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pensions

Never has pensions advice been more necessary; both companies and trustees should begin to consider the far reaching effects of the "new pensions act", due to come into force during 2005.

Pension requirements affect nearly every employer in the UK. Any company with five or more employees is required to provide access to at least a stakeholder scheme and failure to comply can lead to fines of up to £50,000.

Browne Jacobson’s pensions team already works for over 75 different schemes providing sensible and pragmatic advice on all pension related issues. The service is unrivalled in the midlands and covers all client needs from drafting trust deeds to advising on scheme wind-ups, ensuring compliance with UK requirements and resolving member disputes.

Changes to legislation and the recent poor performance of pension funds have led many companies to reassess final salary pension schemes. The pensions team has become skilled in providing advice and services for companies in all situations, whether they are looking to wind-up existing schemes or review options for future ones.