Page 54 - Travers Smith News Today

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money, says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme...

By IPE Staff2021-05-11T13:06:00+01:00 The Nortel Networks UK Pension Plan has agreed a second buyout worth £105m (€122m) with Legal & General Assurance Society Limited. The move follows a £2.4bn buyout transaction between the scheme and Legal & General back in 2018, which ended the fund’s long assessment period in the Pension Protection Fund (PPF). Through this initial transaction, Nortel was able to secure benefits that were higher than PPF levels. The scheme originally entered PPF a...

Nortel calls on L&G for second buyout Print Nortel Networks UK Pension Trust Ltd., Surrey, England, insured £105 million ($145 million) in liabilities through a buyout with Legal & General Assurance Society, confirmed Clive Gilchrist, chairman of the plans trustees. The transaction is the second buyout deal for the plan and it covers the benefits of 8,200 retirees and 4,300 plan participants who are yet to retire. Through the previous buyout in 2018 — also with L&G — Nortel insured £2.4...

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money, says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme...

Role call: the former ministers who found private sector jobs Rob Davies and Georgina Quach David Cameron’s lobbying efforts on behalf of his employer Greensill Capital have shone a spotlight on the often lucrative corporate work on offer to former cabinet members and junior ministers with valuable experience of government and a bulging contacts book. While the former prime minister’s overtures to serving ministers are unusual in that they prompted an unprecedented formal in...

Charge cap proposals not enough and more radical overhaul needed, says SPP RSS Feed Our RSS feed is provided for personal use. Re-publication of Professional Pensions articles via RSS on another website is a breach of copyright and is prohibited. If in doubt please contact us.RSS feed Most popular content Events Industry Voice Guides If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access accoun...

Following Brexit, the U.K.s competition watchdog is staking its place in the Big Tech backlash CNBC 3 hrs ago The CMA has featured in many headlines over the last year. In recent weeks, it put the kibosh on the merger between Seedrs and Crowdcube, two of the U.K.s largest equity crowdfunding platforms. It probed Amazons investment in Deliveroo, holding up the funding for months to assess its impact on food delivery in the U.K. It ultimately approved the deal. The new digital unit appears to b...

Shearman hires Travers Smith London M&A head to boost global deals team 17 March 2021 Phil Cheveley will lead Shearmans EMEA M&A practice alongside Laurence Levy Victor Moussa Shearman & Sterling has hired corporate lawyer Phil Cheveley to bolster its London M&A team, part of a wider strategy to grow its global deals capability. Cheveley joins as a partner from Travers Smith, and will be head of M&A for Europe, Middle East and Africa alongside Laurence Levy. Cheveley’s experience spans both...

We still have further to go to achieve gender equality for women lawyers globally There is an abundance of talented and inspirational individuals in the tax sector. However, despite widespread awareness of gender inequality and some fantastic groups and events designed for women in tax, many women find that some form of the glass ceiling still exists. Women who are successful during their early career are often unable to progress beyond the senior manager level because of personal priorities. T...

Latham & Watkins lands US trade commissions former competition bureau director 02 March 2021 Latham & Watkins lands US trade commissions former competition bureau director Ian Conner will join as a partner in the firms litigation and trial department in Washington By DCStockPhotography Latham & Watkins has hired former director of the US Federal Trade Commission’s Bureau of Competition Ian Conner as a partner in the firm’s litigation and trial department in Washington DC.  Conner – who...