This session will consider trustees' and employers' legal powers and the practical ramifications around RPI to CPI switches. It will discuss how trustees and employers can navigate the scheme rules legal lottery and members' "best interests" test, including how to identify a "power of selection" and its grey areas, and relevant factors for trustees considering discretionary switches.
This teach-in is sponsored and delivered by Baker McKenzie LLP
WHO IS IT FOR?
Employers, Pensions Managers,Trustees and anyone who wants to better understand the implications of switching from RPI to CPI
Partner, Baker McKenzie LLP
Inflation protection for occupational pension schemes
The Government's approach to inflation increases for preserved pensions and pensions in payment since 2010/2011
The case law relating to "power of selection" and whether Section 67 of the Pensions Act 1995 will prohibit a change affecting accrued rights
Examples of several forms of pension scheme "index" rules
Relevant fiduciary and practical considerations for trustees and employers
WHAT WILL I LEARN?
After attending the teach-in you will:
Be able to identify when trustees' and employers' may have legal powers to effect a switch to CPI for accrued rights - and any grey areas which may require further analysis
Be aware of the range of inflation uprating "index" provisions in UK pension schemes
Recognise how to apply the "best interests" test in an RPI/ CPI context
Recognise what experts say about RPI and CPI and the key factors for trustees and employers to take into account
WHEN AND WHERE IS THIS TEACH-IN?
16:30 -17:30 on 28 February 2017 at the Pensions and Lifetime Savings Association's offices in London
Registration from 16:15
Non-members - £100 + VAT (per meeting)
- FREE TO MEMBERS -
- EARN CPD CREDITS -
Sessions take place at the Pension and Lifetime Savings Association's London offices.
Click here for location details and nearby hotels.
For more information please contact Rebecca Moessl on tel: 020 7601 1709 or email: firstname.lastname@example.org