RPI to CPI switches in practice

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

   Baker Mckenzie Logo 

WHO IS IT FOR?

Employers, Pensions Managers,Trustees and anyone who wants to better understand the implications of switching from RPI to CPI

 

SPEAKER

Arron Slocombe, Partner, Baker McKenzie LLP


TOPICS

  • 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

 

FEES

 Non-members  - £100 + VAT (per meeting) 

- FREE TO MEMBERS -

- EARN CPD CREDITS -

  Book places

Turquoise line

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:  rebecca.moessl@plsa.co.uk