Allen & Overy

Sebastian Cheek examines the fallout from the High Court ruling to uphold the Prudential Assurance Company's decision to cap discretionary increases for its scheme members.

Prudential has won its High Court dispute with members of its pension scheme over changing the basis on which it granted discretionary increases to pensions in payment.

Members retiring on incapacity grounds could face a hefty tax bill if they fall into a gap between scheme rules and new exemptions from the annual allowance test, a lawyer warns.

Members of Prudential's defined benefit scheme had their challenge over the legality of discretionary benefit increases heard in the High Court over the past few weeks.

Schemes grappling with the costly problem of guaranteed minimum pension equalisation could face a prescriptive approach to legislation.

Trustees might have run out of time to notify members and sponsoring employers of allowing future surplus payments to employers under section 251, lawyers say.

A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.

Laura Blows explores the changing UK attitudes to US class actions and whether similar style court actions are likely to hit our shores

As many as one in six employers could fail the auto-enrolment self-certification regime due to pensionable pay issues alone, lawyers warn.

Trustees now have a further five years to act on legal requirements under section 251 of the Pensions Act 2004, the department for work and pensions confirms.