Pension Alert - September 2017

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PENSION NEWS STORIES 

Keeping a lid on things – Court of Appeal decides limit on future pensionable pay is valid

The Court of Appeal has dismissed an appeal from a High Court decision that the imposition of a cap on the pensionable element of pay rises was valid. It was within the employer's power under the scheme rules and it was not a breach of the anti-forfeiture rules or the employer's duty of trust and confidence. 

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Flexible friends – restrictions on early exit charges

The government has finalised regulations restricting early exit charges on the funds of members taking advantage of the pension flexibilities. 

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Could do better – but scheme not liable for member's failure to apply for a transfer within 12 months of retirement

In Mrs G, the Pensions Ombudsman decided that a scheme was not liable for the failure to complete a transfer of a member's final salary benefits to a SIPP in advance of the cut-off date of 12 months before normal retirement date. 

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NEWS UPDATE

Please click Latest News for summaries of the most recent legislative and regulatory developments in pensions and new pension case law.

For information on developments over the past 12 months, please visit our online Pension Planner, where you will find summaries arranged by topic and by time period in force (or expected in force). 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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