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Pensions Update

Continuing our regular feature the Norton Rose Pensions Team brings us a pensions update
This edition of Pensions Update covers some of the main legal and regulatory developments relating to pensions that have taken place since the last edition. Issues of particular note include the proposed changes to the regulation of the pensions industry by the Financial Services Authority and details of the final court hearing in the long-running series of Preston part-timer cases.
Consultation on draft winding up regulations
The Department for Work and Pensions (DWP) has published draft regulations to implement the provisions contained in Article 16.2(c) of the European Pensions Directive (2003/41). Article 16.2 permits Member States to allow occupational pension schemes to have...

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