Category: pensions

Shore v Sedgwick Financial Services Ltd and another – WLR Daily

Posted July 28th, 2008 in financial advice, law reports, negligence, pensions by sally

Shore v Sedgwick Financial Services Ltd and another [2008] EWCA Civ 863; [2008] WLR (D) 255

“Where a client, on the advice of a financial adviser, shifted his pension investment from a relatively safe occupational final salary pension scheme to a new more risky personal pension income withdrawal scheme, which later suffered in value owing to falling annuity rates, the client’s right to sue the adviser in negligence accrued on the date when the transfer was made and was not contingent upon the subsequent occurrence of loss in value or his even later discovery of such loss.”

WLR Daily, 25th July 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Canoe man and wife jailed for six years – The Independent

Posted July 23rd, 2008 in fraud, insurance, news, pensions, sentencing by sally

“John and Anne Darwin were each jailed for more than six years today for carrying out a £250,000 insurance con by faking his death in a canoeing accident.”

Full story

The Independent, 23rd July 2008

Source: www.independent.co.uk

Ministry of Defence admits it was wrong to deny war widow a pension – Daily Telegraph

Posted July 21st, 2008 in armed forces, news, pensions by sally

“The widow of a war hero who had been wrongfully denied a pension by Whitehall bureaucrats for years was celebrating a victory after the Ministry of Defence admitted ‘maladministration’.

Full story

Daily Telegraph, 21st July 2008

Source: www.telegraph.co.uk

Anne Darwin ‘played vital role’ in canoe man fraud – The Times

Posted July 15th, 2008 in fraud, insurance, news, pensions by sally

“The wife of John Darwin, the canoeist who faked his own drowning, played an ‘equal and vital role’ in the scheme to gain £250,000 in insurance and pension payouts by staging his death, a court heard today.”

Full story

The Times, 14th July 2008

Source: www.timesonline.co.uk

Gurkhas lose High Court battle over pensions – The Times

Posted July 2nd, 2008 in armed forces, Gurkhas, news, pensions by sally

“Former Gurkha soldiers today lost their High Court battle over a pensions deal with the Ministry of Defence, which they say has left them struggling to live.”

Full story

The Times, 2nd July 2008

Source: www.timesonline.co.uk

In re Federal-Mogul Aftermarket UK Ltd and others – WLR Daily

Posted May 23rd, 2008 in insolvency, law reports, pensions by sally

In re Federal-Mogul Aftermarket UK Ltd and others [2008] EWHC 1099 (Ch); [2008] WLR (D) 166

“There was nothing in the rationale underlying the general application of the hindsight principle to contingent debts which should restrict its application to whether there had been an initial triggering event.”

WLR Daily, 23rd May 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.


Pensions Regulator gets tough on conflicts – The Lawyer

Posted March 25th, 2008 in law firms, news, pensions by sally

“Firms with burgeoning pensions practices could face a threat to their client lists under conflicts of interest guidance set out by the Government’s Pensions Regulator.”

Full story

The Lawyer, 24th March 2008

Source: www.thelawyer.com

Gurkhas ask High Court for pension parity – The Times

Posted March 14th, 2008 in armed forces, news, pensions by sally

“They have fought and died in the British Army over centuries and taken part in every significant conflict since 1947 including the Falklands, Afghanistan and Iraq. But today the Gurkhas are embroiled in a new battle — this time with the Ministry of Defence.”

Full story

The Times, 13th March 2008

Source: www.timesonline.co.uk

Alitalia-Linee Aeree Italiane SpA v Rotunno and Others – Times Law Reports

Posted March 12th, 2008 in law reports, pensions, trusts by sally

Alitalia-Linee Aeree Italiane SpA v Rotunno and Others

Chancery Division

“There was no reason not to give the word ‘secure’ its usual meaning as a transitive verb when contained within the words ‘to secure the benefits under the scheme’ in a set of trust rules.”

The Times, 12th March 2008

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

Regina (Bradley and Others) v Secretary of State for Work and Pensions and Others – Times Law Reports

Posted February 25th, 2008 in government departments, law reports, maladministration, pensions by sally

Regina (Bradley and Others) v Secretary of State for Work and Pensions and Others

Court of Appeal

“Where the Parliament Commissioner for Administration had found maladministration in a ministerial department, the minister was not entitled to reject that finding without good reason.”

The Times, 25th February 2008

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

Pension schemes’ liabilities could rise by £75bn – Daily Telegraph

Posted February 19th, 2008 in news, pensions by sally

“Pension schemes’ liabilities could soar by £75 billion under proposed guidelines set out by the Pensions Regulator.”

Full story

Daily Telegraph, 19th February 2008

Source: www.telegraph.co.uk

Tribunal closure ‘will deny veterans’ pensions’ – Daily Telegraph

Posted February 18th, 2008 in armed forces, news, pensions, tribunals by sally

“Injured servicemen and military widows will lose out under Government plans to sweep away a tribunal that guarantees their pension rights, ministers have been told.”

Full story

Daily Telegraph, 18th February 2008

Source: www.telegraph.co.uk

Watchdog’s demands will add billions to pension liabilities – The Times

Posted February 15th, 2008 in news, pensions by sally

“The UK Pensions Regulator is to demand that UK companies use realistic life expectancy forecasts, in a move that will add billions of pounds to pensions liabilities.”

Full story

The Times, 15th February 2008

Source: www.timesonline.co.uk

R (Bradley and others) v Secretary of State for Work and Pensions and others – WLR Daily

Posted February 11th, 2008 in government departments, law reports, maladministration, pensions by sally

R (Bradley and others) v Secretary of State for Work and Pensions and others; [2008] WLR (D) 38

“Where the Parliamentary Commissioner had found maladministration in a ministerial department, the Secretary of State, although not bound by the Commissioner’s decision, was not entitled to reject the Commissioner’s finding on the basis that he preferred another view which could not be categorised as irrational.”

WLR Daily, 8th February 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Government loses appeal on pension advice error – The Times

Posted February 11th, 2008 in news, pensions by sally

“Pensioners who lost the bulk of their retirement savings after following misleading Government advice won a moral victory yesterday when a court criticised handling of the issue by the Department for Work and Pensions (DWP).”

Full story

The Times, 8th February 2008

Source: www.timesonline.co.uk

Government’s pension actions irrational, say senior judges – The Guardian

Posted February 8th, 2008 in news, pensions by sally

“The government’s treatment of thousands of workers who lost their occupational pensions was branded irrational by three senior judges yesterday.”

Full story

The Guardian, 8th February 2008

Source: www.guardian.co.uk

Government slammed by judges over lost pensions – The Times

Posted February 7th, 2008 in compensation, news, pensions by sally

“Tens of thousands of workers who lost the bulk of their retirement savings because of bad advice from the Government have won another round in their long-running battle for compensation.”

Full story

The Times, 7th February 2008

Source: www.timesonline.co.uk

Anger as pension reform rejected – BBC News

Posted December 21st, 2007 in national insurance, news, pensions, women by sally

“The government has rejected a plan to let women boost their state pensions by buying up to nine years’ worth of extra National Insurance (NI) contributions.”

Full story 

BBC News, 20th December 2007

Source: www.bbc.co.uk

Police chief in legal battle to take pension on top of pay – The Times

Posted December 21st, 2007 in news, pensions, police by sally

“One of the front-runners for the top job in British policing threatened High Court action in pursuit of a pension payment in addition to his six-figure chief constable’s salary, The Times has learnt.”

Full story

The Times, 21st December 2007

Source: www.timesonline.co.uk

Grace and favour showdown looms as Speaker fights for pension perk – The Times

Posted November 20th, 2007 in news, parliament, pensions by sally

“Michael Martin, the Speaker of the House of Commons, is fighting an attempt by Gordon Brown to scrap the ‘grace and favour’ pension that comes with his job, The Times has learnt.”

Full story

The Times, 20th November 2007

Source: www.timesonline.co.uk