The no vote in Scotland - A closer look at Pensions

DWF has a strong Scottish offering and works for a number of major clients with interests in the country. From a business perspective, the issues around currency, regulatory environments and EU membership no longer need to be resolved; but clients can be reassured that DWF understands the changing situation, and can be relied on to offer solutions whatever happens with newly devolved powers.

The outcome of the referendum vote in Scotland on September 18th 2014 means that tax and regulatory framework changes as well as the funding challenges for cross-border pension schemes and potential splitting of public sector pension schemes all fall away. Other changes to the pension landscape are already underway though. The changes announced by the Chancellor in his Budget in the Spring this year have huge implications for employers and workers.

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Scottish No Vote Pensions

This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

June Crombie

Partner - Head of Pensions (Scotland)

As Head of Pensions in the Scotland office, I bring over 26 years’ experience to my clients to help them to make better decisions and achieve their aims.