Law & RegulationRSS

Significant decrease in number of AE compliance notices issued

News On the Go

On the go: The number of auto-enrolment compliance notices issued by the Pensions Regulator reduced substantially during the final two quarters of 2018.

Pensions minister confirms commitment to CDC schemes

News On the Go

On the go: The minister for pensions and financial inclusion, Guy Opperman, has confirmed that the government intends to proceed with legislation to implement collective defined contribution schemes.

Only 8% of UK investors ready to comply with EU SRDII

News On the Go

On the go: A tiny proportion of institutional investors across Europe are ready to comply with the EU Shareholder Rights Directive II coming into force this year.

'Fraudster families' running pension scams worth millions of pounds

News On the Go

On the go: Organised crime groups led by families or married couples are running multimillion-pound pension scams, according to the Pensions Regulator.

New criminal sanctions could be difficult to enforce, experts say

The government has said that it plans to go ahead with proposals for new criminal offences to prevent and penalise mismanagement of pension schemes, but enforcing these sanctions may prove challenging, experts say.

IGC reports are ‘vague’ and lacking information, says Labour MP

The effectiveness of independent governance committees has come under the spotlight in the Work & Pensions Committee’s hearing on pension costs and transparency inquiry, with the bodies blasted for lacking information.

Gender pay gap narrows at PPF to 17.2%

On the go: Women’s pay has been edging up at the Pension Protection Fund (PPF) but the median gender pay gap is still a shocking 17.2 per cent, a drop of three percentage points from last year (20.4 per cent in 2017).

Last-minute dash expected for master trust authorisation

On the go: Only eight master trusts have applied for authorisation with the Pensions Regulator, leading to expectations that there will be a last minute dash as the March 31 deadline looms.

Court fines Mansoor Nasir £5,000 for workplace pension lies

One the go: Bradford-based accounts manager Mansoor Nasir, who tried to hide the fact that restaurants had not given their staff workplace pensions, has been fined £5,000.

DWP consultation ramps up pressure on small schemes to consolidate

The Department for Work and Pensions is ramping up the pressure on small schemes to consolidate and to consider long term illiquid investments.