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Latest Pensions News

Over 110,000 former UK miners get 32% pensions boost

Law360: More than 110,000 former mine workers across the UK got an initial bump to their pensions on 29 November 2024 after a decision by the Labour government to reverse 'a historic wrong' by transferring £1.5bn to their retirement savings plan.

Member would have proceeded with transfer to pension liberation vehicle even if more extensive due diligence had been undertaken under updated regulatory guidance (Mr G, CAS-110116-G1N5)

Pensions analysis: The Pensions Ombudsman has rejected a complaint about a pension transfer. Martin Scott of gunnercooke LLP looks at the decision.

Pension trustees had discretion under scheme rules to apply different early retirement reduction factors for transferred-in benefits (Mr Y, CAS-53915-F5N4)

Pensions analysis: The Deputy Ombudsman has rejected a complaint about an early retirement reduction to transferred-in benefits. Martin Scott of gunnercooke LLP looks at the decision.

No provision in scheme rules to waive application of early retirement reduction when calculating underpin pension (Dr H, CAS-43565-P2H7)

Pensions analysis: The Deputy Pensions Ombudsman has rejected a complaint about the application of an early retirement reduction. Martin Scott of gunnercooke LLP looks at the decision.

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