DB Funding Statement 2020: NRF survey gives the Pensions Regulator a thumbs-up
Sophy Lelliott, a trainee in our pensions team writes: the UK Pensions Regulator published its annual funding statement later than usual on 30 April 2020. The Statement is aimed at trustees and sponsoring employers of defined benefit (DB) schemes with valuation
On April 30, 2020, the Pensions Regulator published its 2020 funding statement for defined benefit (DB) schemes with valuation dates between September 22, 2019, and September 21, 2020. However, these COVID-19 times are challenging for all businesses, and the effects of the pandemic are relevant to all DB schemes.
The statement urges
UK Pensions: Regulator’s warning that member transfer requests during the pandemic may be a poor decision
Adding to its already impressive haul of Covid-19 related publications to date, on 29 April 2020, the Pensions Regulator published further trustee guidance Communicating with members when they request a transfer or to access benefits.
Pension scheme members seeking
The first COVID-19 cases appeared in France a few weeks ago and French people have been in lockdown since March 17. The repercussions of this pandemic are significant, and the Government has been authorized, by Emergency Act No. 2020-290 of 23 March 2020, to take measures through ordinances (which means that no debate is required
Le COVID-19 a fait son apparition en France il y a quelques semaines déjà et les Français sont confinés depuis le 17 mars dernier. Les répercussions de cette pandémie sont importantes, et le Gouvernement a été autorisé, par la loi n° 2020-290 du 23 mars 2020 d’urgence pour faire face à l’épidémie de covid-19, à
The UK Government has announced that a new right to two weeks’ parental bereavement will come into force from 6 April 2020.
The Parental Bereavement Leave and Pay Regulations (which have been laid before Parliament and are awaiting final approval) implement a statutory right to a minimum of two weeks unpaid leave for all employed
UK Pensions – is the current annual allowance limit unfair and unworkable?
The Revenue has been forced, finally, to face up to the fact that the annual allowance changes in relation to pensions contributions which attract tax relief, and which were brought into force in April 2016, are unfair and unworkable. The Treasury announced on
New guidance from the Pensions Regulator reflects recent legislative changes requiring trustees of occupational pension schemes to set out their policies on environmental, social and governance (ESG) issues which may influence their investment decisions.
The new law
From 1 October 2019, changes apply governing the way pension schemes prepare and revise their
La loi « Pacte » (Loi relative à la croissance et la transformation des entreprises) a été adoptée en lecture définitive par l’Assemblée Nationale le 11 avril dernier, après de longs mois de débats devant l’Assemblée Nationale et le Sénat.
Elle a fait l’objet d’un recours devant le Conseil Constitutionnel, saisi le 16 avril dernier.
Under French employment law, the application of TUPE regulations triggers specific consequences not only with regard to an employee’s employment contract, which is transferred automatically by operation of law, but also on the employees’ collective status.
In this respect, a recent decision of the French Supreme Court has specified what happens to a company’s internal