PensionsThursday 5 August 2021
David Pollard‘s fifth video in a series on “Fines, Crimes and Penalties” under the new Pension Schemes Act 2021. A discussion of the new “financial penalty” (of up to £1m) in relation to providing information to pension scheme trustees (of a DB scheme). When it comes into force, a penalty can be charged by the Pensions Regulator if information is “knowingly or recklessly” provided which is “false or misleading in a material respect”. The new financial penalty can apply to any information provider. Slides available here.
People to view:
Articles
Joseph Steadman has written an article in which he considers McHale v Dunlop, a recent claim for negligence and breach of fiduciary duty, arising from the loss of pension assets transferred into a SSAS and invested in an overseas investment... Read more
By Joseph Steadman
Thursday 13 June 2024
Articles
Edward Sawyer has written an article in which he discusses the Court of Appeal’s decision in BMA v HM Treasury, which upheld the validity of directions made by the Treasury to charge members rather than taxpayers with the costs of... Read more
By Edward Sawyer
Thursday 16 May 2024
Articles
Ram Lakshman has written an article in which he considers the important Pensions Ombudsman determination relating to the BIC UK Pension Scheme, concerning the recoupment of overpaid benefits from future pension instalments. The article was first posted on Paul Newman KC‘s... Read more
By Ram Lakshman
Thursday 2 May 2024
Articles
Paul Newman KC has written an article in which he considers whether the pro-rating of annual non-statutory increases to pensions in payment for only part of a year can be read into a scheme that makes no express provision for... Read more
By Paul Newman KC
Thursday 25 April 2024
