Pensions Law CPD - Overview
There is not a great deal of case law relating to private pensions. All private pensions are founded on the law of trusts with the Courts relying on 18th and 19th century cases on traditional trusts, even though they mainly concerned family wealth. Common law is still largely responsible for pension regulation and the main Acts of Parliament concerning pension schemes are Pension Schemes Act 1993 and the Pensions Act 1995.
Lawyers working in the field of pensions law are advised to familiarise themselves with the vast number of statutory instruments that work alongside the common law to govern pensions law. The compulsory CPD training that all lawyers must complete each year should be used wisely to pick appropriate seminars and conferences that help build your chosen field of practice as well as satisfy your annual CPD hours.
Below are a few examples of the types and format of Pensions Law CPD courses available. Some of them are still available while others are just used to demonstrate the various courses on offer.
CPD Training in Pensions law – Course Information
Pensions Law Update – Seminar – CPD hours 3
This seminar provides practitioners with an opportunity to review the significant reforms proposed in the pensions sector and a closer look at recent developments and other issues relating to pensions. It examines the basic trends in pension provision, regulation and also pension taxation.
It starts by explaining what a pension scheme is and distinguishes between occupational and contract based schemes, taking a close look at final salary compared to money purchase scenarios. It covers popular pension provision options and pensions as a part of employment benefit packages, covering such areas as contractual promises, salary sacrifice.
It also discusses the roles of The Pensions Regulator including its “moral hazard” powers, the design of benefits and tax regime, HMRC limits and the Finance Act 2004.
The Pension Protection Fund including using contingent assets and levies is discussed as well as recent case law, developments in statute and the latest consultations.
Pensions: A Toolkit for Employment and Commercial Practitioners – Seminar – CPD hours 3
This seminar is aimed providing practitioners with an understanding of how the impending changes of workplace pension schemes will affect future schemes and how they will impact on existing ones.
The Pensions Law CPD seminar also provides information on National Employment Saving Trust (NEST) and the relationship between the pension scheme and the employment contract while considering how employees will be protected from suffering as a consequence of changes.
The seminar will include:
• a review of the recent UK pension’s structure by comparing defined benefit schemes and final salary schemes
• the national Employment Savings Trust, in terms of what it can offer employers and employees as well as pension provision and employment contracts
• how existing pension schemes are affected by the statutory minimum as laid out by NEST, and
• the correct way to terminate or reduce pension benefits without being on the wrong side of the law
The course also looks at what pension obligations transfer with business re-organisation according to TUPE.