Law & RegulationRSS

HP sets up trustee company in simplification push


The Hewlett Packard Limited Retirement Benefits Plan has changed the structure of its trustee board to a trustee company, in a move to simplify processes while increasing scrutiny of trustee actions. 

Schemes urged to take action on data security

Pension schemes must use the next 12 months to review and update data protection practices, industry experts have urged, ahead of new rules which could result in huge fines for trustees.

BA judgment shows value of diligent minute-taking

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British Airways has lost a legal battle against the Airways Pension Scheme involving the trustees' decision to introduce a 0.2 per cent discretionary increase, as experts have stressed the importance of carefully documenting all decision-making processes.

Advice suitable but disclosure too complex, finds FCA

The Financial Conduct Authority has published the findings from its review into the suitability of pensions and investment advice, but while the results are reassuring, experts say more needs to be done to make advice less convoluted.

Regulator zeroes in on dividends

The Pensions Regulator has targeted employers who pay large dividends while underfunding defined benefit pension schemes in its latest annual funding statement, increasing the pressure on trustees to secure as much funding as possible.

Industry divided over retrospective changes to pensions

Nearly half of pensions professionals and scheme representatives believe that retrospective changes to pensions promises should be allowed, according to a recent survey, suggesting growing concern over the level of defined benefit liabilities.

Blockchain and bitcoin: Trustees urged to adapt to change

Source: Bloomberg

Many are still unfamiliar with the concept of bitcoin and blockchain, but experts say the pensions industry must engage with technology and accept change to adapt to an increasingly digital world.

What the DB green paper might (not) change

As the deadline for the consultation on defined benefit security and sustainability approaches, what are the industry's hopes – and fears – for the DB framework?

Nortel inches closer to PPF-plus as £5bn lockbox opened


The Nortel Networks UK Pension Plan is set to receive more than £1bn in assets from its insolvent sponsor Nortel in the coming months, after US and Canadian courts agreed to open a $7bn (£5.4bn) escrow ‘lockbox’.

Should trustees review their advisers more often?

Analysis: There are myriad tasks involved in running a scheme, so time is precious and efficiency is key. But when it comes to evaluating advice, how can trustees measure performance, and should they be reviewing their consultants more frequently?  

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