Ireland: Pensions Update – Autumn 2014

BUDGET 2015

The Minister for Finance confirmed in his budget speech that the 0.6% Pension Levy will not apply beyond the end of 2014. The additional 0.15% pension levy introduced for 2014 and 2015 will expire as provided in legislation at the end of 2015.

It has been estimated that €2.3 billion has been paid in levies by pension schemes since 2011.

The ending of the pension levies is an opportunity for trustees and employees, who have […]

By | November 13th, 2014 ||

UK: No Work, No Pay

In December 2012, in the case Société Générale, London Branch v Geys, the Supreme Court concluded that, if an employer dismisses an employee with immediate effect in breach of the employment contract, the employee can choose whether to accept the breach as bringing the contract to an end. If the employee does not accept the breach, the contract will continue until the end of the contractual notice period.

The Court of Appeal has now confirmed […]

By | November 12th, 2014 ||

UK: Review Of Recent Pension Ombudsman Determinations October 2014

In this periodic round-up of complaints from pension scheme members to the Pensions Ombudsman, we look at:

A death benefits case where the Trustees failed to look into the personal circumstances of a deceased member properly
An overpayment case where the complainant changed his position as a result of the overpayment
A scheme administration case where various administrators “lost” a member’s record
Siegfried (PO-1427) – Death benefits

Summary: A deferred member of the Credit Industriel et Commercial Retirement Benefits […]

By | November 12th, 2014 ||