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07 October 2019 / Ferdy Lovett
Issue: 7859 / Categories: Features , Pensions , Profession
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The pension forecast

Despite the recent legislative void, Ferdy Lovett predicts increased activity ahead
  • A proposed Pensions Bill and new powers for the regulator.
  • New governance requirements, including those required to be implemented by pension schemes to satisfy the latest EU Pensions Directive. 
  • The implications of probably the most significant pensions case in decades.

When Parliamentary time finally allows, the Pensions Bill is set to arm the Pensions Regulator (TPR) with hefty new powers and is scheduled to pave the way for a plethora of changes outlined below.

  • Fresh additions to the ‘notifiable events regime’, the early warning system designed to alert TPR of possible calls on the pensions lifeboat, the Pension Protection Fund. For example, TPR will need to be notified of the sale of a ‘material proportion’ of the business or assets of a sponsoring employer which has funding responsibility for at least 20% of the scheme’s liabilities. The granting of security on a debt to give it priority over a pension scheme will likewise need to be notified.
  • Despite
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MOVERS & SHAKERS

Switalskis—Naila Arif, Harriet Findlay & Ellie Thompson

Switalskis—Naila Arif, Harriet Findlay & Ellie Thompson

Firm awards training contracts to paralegals through internal programme

Ward Hadaway—Matthew Morton

Ward Hadaway—Matthew Morton

Private client disputes specialist joins commercial litigation team

Thomson Hayton Winkley—Nina Hood

Thomson Hayton Winkley—Nina Hood

Cumbria firm appoints new head of residential property

NEWS
Freezing orders in divorce proceedings can unexpectedly ensnare third parties and disrupt businesses. In NLJ this week, Lucy James of Trowers & Hamlins explains how these orders—dubbed a ‘nuclear weapon’—preserve assets but can extend far beyond spouses to companies and business partners 
A Court of Appeal ruling has clarified that ‘rent’ must be monetary—excluding tenants paid in labour from statutory protection. In this week's NLJ, James Naylor explains Garraway v Phillips, where a tenant worked two days a week instead of paying rent
Three men wrongly imprisoned for a combined 77 years have been released—yet received ‘not a penny’ in compensation, exposing deep flaws in the justice system. Writing in NLJ this week, Dr Jon Robins reports on Justin Plummer, Oliver Campbell and Peter Sullivan, whose convictions collapsed amid discredited forensics, ‘oppressive’ police interviews and unreliable ‘cell confessions’
A quiet month for employment cases still delivers key legal clarifications. In his latest Employment Law Brief for NLJ, Ian Smith reports that whistleblowing protection remains intact even where disclosures are partly self-serving, provided the worker reasonably believes they serve the ‘public interest’ 
Family law must shift from conflict-driven litigation to child-centred problem-solving, according to a major new report. Writing in NLJ this week, Caroline Bowden of Anthony Gold outlines findings showing overwhelming support for reform, with 92% agreeing lawyers owe duties to children as well as clients
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