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A practitioner’s guide to correcting mistakes in pension schemes / Paul Newman KC.

By: Material type: TextTextPublisher: London : Bloomsbury Professional, 2022Distributor: London : Bloomsbury Publishing, 2022Edition: First editionDescription: 1 online resourceContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781526522733
Subject(s): DDC classification:
  • 344.4101252
LOC classification:
  • KD3132 .N496 2022
Online resources:
Contents:
Chapter 1: Types of mistake --Chapter 2: Proving compliance --Chapter 3: Amendment --Chapter 4: Saving part of the amendment --Chapter 5: Construction --Chapter 6: Rectification --Chapter 7: Setting aside for mistake --Chapter 8: Other equitable principles --Chapter 9: Contract and estoppel --Chapter 10: Mistaken overpayments --Chapter 11: Mistaken underpayments --Chapter 12: Mistakes in scheme transfers --Chapter 13: Decision errors --Chapter 14: Procedure --Chapter 15: Compromises --Chapter 16: Negligence --Chapter 17: Tax.
Summary: The discovery of mistakes in pension scheme documents is as common as it is potentially serious for the administration of the scheme and for the sponsoring employer. The large sums invested in pension schemes mean that such mistakes are often very costly indeed. This book provides a practical guide to the different methods available to correct commonly-occurring mistakes in the governing provisions of pension schemes. It combines a detailed review of the law with (where relevant) practical tips, including analysis of the appropriate practice and procedure involved in the key methods of correction. With a significant body of case law enabling more authoritative answers to be given to the legal issues affecting the correction of pension scheme mistakes, and more and more mistakes being discovered because of the move to secure pension scheme liabilities with insurance companies, trustees and employers need swift and accurate legal advice on what they can do to correct such mistakes. This book provides them and their legal advisers with that advice ensuring they do not make the same costly mistakes that others have made..
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Chapter 1: Types of mistake --Chapter 2: Proving compliance --Chapter 3: Amendment --Chapter 4: Saving part of the amendment --Chapter 5: Construction --Chapter 6: Rectification --Chapter 7: Setting aside for mistake --Chapter 8: Other equitable principles --Chapter 9: Contract and estoppel --Chapter 10: Mistaken overpayments --Chapter 11: Mistaken underpayments --Chapter 12: Mistakes in scheme transfers --Chapter 13: Decision errors --Chapter 14: Procedure --Chapter 15: Compromises --Chapter 16: Negligence --Chapter 17: Tax.

The discovery of mistakes in pension scheme documents is as common as it is potentially serious for the administration of the scheme and for the sponsoring employer. The large sums invested in pension schemes mean that such mistakes are often very costly indeed. This book provides a practical guide to the different methods available to correct commonly-occurring mistakes in the governing provisions of pension schemes. It combines a detailed review of the law with (where relevant) practical tips, including analysis of the appropriate practice and procedure involved in the key methods of correction. With a significant body of case law enabling more authoritative answers to be given to the legal issues affecting the correction of pension scheme mistakes, and more and more mistakes being discovered because of the move to secure pension scheme liabilities with insurance companies, trustees and employers need swift and accurate legal advice on what they can do to correct such mistakes. This book provides them and their legal advisers with that advice ensuring they do not make the same costly mistakes that others have made..

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