Michael Aherne

2 months ago | herbertsmithfreehills.com | Samantha Brown |Michael Aherne |Richard Evans

The High Court has blessed a proposal to merge two schemes of Arcadia Group Limited, the failed retailer associated with Sir Philip Green. The schemes are in winding-up. One is underfunded and the other overfunded. The trustee of the overfunded scheme sought the Court's approval, mindful of the fact that the proposed merger would reduce the surplus which could be used to augment benefits for existing members.

Nov 20, 2024 | thetimes.com | Michael Aherne

Bigger is better is the main message so far from the government’s pensions review. The interim results announced in last week’s Mansion House speech focus on size and scale. Rachel Reeves, the chancellor, is determined to accelerate consolidation in the “highly fragmented” pensions landscape, looking to local government schemes and the workplace defined contribution market to produce pension “megafunds” to rival those in Canada and Australia.

Jun 21, 2024 | professionalpensions.com | Michael Aherne |Richard Evans

What exactly are pension funds here to do and could they be doing more? Most lawyers will answer confidently that pension trustees must use their powers for their "proper purpose" and that overriding purpose is, in most cases, securing and paying the promised pension b... To continue reading this article...

Feb 1, 2024 | mondaq.com | Michael Aherne |Mark Howard

The Pensions Regulator has published guidance for trustees regarding investment in private markets. This guidance follows on from the Government's Mansion House reforms, announced last July and reconfirmed in the Autumn Statement, which are intended to 'enable our financial services sector to unlock capital for our most promising industries and increase returns for savers, supporting growth across the wider economy'.

Nov 28, 2023 | lexology.com | Samantha Brown |Rachel Pinto |Michael Aherne

PENSIONS PLANNER YOUR GUIDE TO FUTURE DEVELOPMENTS AUTUMN 2023 02 PENSIONS PLANNER AUTUMN 2023 Contents 02Contents 03Introduction 04Quarter in review 04 Update on the Mansion House Reforms, Mansion House Compact, Value for Money Framework, Decumulation 05Small Pots, Government Responds to Calls for Evidence 'Options for DB schemes' and 'Trustee Skills, Capability and culture' 06Defined Benefit Superfunds 07Mansion House Reforms Key Takeaways 08The King's Speech, Potential Labour Reforms,...