Pension Scheme in UK Law
The small self‐administered pension scheme
ANY astute businessman appreciates the taxation advantages of pension schemes: within limits, money paid into them by members and companies are deductible before assessment to tax; income and capit...
- THE NEW GOVERNMENT PENSION SCHEME A SIMULATION ANALYSIS
Behavior of participants in a defined contribution pension scheme
Purpose: This paper aims to ascertain the behavioral issues in the usage of GPF (a DC scheme) by government employees in India. Using a unique data set of employees working in a central government ...
How Do Intentions Affect Future Retirement? A Case Study of the Finnish Flexible Old-Age Pension Scheme
The aim of this study is to examine the factors that impact on older employees in their plans to continue at work or to retire, and to find out to what extent retirement plans are actually realised...
Extent of common law duty of care owed in pensions misselling. Gorham & Others v British Telecommunications plc, Trustees of the BT Pension Scheme, & Standard Life Assurance Company
The claimants who were the Appellants in this case were a Mrs Gorham, widow of Mr Gorham, and her two young children. Mr Gorham had been employed by British Telecommunications plc (BT) between 2nd ...
Tesco's FD defines the benefits of its career-average pension scheme.
...Retail giant Tesco has pledged to set a best-practice example in response to the debate on tackling the UK's pensions crisis. Speaking at a recent CIMA lecture, Andrew Higginson FCMA, finance and strategy director at Tesco, said that his company wa......
Adjust 17: two different actuaries could legitimately derive wildly varying figures for your company's pension scheme deficit under FRS17. David Davison urges FDs to question actuarial assumptions.
...Although FRS17 has undoubtedly gained acceptance in recent years, there is still a significant divergence of opinion about the audit standard. Some people believe that it provides a useful measure of a potential liability and some treat it more as a ......
Pension scheme selection: there's a wide range of defined-contribution products, providers and advisers on the market. David Barker offers his guide to finding the right ones for your firm.
...The stakeholder pension, introduced in the UK in 2001, has been called a flop rather than a flagship of the Labour government. Part of the blame has been attributed to its cap on charges, but the biggest success of the stakeholder legislation is that......
High court rules negligence claim in relation to pension advice in relation to income draw down scheme is time barred
Purpose: The purpose of this paper is to report and comment on the High Court of Justice ruling on Shore v. Sedgwick Financial Services Ltd & Others. Design/methodology/approach: The paper out...
FSA decides pay on pension type; the body has cut rises to final-salary scheme members.
...The Financial Services Authority, the regulatory body that oversees corporate governance, is to award lower pay increases to members of its final-salary pension fund than to employees on its riskier money-purchase scheme. The 900 employees in the w......
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