The pensions industry has voiced concerns over regulatory weaknesses and a lack of urgency when tackling scams and regulating defined benefit to defined contribution transfers.
Less than a third of trustees think TPR will monitor fairly
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June 21, 2018
Just 31 per cent of trustees are confident the Pensions Regulator will police funding agreements fairly and effectively in future, according to a survey by consultancy Willis Towers Watson.
Government sets out proposals for trustee ESG investment duties
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June 19, 2018
Trustees will be expected to publish a statement on how they take account of scheme members’ ethical views, if proposed requirements floated in a government consultation are implemented.
SNP bill seeks PPF support for orphan liabilities
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June 19, 2018
A private members’ bill submitted by Scottish National Party MP Alan Brown last week could see the Pension Protection Fund taking on so-called orphan liabilities from multi-employer pension schemes.
Electrocomponents scheme invests in bespoke pooled fund
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June 18, 2018
The UK defined benefit scheme of FTSE 250 distributor Electrocomponents has moved much of its fixed income exposure into a qualifying investor alternative investment fund.
Regulator sees merit in criminal sanctions for DB sponsors
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June 18, 2018
The Pensions Regulator is prepared to deploy tough new powers promised by the Department for Work and Pensions’ defined benefit white paper, although it admitted that there will be a high bar for beginning any criminal proceedings against sponsoring employers.
Comment & Analysis
CDC ship has sailed for many employers
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June 20, 2018
Collective defined contribution's aim of providing a wage for life is laudable, writes Bravura Solutions' Jonathan Wileman, but with the shift to DC already underway and savers keen on freedoms, its moment may have passed.
Default pathways strengthen freedom and choice, not weaken it
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June 20, 2018
Members should always be encouraged to make an active choice about their retirement income, but we know not everyone will. Government should therefore provide clear principles to govern the creation of good-value defaults, says the Pension and Lifetime Savings Association's Nigel Peaple.
Trustee negotiation need not always result in a winner and a loser
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June 20, 2018
Edward Levy at Law Debenture Pension Trustees explains how to ensure effective trustee negotiation.
Videos & Podcasts
Regulator explains quicker, clearer, tougher
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June 20, 2018
Video: The Pensions Regulator has promised to be quicker, clearer and tougher in its new approach to regulating DB schemes, but what does it actually mean? Nicola Parish, executive director of frontline regulation, talks DB criminal sanctions, corporate activity and superfunds in this interview with Pensions Expert.
Guy Opperman talks AE, the self-employed and superfunds
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June 13, 2018
Podcast: From the government's review of auto-enrolment, to the publication of its defined benefit white paper, the past 12 months have been a busy time regarding retirement saving. While a significant amount of progress has been made, plenty more is needed. In this podcast, Guy Opperman, minister for pensions and financial inclusion, discusses auto-enrolment, pensions for the self-employed and superfunds.
Should member-nominated trustees be elected or selected?
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May 30, 2018
Podcast: Under the Pensions Act 2004, at least one-third of a pension scheme’s trustees should be member-nominated. David Brooks, technical director at consultancy Broadstone, and Stephen Fallowell, former MNT at the Royal Bank of Scotland Group Pension Fund and committee member of the Association of Member Nominated Trustees, debate the merits of electing trustees versus selection by panel.