Pension Scheme in UK Law
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Blog: If A Personal Pension Scheme Is Not A Collective Investment Scheme, What Is A Personal Pension Scheme?
Article 3 of the Collective Investment Schemes Order (SI 2001/1062) (the Order) makes it clear that “A personal pension scheme [is] not … a collective investment scheme“, but it doesn’t tell us whe...
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Judges discriminated against in judicial pension scheme reforms
Six High Court judges have succeeded in their claims against the Ministry of Justice about the introduction of the judicial pension scheme reforms. All six judges alleged that they had been discrim...
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New anti-money laundering regulations: action for pension scheme trustees
Pension scheme trustees should be aware of requirements under new money laundering regulations to record information and, in some cases, to give the information to third parties and to register the...
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The Government's consultation on pension increases in the British Steel Pension Scheme
The DWP's consultation on changing the law to allow pensions increases to be reduced to the statutory minimum in the British Steel Pension Scheme (BSPS) ends on 23 June. It is likely that one of t...
- NHS Pension Scheme Valuation
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Sackers advises on £240m buy-in for KLM UK Pension Scheme
The KLM UK Pension Scheme sponsored by KLM Royal Dutch Airlines, has completed a buy-in with Rothesay for £240m. The transaction, which completed in December 2025, protects the pensions of the rema...
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Sackers advises IBM I.T. Solutions Pension Scheme on £700m buy-in
The Trustee IBM I.T. Solutions Pension Scheme has completed a £700m buy-in with Standard Life, securing the long‑term benefits of more than 3,600 pensioner and deferred members. The transaction rem...
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Pension scheme management costs – would you like VAT with that?
Many costs associated with defined benefit pension schemes will usually fall on the scheme employer one way or another. There are two basic heads of cost: first there are the costs associated with ...
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New anti-money laundering regulations: action for pension scheme trustees - Updated December 2017
Pension scheme trustees should be aware of requirements under new money laundering regulations to record information and, in some cases, to give the information to third parties and to register the...
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Sackers advises Japanese bank’s UK pension scheme on £24m buy-in
The UK pension scheme of an unspecified Japanese bank has completed a £24m full buy-in with Just Group, securing the benefits of the scheme’s approximately 160 members. The scheme is sp...
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