By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “offsetting” remains the most commonly adopted remedy” The value of pension benefits may be substantial, which is why they are taken into account when determining how the marital assets are to be carved up on divorce. The second edition of “A Guide to the Treatment of Pensions on Divorce” has… Read More »
By Anna Gray at BWCI anna.gray@bwcigroup.com “a range of sanctions, including in the most serious cases, substantial fines and imprisonment for criminal offences.” This is a summary only. Legal advice should be sought to understand the position in relation to any specific circumstances. The new duties on employers to auto-enrol staff into a pension scheme… Read More »
BWCI has been a member of DIFERA since 2018. This is Liberate’s employer accreditation scheme which awards organisations with a quality mark to demonstrate that the six principles of Diversity, Inclusion, Fairness, Equality, Respect and Acceptance are at the heart of what the organisation does. This year BWCI appointed a group of DIFERA “champions” to… Read More »
By Anthony Brewer at BWCI anthony.brewer@bwcigroup.com “The priority for many schemes has become protecting their improved funding positions” A rapid rise in yields has changed the funding picture for many Defined Benefit (“DB”) pension schemes dramatically over the last couple of years. It is hard to exaggerate the speed at which the yields on UK… Read More »
By Mark Colton at BWCI mark.colton@bwcigroup.com “No bank maintains sufficient capital to pay all its depositors at once.” Like a tabloid journalist’s headline, “CoCo pops” was inevitable, albeit a million miles away from the sugary breakfast cereal. “CoCo”s are a type of investment, and some of them have imploded spectacularly. What are CoCos? A “CoCo” is… Read More »