, Rowe & Maw LLP
17 April 2008 - The Government announced on Monday that it intends to extend the Pensions Regulator's powers under the "moral hazard" legislation. The proposed changes will be the subject of consultation over the next eight weeks, but the plan is for them to apply as from the date of the announcement, 14 April 2008.
Newsletter
15 April 2008
Mayer Brown Newsletter
15 April 2008 - The Government yesterday announced that it intends to extend the Pensions Regulator's powers under the "moral hazard" legislation. The proposed changes will be the subject of consultation over the next eight weeks, but the plan is for them to apply as from the date of the announcement, 14 April 2008.
Newsletter
April 2008
Mayer Brown Newsletter
April 2008 - Clearance guidance revised and released
Newsletter
1 April 2008
Mayer Brown Newsletter
April 2008 - Mortality assumptions; Conflicts of interest; Winding-up - The Pensions Regulator (the Regulator) is consulting on guidance relating to mortality assumptions (draft guidance).
Newsletter
18 March 2008
Mayer Brown Newsletter
March 2008 - 31 March is the deadline for submitting to the Pension Protection Fund information which could reduce your 2008/09 Pension Protection Fund levy.
Newsletter
18 March 2008
Mayer Brown Newsletter
March 2008 - Pensions aspects of the 2008 budget - For any Chancellor it was never going to be easy to follow Brown.   The 2008 budget demonstrates that one approach is to go green.
Newsletter
18 March 2008
Mayer Brown Newsletter
March 2008 - The Government has at last issued Regulations which will amend the law as to "employer debts" under s75 Pensions Act 1995. The amending Regulations were issued on 14 March 2008 and will come into force on 6 April 2008.
Newsletter
11 March 2008
Mayer Brown Newsletter
March 2008 - In our February client alert on the above subject, we said that we would contact you again once we had received a response from HMRC to our letter of early January. We have now received a reasonably helpful response which may clarify your position as to whether the regulations may or may not apply to your situation.
Newsletter
20 February 2008
Mayer Brown Newsletter
20 February 2008 - New Anti-Money Laundering requirements to impact Trustees
Newsletter
15 February 2008
Mayer Brown Newsletter
February 2008 - Contract-based schemes; Sea Containers Limited; Final salary pensions.
Newsletter
January 2008
Mayer Brown Newsletter
January 2008 - Pensions Bill; Scheme rules: drafting errors; Financial Assistance Scheme; Scheme funding regime
Brochure
28 January 2008
28 January 2008 - JP Morgan Claverhouse Investment Trust plc v Commissioners of HM Revenue & Customs ("Claverhouse") was a tax case concerning whether fund management services supplied to an investment trust company are exempt from VAT.
News Releases
7 January 2008
International law firm Mayer Brown is pleased to announce that Christopher Holmes joined the firm's Pensions group on 3 December 2007 as a Professional Development Lawyer ("PDL").
Newsletter
Winter 2007
Mayer Brown Newsletter
Winter 2007 - Planned changes for internal dispute resolution procedures
Newsletter
December 2007
Mayer Brown Newsletter
December 2007 - Dispute resolution procedures; Age discrimination case; Lindorfer - different actuarial factors for men and women may be unlawful sex discrimination
Newsletter
11 December 2007
Mayer Brown Newsletter
11 December 2007 - The European Court of Justice (ECJ) recently decided that the use of sex-specific transfer factors under the unfunded "pay as you go" European Union pension scheme amounted to unlawful sex discrimination. Some industry commentators have suggested that this decision (the case was called Lindorfer) throws doubt on the legality of the continued use of sex-specific factors by UK occupational pension schemes.
Newsletter
Winter 2007
Mayer Brown Newsletter
Winter 2007 - Draft regulations and a draft code of practice have been published, setting out less prescriptive requirements for internal dispute resolution procedures. The Government plans to bring these changes into effect in April 2008.
Newsletter
October 2007
October 2007 - In addition to Andrew White's monthly contribution to the Legal Panel feature run by Professional Pensions magazine, and his and Edward Jewitt's monthly pensions update for PLC magazine, we have recently contributed the following speeches a
Mayer Brown Newsletter
Newsletter
October 2007
Mayer Brown Newsletter
October 2007 - Age Discrimination; Employer Debt; Alternative to Buy-Out
Newsletter
Autumn 2007
Mayer Brown Newsletter
Autumn 2007 - Consultation on employer debt laws
Newsletter
August 2007
Mayer Brown Newsletter
August 2007 - Employer Debt legislation; Winding-up priority order; Pensions Act 2007.
Newsletter
8 August 2007
Mayer Brown Newsletter
8 August 2007 - Proposed amendments to "employer debt" Regulations
Newsletter
31 July 2007
Mayer Brown Newsletter
July 2007 - Sea Containers - First issue of Financial Support Directions. The Pensions Regulator has decided to issue two Financial Support Directions. Directors' Indemnities - The legislation concerning indemnities for directors of trustee companies is being amended on 1 October 2007.
Article
25 June 2007
25 June 2007 - Trustees can face conflicts of interest and conflicts of duty. If they don't manage them properly, trustees' decisions can be overturned unless they show the decision reached was fair and reasonable in the circumstances.
Newsletter
21 June 2007
Mayer Brown Newsletter
21 June 2007 - The Pensions Regulator (“TPR”) announced on 18 June 2007 that it intends to issue a Financial Support Direction (“FSD”) against Sea Containers Limited (“SCL”). This would be the first FSD issued by TPR.
Newsletter
19 June 2007
Mayer Brown Newsletter
June 2007 - Pensions Ombudsman, GAD Passports, and Compromise Agreements and Oral Contracts.
Newsletter
Summer 2007
Mayer Brown Newsletter
Summer 2007 - Pensions Regulator publications
Newsletter
June 2007
Mayer Brown Newsletter
June 2007 - Employer's contributions. The High Court has ruled that pension scheme trustees could apply the scheme's employer contribution rule after the Scheme Funding Regime in the Pensions Act 2004 came into force but before the scheme's first schedule of contributions under that regime had become effective.
Article
7 May 2007
The Lawyer
Derivatives are key in managing the deficits in defined benefit pension funds. 
Newsletter
7 May 2007
Newsletter
April 2007
Mayer Brown Newsletter
April 2007 - Pension benefits on insolvency; Pension rights during maternity and adoption leave; Payment of lump sum death benefits.
Newsletter
29 March 2007
Mayer Brown Newsletter
29 March 2007 - Pensions Regulator addresses risk to members in defined contribution schemes
Newsletter
26 March 2007
Mayer Brown Newsletter
26 March 2007 - Enhanced maternity and adoption rights impact on pension accrual
Article
23 March 2007
23 March 2007 - 2007 Budget: insolvency and pension schemes - how much help is on offer? What is the FAS and why are there concerns about its scope?
Newsletter
March 2007
Mayer Brown Newsletter
March 2007 - s75 debt; Pensions Reform; Age Regulations; Scheme Booklets.
Newsletter
Spring 2007
Mayer Brown Newsletter
Spring 2007 - Guidance by the Pensions Regulator; Rule amendments for Section 75 debts; Pensions Bill; Relationship between scheme rules and booklet; Pensions Regulator disqualifies Trustee.
Article
21 February 2007
19 February 2007 - The European Court of Justice has ruled* that the UK Government has failed to adequately implement the Council Directive on Employer Insolvency. The ECJ said that the system of protection did not need to offer full protection but that the protection the system afforded was inadequate. The ECJ referred the case back to the High Court for a final decision on whether the Government was liable for damages.
Newsletter
February 2007
Mayer Brown Newsletter
February 2007 - High Court rules on when amendments disqualify a scheme from the PPF.
Newsletter
February 2007
Mayer Brown Newsletter
February 2007 - News Alert - Pensions Regulator issues discussion paper on scheme abandonment.
Newsletter
24 January 2007

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