Daniel advises a range of pension schemes, in both the public and private sector and across the spectrum of scheme sizes. He provides practical, solutions-driven advice on a wide variety of pensions legal issues including funding and investment, scheme closure and benefit alteration, the employer debt regime, and group life arrangements. Daniel has developed particular expertise in data protection issues, and has given training to trustees and coordinated compliance projects for the General Data Protection Regulation.
Pensions Ombudsman targets quicker, simpler resolution of disputes
The Pensions Ombudsman (TPO) has published its latest corporate plan, setting out how it intends to “complete the transformation of the Pensions Ombudsman” over the next three years.
This comes in the wake of the release of TPO’s 2017/18 Annual Report and Accounts, which shows a continued increase in the number of cases brought before the Ombudsman.
Brexit: What can employers do now to help support their EU employees?
In order for employers can effectively support affected employees, it is important to be aware of the process that EU citizens/workers will require to go through in order to remain in the UK.
DWP consults on new powers for regulator
The Department for Work and Pensions (DWP) has launched a consultation on its proposals for new and enhanced enforcement and investigation powers for the Pensions Regulator (TPR).
The online consultation, open from June to August 2018, builds on the DWP’s earlier proposals for TPR reform in its White Paper on Protecting Defined Benefit Pension Schemes.
The DWP proposes change in three areas:
Increased corporate transaction oversight
Shepherd and Wedderburn acts for OLIM Property in £29.5m purchase of Booker warehouses
OLIM Property, the institutional property investment managers, have bought four freehold and one long leasehold wholesale cash and carry warehouses for £29.536m. Shepherd and Wedderburn acts in relation to four of the five purchases.
Scottish court finds four pension schemes validly amended despite paucity of documentation
Shepherd & Wedderburn’s Commercial Litigation team has secured a favourable ruling for clients in The Trustees of the Johnston Press Pension Plan and others  CSOH 21, a decision that confirms the common-sense approach applied by the Scottish courts in reviewing pension scheme amendments and provides four examples of circumstances in which the Scottish courts will presume that what ought to have been done was done, in the absence of clear evidence either way.
Shepherd and Wedderburn advises in £35m pensioner buy-in
Canada Life Limited has completed a £35m pensioner buy-in transaction for the A.G. Barr plc (2008) Pension and Life Assurance Scheme. Hymans Robertson LLP, with Shepherd and Wedderburn LLP advised on the transaction.