Law & RegulationRSS

TPR investigates schemes suspected of cold-caller links

The Pensions Regulator and police have begun an investigation into several schemes suspected of links to cold-calling activities; the police have interviewed two people under caution and arrested a third before releasing him.

Field wants Green to seek TPR clearance for Arcadia sale

Work and Pensions Committee chair Frank Field has written to Sir Philip Green asking him to commit to seeking voluntary clearance from the Pensions Regulator before selling Arcadia Group. Field said he will also write to the Pensions Regulator.

Field: Carillion directors ‘contemptuous’ of pension obligations

Letters from trustees of the main Carillion pension schemes to the Pensions Regulator suggest that directors of Carillion were “contemptuous” of their pension obligations, according to chair of the Work and Pensions Committee, Frank Field.

High Court backs employers in Wedgwood dispute

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The High Court has ruled in favour of participating employers in the Wedgwood Group Pension Plan, who terminated their liability to contribute to the scheme in 2006.

Select committee: Members let down by response to British Steel


The Pensions Regulator, Financial Conduct Authority and the UK government have all let down former members of the British Steel Pension Scheme, according to a scathing report into the scheme’s restructuring and ensuing transfers scandal.

Scotland’s transport police could get separate scheme section

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Members of the British Transport Police Force Superannuation Fund are set to be moved to a new section in the scheme from April 2019 if trustees agree, while new recruits will join the unfunded police arrangement or Local Government Pension Scheme.

TPAS dispute function to be absorbed by ombudsman

The dispute resolution function of the Pensions Advisory Service is to move to the Pensions Ombudsman, in a bid to simplify the process for savers who are dissatisfied with their scheme's service.

DWP response on scams and guidance 'light on details'

The Department for Work and Pensions has said it will "continue to work swiftly" to bring in a cold-calling ban, but commentators have warned more needs to be done to protect vulnerable savers.

Thales case shines light on power of scheme rules

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A High Court case involving Thales and trustees of its pension scheme has concluded it cannot move from the retail price index to the consumer price index for some benefits, highlighting how the wording in a scheme’s rules dictates the measure of inflation that is used.

Pensions Ombudsman investigates transfer complaints

The Pensions Ombudsman is investigating a group of over 150 complaints surrounding transfer values relating to the British Steel Pension Scheme. It will soon carry out another investigation over member complaints about early retirement factors.

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