Daniel Schaffer

1 month ago | lexology.com | Charles Cameron |Daniel Schaffer |Chris Sharpe |Karen Mumgaard |Catrin Young |Patricia Critchley | +1 more

VIRGIN MEDIA DISCLOSURES IN ACCOUNTSAs the industry continues to grapple with the ramifications of the decision in Virgin Media in relation to the validity of amendments to formerly contracted-out schemes, guidance has been issued for auditors in relation to how to address potential issues in sponsor accounts. Read more Between 6 April 1997 and 6 April 2016, schemes could contract members out of the second tier of the state pension on a “reference scheme test” basis.

Jul 25, 2024 | lexology.com | Charles Cameron |Daniel Schaffer |Chris Sharpe |Patricia Critchley |Karen Mumgaard |Catrin Young

The Court of Appeal has decided in Virgin Media Limited v NTL Pensions Trustees II Limited that where amendments were made to contracted-out DB rights between 6 April 1997 and 6 April 2013 and did not comply with the requirement to obtain actuarial confirmation that the scheme would continue to satisfy the contracting-out test, such amendments may be void irrespective of whether they related to past or future service or improved benefits.

Nov 22, 2023 | lexology.com | Charles Cameron |Daniel Schaffer |Phil Linnard |Chris Sharpe |Philippa O'Malley |Ian Brown | +3 more

The 2% cut in the main rate of employee’s National Insurance Contributions is likely to be at the forefront of employees‘ minds following the Government’s Autumn Statement today, but there were also other important announcements that employers and pension scheme trustees should consider in the Chancellor’s speech to Parliament. In this briefing, we discuss the practical implications of the Government’s proposals.

Oct 27, 2023 | lexology.com | Charles Cameron |Daniel Schaffer |Chris Sharpe |Helena Davies |Rowan Howard |Catrin Young | +2 more

e are delighted to launch our new Pensions Bulletin, Pensions Essentials. We recently asked some of you what improvements you would like to see from us. We listened and Pensions Essentials is one of the results. It contains a snapshot of key developments from the last month, along with some practical take aways for trustees, sponsors and administrators. For those who like a more detailed legal analysis, there is an option to read more.