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6th April, 2015 Changes
- DB to DC transfers and conversions: New requirement for trustees to check member has received independent financial advice
- Regulator’s communication materials updated
Cases
- Meaning of "establishment" for insolvency proceedings: Trustees of Olympic Airlines Pension Scheme v Olympic Airlines
- Liability for breach of trust in returning funds to employers: Ombudsman’s determination in relation to trustees of Pilkington Tiles Pension Scheme
- Pension liberation: Exercise by member of personal pension scheme of contractual right to transfer: Ombudsman’s determination in relation to Harrison
Points in Practice
- PPF levy 2015/16: Confirmation of “last man standing” status: Reminder
- Auto-enrolment: Regulator’s quarterly Compliance and Enforcement Bulletin: 31st March, 2015
- Abolition of short service refunds in relation to money purchase benefits: Action required
Overseas News
- Sounds familiar? Industrial action over pension changes at Lufthansa