In AD Bly Groundworks and Civil Engineering Ltd v HMRC  [2025] EWCA Civ 1443, the Court of Appeal has upheld the decision of the Upper Tribunal that a company’s liabilities representing its promise to provide future pension benefits to key employees via an UURBS were incurred for the purpose of a tax avoidance scheme rather than expenses incurred wholly and exclusively for the purposes of the company’s trade, so that those liabilities were not deductible from the company’s pr

In November 2024, the Deputy Pensions Ombudsman issued a 768-paragraph determination in which he found the trustees and managers of 3 pension schemes liable for dishonest breaches of duty with regard to the investment of scheme assets as part of a pension liberation exercise. An appeal from that determination has been dismissed by Richards J: Brambles Administration Limited v Harvey . The appeal was on limited grounds, relating to the time limits for bringing complaints, the

An amendment to the Pension Schemes Bill has today been tabled by the Chair of the Business and Trade Committee which seeks to add to the matters which pension scheme trustees and managers can take into account when selecting investments.   Those matters are:   “system-level considerations”, defined as risks and opportunities that cannot be fully managed through diversification alone and which arise from sector-level circumstances, including environmental or social matters; t

As expected, the Financial Reporting Council has announced that it will develop technical guidance to support scheme actuaries in...

In a determination issued last week (Mrs T, CAS-78486-R9D8), the Deputy Pensions Ombudsman declined to follow the High Court’s decision...

In yesterday’s news item on Mazur v Charles Russell Speechlys LLP , we said that the High Court’s decision that the “reserved legal...

By section 13(2) of the Legal Services Act 2007, “reserved legal activities” may only be undertaken by prescribed legally qualified...

In Thynne v Jevny Pty Limited  [2025] NSWSC 986, the Supreme Court of New South Wales had to consider whether the presumption of...

Following its promise in June 2025 to legislate to relieve pension schemes from the effects of the Virgin Media decision, the government...

The PO has issued a determination of a complaint that the trustee of the British Steel Pension Scheme failed to carry out sufficient due...

By contrast to UK law, Irish law does not restrict the right of a solvent employer of a DB scheme to terminate its contribution liability...

In Pelgrave v The Pensions Regulator [2025] UKUT 257 (TCC), the Upper Tribunal (Tax and Chancery Chamber) upheld the issue of a...

The Pension Schemes Bill was given its second reading in the House of Commons last night. During his speech the Pensions Minister,...

The Deputy Pensions Ombudsman has issued a determination following a complaint by members of the Bic UK Pension Scheme concerning the...

In Renishaw PLC v Ross Trustees Services Ltd [2025] EWHC 1445 (Ch), HHJ Hodge KC, sitting as a Judge of the High Court, has applied the...

The Government has today announced that it will introduce legislation to give pension schemes affected by the Virgin Media decision the...

In Century Property (Leeds) Ltd v Aldiss [2025] EWHC 1348 (KB), the High Court has ordered the enforcement of a judgment debt against the...

In a determination published yesterday, tPR has exercised its power under s.69 of the Pensions Act 1995 to modify the provisions of a...

In Morgan Lloyd Trustees Ltd v HMRC [2025] UKUT 102 (TCC), UT substantially dismissed an appeal from the FTT’s decision (a note on which...

In Arcadia Group Pension Trust Ltd v Smith [2025] EWHC 11 (Ch), Master Marsh (sitting in retirement) has approved the merger of the Staff...