Law & RegulationRSS

Regulator: Scammers continue to evolve, we will too

Talking head: The Pensions Regulator's Andrew Warwick-Thompson demonstrates how its Scorpion campaign is remaining nimble to tackle the evolving nature of pension scams.

How bankruptcy orders could drain savers' retirement pots

The April flexibilities could make the retirement savings of those in financial difficulty vulnerable to demands from creditors, with courts set to have their final say on whether a saver’s uncrystallised pot is open to a claim.

How DC savers feel about their retirement options

Data analysis: Most over-55s would prefer a secure guaranteed income for life over all other retirement options, a survey has found, prompting calls for the government’s guidance guarantee to cater to this preference.

How the staged, opt-in approach to PFM affects your scheme

The government’s plan for a staged, opt-in approach to pensions consolidation has divided the industry, with some calling the proposals pragmatic while others say they weaken a policy that may not survive the general election. 

Uncertainty on IGC detail as providers get ready for April

Pension scheme providers are gearing up ahead of the deadline to create independent governance committees, but are eagerly awaiting further details on how the arrangements will be run.

What schemes can learn from this year’s top 5 legal stories

Legal rulings on issues including increased pension loss payouts, clarification on RPI guidance and the introduction of new accounting reporting frameworks have challenged schemes to respond and factor in these changes in the year ahead. 

Ombudsman's RBS ruling builds pressure on scheme comms

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Pension schemes have been encouraged to increase the pre-retirement education given to scheme members, after the pensions ombudsman found the RBS Group Pension Fund “failed in [its] duty of care" to one member.

How schemes could use secondary debt market after Kaupthing ruling

Legal experts have said a High Court ruling allowing schemes to sell section 75 debts owed to them could reduce their running costs by speeding up the exit of sponsoring employers.

Latest IORP revision ditches 'professional' qualification requirement for trustees

The latest revision of the European Commission pensions directive has removed a contentious requirement for trustees to have a "professional" qualification – reigniting debate in the industry on the merits of a minimum standard of training.

Concerns that DC reforms will drive pensions liberation reach MPs

Industry figures have said the guidance guarantee and independent advice are important to prevent scheme members being lured into punitive liberation schemes by the prospect of increased retirement flexibilities – a problem brought before parliament this week.

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