Related insights: Employment and Pensions

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Private equity investor agrees £25m settlement of Pensions Regulator claim

09 Mar 2021
HIG Group recently agreed a settlement with The Pensions Regulator (tPR) following a challenge to its 2011 pre-pack administration of Silentnight, the UK bed manufacturer. TPR's case was that HIG acquired the employers' bank debt and used its position as lender to bring about the unnecessary insolvency of the employers, then taking steps to buy the employers' business at an undervalue as part of the administration process that followed.
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Relief for retailers as Chancellor's Budget announces a package of welcome measures

03 Mar 2021
Following a year in which the retail industry has been one of the hardest hit sectors by the coronavirus pandemic, there was some welcome relief today when the Chancellor's widely previewed budget was announced. It includes a package of measures to help retailers to get back on their feet once non-essential retail reopens on 12 April 2021 under the government's planned roadmap.

Spring Budget 2021 – pensions changes

03 Mar 2021
n today's Budget, the Chancellor has announced that the lifetime allowance (LTA) for pension savings is being frozen at its current level of £1,073,100 until April 2026. This marks a change from recent years, when the LTA has increased in line with inflation since it was re-set to £1m in 2016/17.
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Part 2 of 2 - In-depth review of November 2020 Lloyds Bank Judgment

25 Feb 2021
As reported in our article in November, GMP Equalisation - transfers out, the most recent judgment in the series of Lloyds Bank cases, handed down in November 2020 (the Transfer Judgment), considered the obligations on trustees of contracted out defined benefit schemes who had transferred out benefits to other pension schemes.
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Equality and diversity – when did you last carry out refresher training?

23 Feb 2021
The Employment Appeal Tribunal (EAT) recently held in Allay (UK) Ltd v Gehlen that an employer was not able to rely on the "reasonable steps" defence to a harassment claim and therefore had to pay a former employee compensation of just over £5,000. It had provided training to the perpetrator and other employees around 20 months before the harassment took place but the EAT held that the training had become stale and needed refreshing, meaning that the employer could not use the defence and was liable for the harassment.
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Public sector exit payments: the cap didn't fit

22 Feb 2021
In a surprise move on 12 February 2021, the Government announced that the Restriction of Public Sector Exit Payments Regulations 2020 will be revoked. The Regulations came into force on 4 November 2020 and introduced a cap of £95,000 on exit payments made by a long list of public sector bodies and offices listed in the Regulations.