Shortly after the High Court’s decision now referred to as “Lloyds 3“, which considered the issue of guaranteed minimum pension (GMP) equalisation and the extent to which past transfers-out should be revisited, we published a summary of the decision and our initial reaction.… Continue Reading
We have previously commented on how the cyber threat to every UK pension scheme must now be very firmly at the top of every trustee’s risk register. GDPR has only served to highlight a fundamental challenge to the cybersecurity of schemes, a challenge that seems to evolve and grow by the week. PASA has just … Continue Reading
One of the most fertile areas where trustees of UK pension schemes administered by third party providers could be at risk of suffering damage to their reputation is when errors occur. The cost impact of such errors could also be significant for the trustees and the scheme’s sponsoring employer (not to mention the provider!). Trustees … Continue Reading
