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The McCloud remedy: Adviser overview - unfunded schemes

Published  12 December 2019
   40 min CPD

In this webinar Moira Warner and Justin Corliss, Senior Pension Development and Technical Managers, discuss the changes to the pension benefits of unfunded public sector members as a result of the McCloud remedy.

This webinar provides a broad overview of the remedy in relation to unfunded schemes.

In our follow on webinar ‘The McCloud remedy: taxation and adjustments - unfunded schemes’ Justin and Moira explore the tax implications and other adjustments as a result of the McCloud remedy.

CPD learning outcomes - 40 minutes

  • Describe the background to the issue
  • Explain which members will be impacted by the proposed remedy
  • Explain at high level how the remedy will work

What's covered

  • The changes to the pension benefits of unfunded public sector members
  • A look at which members will be impacted by the proposed remedy
  • A high level explanation of how the McCloud remedy will work.

CPD certificate of completion

Once you've reviewed the CPD content, simply complete the short quiz below and fill out your details to receive a CPD certificate of completion.

Check your knowledge

To gain your CPD certificate answer the following questions.

1. To be in scope for the McCloud remedy, a public sector pension scheme member needed to have been:
2. There are two stages to the McCloud remedy known as:
3. Only those younger members who were subject to the age discrimination will be eligible for the remedy?
4. On which date were all members of public sector pension schemes who weren't already in the relevant 2015 Career Average Revalued Earnings (CARE) scheme, moved to it?
5. By when do schemes have to move in-scope/eligible members back to their legacy schemes as part of the McCloud remedy?

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