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A Practitioner's Guide to Correcting Mistakes in Pension Schemes

TaschenbuchKartoniert, Paperback
384 Seiten
Englisch
Bloomsbury Academicerschienen am31.03.2022
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.This book will help the reader to:· To select the most appropriate method of correcting the mistake· Consider including provisions in the terms of the pension scheme which may make the correction of the mistake easier and cheaper· Select the most tax-efficient way of correcting the mistake· Understand the processes involved in correcting the mistake· Better advise their clients as to how to deal with the mistakeThis title is included in Bloomsbury Professional's Pensions Law online service.mehr

Produkt

KlappentextThe 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.This book will help the reader to:· To select the most appropriate method of correcting the mistake· Consider including provisions in the terms of the pension scheme which may make the correction of the mistake easier and cheaper· Select the most tax-efficient way of correcting the mistake· Understand the processes involved in correcting the mistake· Better advise their clients as to how to deal with the mistakeThis title is included in Bloomsbury Professional's Pensions Law online service.
Details
ISBN/GTIN978-1-5265-2270-2
ProduktartTaschenbuch
EinbandartKartoniert, Paperback
FormatTrade Paperback (USA)
Erscheinungsjahr2022
Erscheinungsdatum31.03.2022
Seiten384 Seiten
SpracheEnglisch
MasseBreite 156 mm, Höhe 246 mm, Dicke 25 mm
Gewicht608 g
Artikel-Nr.58452127
Rubriken
GenreRecht

Inhalt/Kritik

Inhaltsverzeichnis
Chapter 1: Types of mistakeChapter 2: Proving complianceChapter 3: AmendmentChapter 4: Saving part of the amendmentChapter 5: ConstructionChapter 6: RectificationChapter 7: Setting aside for mistakeChapter 8: Other equitable principlesChapter 9: Contract and estoppel Chapter 10: Mistaken overpayments Chapter 11: Mistaken underpaymentsChapter 12: Mistakes in scheme transfers Chapter 13: Decision errors Chapter 14: Procedure Chapter 15: Compromises Chapter 16: NegligenceChapter 17: Taxmehr