Debt illustrations are starting to land on the desks of employers who have historically participated in the Plumbing & Mechanical Services (UK) Industry Pension Scheme (“the Plumbing Scheme”). Together with Chris Hawley of Barnett Waddingham, we explore the arising issues and what challenges are open to these employers. Background The challenges facing the Plumbing Scheme … Continue Reading
The writing may not always be on the wall in terms of validating scheme amendments where historic documentation is scarce and in terms of recovering overpayments to pensions. An interesting case involving the BIC UK Pension Scheme (yes, “BIC” as in the pen that you may be holding) highlights a new way forward for trustees … Continue Reading
