Law & RegulationRSS

Less than a third of trustees think TPR will monitor fairly

Just 31 per cent of trustees are confident the Pensions Regulator will police funding agreements fairly and effectively in future, according to a survey by consultancy Willis Towers Watson.

Industry calls for regulatory speed and stronger approach to scams

The pensions industry has voiced concerns over regulatory weaknesses and a lack of urgency when tackling scams and regulating defined benefit to defined contribution transfers.

TPR suspends trustee after fraud investigation launched

On the go: The Pensions Regulator has suspended a pension scheme trustee after detectives launched a fraud investigation.

Government sets out proposals for trustee ESG investment duties

Trustees will be expected to publish a statement on how they take account of scheme members’ ethical views, if proposed requirements floated in a government consultation are implemented.

SNP bill seeks PPF support for orphan liabilities

A private members’ bill submitted by Scottish National Party MP Alan Brown last week could see the Pension Protection Fund taking on so-called orphan liabilities from multi-employer pension schemes.

Regulator sees merit in criminal sanctions for DB sponsors

The Pensions Regulator is prepared to deploy tough new powers promised by the Department for Work and Pensions’ defined benefit white paper, although it admitted that there will be a high bar for beginning any criminal proceedings against sponsoring employers.

Plumber wins workers' rights case

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The Supreme Court has upheld a verdict that Gary Smith, a former contractor who carried out work for Pimlico Plumbers between 2005 and 2011, was indeed a worker at the company and was consequently entitled to workers’ rights there.

Industry backs alternative to mandatory clearance

Requiring companies to prepare a formal statement on how corporate activity might affect their pension schemes could help protect members from being put at risk, a survey of restructuring professionals has suggested.

Guy Opperman outlines hopes to harness fintech

Pensions and financial inclusion minister Guy Opperman says he hopes to harness fintech to boost saving for the self-employed, while aiming to bring in legislation for defined benefit regulation next year.

ITV cleared to appeal Box Clever judgment

On the go: ITV has been granted permission to appeal a court decision upholding the Pensions Regulator's ability to issue a financial support direction against the broadcaster in relation to the Box Clever scheme.

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