Archive for October 2007

Brian Spence

In its response to the Deregulatory Review the Government has sought views on proposals to reduce the cap on revaluation of deferred benefits for pension rights accrued on or after a future date from 5% to 2.5%.

“This move goes against the recommendations of the review” said Brian Spence, director of pensions on divorce specialists Spence & Partners “and is clearly designed to see if it can reduce the entrenched trend of final salary schemes closing.” Read more »

Brian Spence

The requirements for trustees to ensure that arrangements are in place, and implemented, that provide for at least one-third of trustees or at least one-third of directors of the trustee company to be member-nominated, start to apply from what is known as the ‘commencement date’. Read more »

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