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Pension protection in an independent Scotland
Pension protection in an independent Scotland The UK government has published the third in its series of Scotland analysis papers, intended to inform the debate on Scottish independence in advance of the September 2014 referendum. The paper covers Financial Services and Banking and examines the arrangements to protect consumers of financial products in the UK and in a future in…
Redundancy consultation and protective awards
The Employment Appeal Tribunal ("EAT"), in the case of AEI Cables v GMB, has reduced the level of a protective award payable to employees dismissed as redundant, in circumstances where the redundancies had to be made immediately to avoid the company trading whilst insolvent. AEI Cables is a manufacturer of copper wiring and cable. In 2010/2011, for various reasons, it faced se…
Pension contributions are not wages for the purposes of unlawful deduction legislation
In the recent case of Somerset County Council v Chambers, the EAT has ruled that contributions to a pension scheme did not come under the definition of “wages” when determining whether an employer has made an unlawful deduction from an employee’s wages under the Employment Rights Act 1996 (“ERA”). Mr Chambers had previously been a full-time employee of the Council prior to his …
New rights for pension trustees on takeovers
Changes to the Takeover Code, which come into force on 20 May, will give pension scheme trustees new rights to be involved in the takeover process. Going forward, trustees must be provided with key information on the offer and given the opportunity to publish their opinion on the impact it will have on the scheme. Although the changes will not give trustees a seat at the negoti…
BIA Women in Biotech Networking Event
Shepherd and Wedderburn is pleased to be hosting at its London offices the BioIndustry Association (BIA) Women in Networking event on 28 May 2013. The evening workshop is part of the BIA’s “Poised for Success - a series of evening networking events” and is open to all women within the bioscience/pharma sector. Details can be found on the BIA website. Clients and contacts of …
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