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The wrong route? FAAs and commercial DB consolidation
Paul Newman KC asks whether the use of flexible apportionment arrangements for commercial DB consolidation risks using the wrong statutory path for such a transaction. To read the article, click on the pdf below.
New surplus power: False comfort?
Paul Newman KC considers whether the proposed repeal of the DB surplus “members’ interests” test instead gives rise to a harder fiduciary question: why, as trustees, is it proper to pay scheme assets to the employer? To read the article, click on the pdf below.
A Public Trustee for pension schemes?
Paul Newman KC looks at a recent DWP consultation which has revived an old question: does pensions law need a public trustee of last resort for orphan or troubled schemes? To read the article, click on the pdf below.
Time limits, discretions and the Ombudsman
Paul Newman KC looks at a recent NHS Pension Scheme determination which shows why a deadline may not be the end of the matter where the scheme contains a discretion to extend time. To read the article, click on the pdf below.
What is a pension liability worth?
Paul Newman KC looks at a recent High Court insolvency case which sheds light on the important issue of how to value pension scheme liabilities in professional negligence disputes. To read the article, click on the pdf below.
FRC issues final guidance for Virgin Media confirmations
Following the passing of the Pension Schemes Act 2026, the Financial Reporting Council has today published its finalised guidance for scheme actuaries when asked to provide retrospective confirmation to validate historic amendments invalidated by the Virgin Media decision. The substance of the guidance is unchanged from the version issued in January: the final version introduces minor amendments to the wording and references to ensure clarity and alignment with the enacted le
