Podcast Location:
Download it here [file size: 46.2 MB]
Categories:
Pensions Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This CPDcast aims to ensure that legal practitioners are familiar with the changes to defined contribution pension schemes that came into effect from 6 April 2015.

Outcomes:
After completing the course you will:
  • Understand what a defined contribution pension scheme is;
  • Be aware of the position in respect of defined contribution pension scheme benefits prior to the March budget;
  • Know what the new pension flexibilities are;
  • Understand the position in respect of dependents / death benefits;
  • Be aware of the new flexibilities in respect of transfers;
  • Know who has the power to amend the pension scheme rules if they want to take advantage of the new flexibilities;
  • Understand what pension schemes are doing in practice;
  • Be aware of what employers and trustees are able to tell members to help them make the right decisions, and what the Government is doing in this area.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Introduction
Legal Principles
Legislative Updates
Market Update / Hot Topic
Procedural
Sources and References:
Tags:

In this CPDcast, Jonathan Sharp, an Associate at Baker & McKenzie, looks at the changes to defined contribution pension schemes that came into effect from 6 April 2015. Jonathan focuses on the position of defined contribution pension schemes prior to 6 April 2015, takes us through the new flexibilities, drawdown option, lump sum option and small pot lump sums. Jonathan also be looks at what the position is in respect of dependents and death benefits, before taking us through the new flexibilities in respect of transfers and the amendment of pension scheme rules.

This course (podcast plus test) is accredited with 1 CPD hour for barristers at the Bar of England and Wales.

This course (podcast plus test) is accredited with 1 CPD point (0.5 for the podcast and 0.5 for completion of the test) for solicitors and legal professionals.

Podcast Length: 33:39

Date Recorded: 1st July 2015

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