The Judicial Pension Scheme 2015

Produced in partnership with Elizabeth Ovey of Radcliffe Chambers
Practice notes

The Judicial Pension Scheme 2015

Produced in partnership with Elizabeth Ovey of Radcliffe Chambers

Practice notes
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FORTHCOMING DEVELOPMENT: The Ministry of Justice (MoJ) ran a consultation on the draft Judicial Pensions (Amendment) Regulations 2024 (JP(A) Regs 2024) which proposed amendments to the Judicial Pensions (Fee-Paid Judges) Regulations 2017 (FPJPS regs 2017), SI 2017/522, the Judicial Pensions Regulations 2015 (JPS regs 2015), SI 2015/182, the Judicial Pensions Regulations 2022 (JPS regs 2022), SI 2022/319 and the Public Service Pensions Act 2013 (Judicial Offices) Order 2015 (the Judicial Offices Order), SI 2015/580. The consultation ran for 8 weeks, closing on 14 April 2024.

The key amendments proposed by the draft JP(A) Regs 2024 included, among other things:

providing for an employer cost cap in the JPS regs 2022 following the completion of the first scheme valuation in February 2024

making technical amendments in order to ensure that offices which should have been eligible to accrue benefits under JPS regs 2022 and JPS regs 2015 may now do so retrospectively, and also to allow for member contributions and commutation of small pensions provisions in the FPJPS regs 2017

Elizabeth Ovey
Elizabeth Ovey

Barrister, Radcliffe Chambers


Elizabeth has a general Chancery practice with particular emphasis on pensions (developing from the trust side of her practice) and on retail financial services (developing from an early specialisation in building society law). She also does a considerable amount of professional negligence work in these areas and other areas in which a Chancery background is of assistance.

Her first substantial involvement in pensions law came when she was instructed in relation to a small miners’ pension scheme during the days of the miners’ strikes in the 1980s and she has done an increasing amount of pensions work since those days. She is a contributing editor of Halsbury’s Laws vol. 80 (Personal and Occupational Pensions) (2020). She is now on the Lexis PSL pensions section editorial board and is a contributor to Lexis PSL through a series of practice notes on various aspects of discrimination and occasional case analysis. 

Her financial services work involves in particular constitutional matters relating to mutual societies, regulatory issues and drafting standard terms and conditions to comply with the developing requirements relating to unfair contract terms. She is a joint editor of Wurtzburg and Mills on Building Society Law (looseleaf edition) and a co-author of Retail Mortgages: Law, Regulation and Procedure (2013).
 
A particular highlight of her professional negligence practice was a trip to the House of Lords in Johnson v Gore Wood [2002] 2 AC 1. 

She continues to deal with other Chancery matters.

She sits as a fee-paid judge of the Upper Tribunal.

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Jurisdiction(s):
United Kingdom
Key definition:
Pension scheme definition
What does Pension scheme mean?

A pension scheme is a scheme or other arrangement which is comprised in one or more instruments or agreements, having or capable of having effect so as to provide benefits to or in respect of persons on retirement, on death, on having reached a particular age, on the onset of serious ill-health or incapacity or in similar circumstances.

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