Law & RegulationRSS

Government fires ‘starting gun’ on superfund deals

A government consultation published last week will allow the UK’s commercial defined benefit consolidators to press ahead with their first deals, it has been claimed, although some experts say questions remain over how the businesses can be prudently regulated.

Field calls for swift action from TPR on Johnston pre-pack

On the go: Chair of the Work and Pensions Committee, Frank Field MP, has written to the Pensions Regulator with serious concerns about the possible 'dumping' of pension liabilities using a pre-pack deal.

DWP expects superfunds to have 99% probability of success

On the go: The Department for Work and Pensions has outlined its thinking on the regulation of commercial defined benefit consolidation vehicles in a consultation, removing a major hurdle to scheme sign-up.

PMI report predicts just 20 master trusts in five years’ time

On the go: There will be no more than 20 master trusts in five years’ time, according to an influential report from the Pensions Management Institute, which predicts the new master trust authorisation regime will lead to widespread consolidation and collaboration.

BT section must stick to RPI, Court of Appeal says

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BT has lost an appeal seeking to allow it to downgrade the inflation protection given to some of its defined benefit members.

DWP maintains £10,000 earnings threshold for 2019-2020

On the go: The Department for Work and Pensions has announced that the earnings threshold for auto-enrolment into a workplace pension is to be frozen at £10,000 for 2019-2020.

21% of older workers think they are too savvy to be scammed

A joint regulatory scams awareness campaign has prompted tens of thousands of people to seek information about pension scams, but more than half of 45-65 year olds with a pension still do not think they are likely to be targeted by a scam.

Southern Water agrees higher DRCs after regulator investigation

Utility company Southern Water has agreed to pay significantly higher deficit repair contributions under a shorter recovery period, following an investigation by the Pensions Regulator.

DWP eyes scheme dashboard compulsion within 4 years

PLSA Annual Conference 2018

Occupational pension schemes may be expected to provide member data to pensions dashboard services or face regulatory punishments within the next four years, according to a feasibility study by the Department of Work and Pensions.

Govt and scheme decision-makers told to tread with caution on CDC

Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.