Law & RegulationRSS

Wider default definition will land more funds in charge cap net

The wider-than-expected definition of default funds in the government’s draft regulation could mean the charge cap applies to multiple funds at a scheme, hiking governance requirements expected of managers.

Academic backs call for IGCs to mirror trustee boards

NAPF Annual Conference 2014: Senior industry figures have called for independent governance committees to be more like trustee boards in their activities, to protect member interests.

How changes to the PPF levy could affect your scheme

Schemes are being advised to assess the cost of completing an annual valuation of asset-backed contributions, after the Pension Protection Fund announced non-property ABCs will be considered in levy calculations.

Experts call for Dutch-style information standards

Industry experts have called for the standardisation of pension scheme information, in the style of the uniform pension overviews found in the Netherlands.

Lothian reports on governance reform

Lothian Pension Fund has completed the first full year of governance reforms designed to increase representation for stakeholders and strengthen processes.

Employers face increased pension loss payouts after NHS case

Employers may be liable to pay increased compensation relating to pension loss to employees dismissed unfairly, lawyers have warned, after a tribunal appeal found an earlier decision had miscalculated the sum owed to an NHS scheme member.

How scrapping 55% 'death tax' could affect your DB scheme

Consultants have again predicted greater interest in transfers out of defined benefit schemes following the proposed removal of inheritance tax on pension pots, while others doubted the changes would have much impact.

How devolution could affect your scheme

Scheme professionals have predicted devolved tax and welfare powers to Scotland, England, Wales and Northern Ireland could increase the cost of administering schemes which have members across the UK, though others doubt the impact.

Schemes consider money purchase reversion to reduce employer risk

Legal experts have reported that schemes caught by the recent change in the definition of money purchase are trying to amend their benefits structures to remove the additional risk of guarantees.

Tax changes: how they affect scheme rules

Schemes have been urged to move quickly to prepare for forthcoming changes to pension tax legislation, with the new ‘uncrystallised funds pension lump sum’ expected to prove popular among members.

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