GMP conversion
Occupational pension schemes may convert GMPs into ordinary scheme benefits, provided five stringent conditions are met. Condition 1: Post-conversion benefits must be “actuarially at least equivalent to the pre-conversion...
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Occupational pension schemes may convert GMPs into ordinary scheme benefits, provided five stringent conditions are met. Condition 1: Post-conversion benefits must be “actuarially at least equivalent to the pre-conversion...
Consent Data Controller Data Processor Data Subjects Personal Data Personal Data Breach Processing Special Categories of Personal Data Consent consent of the data subject means any freely given, specific, informed and unambiguous...
On 12 July 2017, the Supreme Court handed down its judgment in the case of Walker v Innospec Limited. In a landmark ruling, it overturned the Court of Appeal’s 2015 judgment, and unanimously agreed that Mr Walker’s husband should be...
The judge found that the cut-off date, for limitation purposes, for the recovery of overpayments should be the date on which TPO received the scheme’s “Reply” to Mr Webber’s complaint. Background The Limitation Act 1980 provides...
The Court of Appeal has upheld the High Court’s decision, confirming that an application from a trustee in bankruptcy for access to a bankrupt’s pensions which were not yet in payment should be rejected. Background Income Payments...
The PPF provides compensation at two levels: 100% or 90%. Pension scheme members who are only entitled to receive 90% compensation are also subject to the compensation cap. If a pension scheme is eligible for PPF entry, the level of...
Guaranteed Minimum Pensions (GMPs) were introduced from 6 April 1978 to allow occupational DB pension schemes to contract-out of the second tier of state pension provision (the State Second Pension). Schemes which were contracted-out on a...
