On 22 June 2020, the High Court ruled in Hughes v Board of the Pension Protection Fund that certain restrictions applied to benefits paid from the Pension Protection Fund (PPF) are unlawful on age discrimination grounds.
Latest from Pensions and Benefits - Page 9
COVID-19: Yet More Relief, and More Certainty, for EMI Option Holders
On Tuesday, 21 July 2020, the Government announced further good news for companies operating enterprise management incentive (EMI) share option schemes that will allow them to continue to grant new options to individuals who:
- have been furloughed under the Coronavirus
Lost in the post: solving the case of the missing member!
TPO has ruled that a pension scheme was liable to pay a full deferred pension to a claimant, despite the scheme having no record of his benefits other than a guaranteed minimum pension (GMP). This determination shows the significant weight
COVID-19: Expenses of Working from Home – The Tax Rules
The coronavirus (COVID-19) ‘lock-down’ has necessitated large swathes of the working population to perform their duties from home. As a result, working-from-home has become the ‘new normal’ for many employees in recent months.
Employers will be considering how best to
The Geometry and Trigonometry of the Corporate Insolvency and Governance Act – What Is the Final Pensions Angle?
If you are going round in circles trying to figure out the final shape of the new insolvency legislation, read this blog which takes a look at the impact the final amendments made to the legislation will have in the
COVID-19: A New Relief for EMI Option Holders
Late on Friday, 26 June 2020, with little fanfare, the Chancellor of the Exchequer tabled a new clause for inclusion in the Finance Bill 2020 (FB 2020) during its Report stage in the House of Commons. It addresses a key
Flexibility Act Makes Key Change to CARES Act Payroll Tax Deferral Incentive and Other Key Changes
Following up on our prior post (here), regarding the Paycheck Protection Program loans (“PPP Loans”), President Trump signed the Paycheck Protection Program Flexibility Act of 2020 into law (the “Flexibility Act”) on June 5, 2020. The Flexibility Act
The Geometry and Trigonometry of the Corporate Insolvency and Governance Bill – What’s the Next Pensions Angle?
Part Two
Yesterday, we looked at the proposed new moratorium process and the implications for pension schemes. Today we consider the new restructuring plan process.
Background
The Corporate Insolvency and Governance Bill (the Bill) is passing through parliament at the
The Geometry and Trigonometry of the Corporate Insolvency and Governance Bill – What’s the Pensions Angle?
Part One
The Corporate Insolvency and Governance Bill (the Bill) is passing through parliament at the moment. Some of the measures included in the Bill are in response to the current pandemic and will provide temporary easements for company directors
New Electronic Delivery Option for ERISA Retirement Plan Information
There is a new electronic delivery option for retirement plan sponsors who are looking for an easier and more efficient means of providing required plan information disclosures to plan participants and beneficiaries. Retirement plan administrators can now electronically notify participants