Archive for July 2017

Andrew Kerrin

On this summer lunchtime in July, as blue skies backdrop the birds flying by the Spence office windows, and tourists bustle by on the streets below, I’ve found myself looking for inspiration for an introduction for this quarter’s pension update. Yet, I needn’t have looked far. Classic lyrics from The Byrds, that have been stuck in my head for a few days now, might just do the trick. Read more »

Andrew Kerrin

“If Mr Walker was married to a woman, or, indeed, if he married a woman in the future, she would be entitled on his death to the pension provided by the scheme to a surviving spouse.  When the claim was issued, the value of that “spouse’s pension” was about £45,700 per annum.  As things stand at present, Mr Walker’s husband will be entitled to a pension of about £1,000 per annum (the statutory guaranteed minimum).”

This is how the Supreme Court judgement described the situation in which Mr Walker found himself, in relation to his membership of Innospec’s DB scheme.  How did this happen?  Ironically it was the anti discrimination provision in the Equal Treatment Framework Directive, coupled with scheme rules, that allowed this disparity to occur in respect of same sex survivors’ pensions. Read more »

David Davison

I’m often asked to explain why contractors have finished up with a substantial bill payable to an LGPS at the end of an out-sourced contract. I’ve therefore compiled this very simplistic worked example to highlight the issues contractors face. The figures are for representative purposes only and are not intended to be either detailed or LGPS liability specific. Read more »

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