Law & RegulationRSS

APS trustees given go ahead to use scheme assets to fund appeal

On the go: Trustees of the Airways Pension Scheme have been given permission to use scheme assets to fund an appeal to the Supreme Court over APS discretionary increase litigation.

Health secretary in talks with chancellor over pensions tax relief

On the go: Matt Hancock, the secretary of state for health and social care, is in discussions with the chancellor over the issue of pensions tax relief and the impact it has on GP retention.

Taylor Wimpey foresees £20m GMP funding hit

Taylor Wimpey teaser 2 (Bloomberg)

One of Britain's largest house-building companies, Taylor Wimpey, has announced that its pension scheme liabilities will increase by up to £20m in the wake of a recent legal ruling on guaranteed minimum pensions.

FCA warns of looming retirement poverty prospect

On the go: Inadequate retirement incomes that do not meet consumers’ expectations remain the central challenge for the pensions industry, according to the Financial Conduct Authority.

Accounts manager admits workplace pensions cover-up

On the go: A Bradford-based accounts manager lied to investigators to try to hide the fact that restaurants had not given their employees workplace pensions.

Select committee launches inquiry into contingent charging

On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.

144% rise in number of businesses fined for auto-enrolment errors

On the go: The number of businesses fined by the Pensions Regulator for auto-enrolment errors has climbed 144 per cent to 35,810 in 2017-18 from 14,650 in 2016-17, according to recent analysis by commercial law firm EMW.

Master trusts slow to seek authorisation from TPR

On the go: Master trusts continue to be tardy in applying for authorisation from the Pensions Regulator, with the watchdog revealing that it has only received six applications for authorisation as at December 31 2018.

PPF starts payments following ECJ ruling

On the go: The Pension Protection Fund has begun to top up the compensation of members receiving less than 50 per cent of their original pension promise, following a landmark ruling by the Court of Justice of the European Union.

Govt discriminated against younger judges and firefighters, court finds

The government has suffered another legal defeat over its handling of changes to pension provision for judges and firefighters, with a court maintaining that it discriminated against younger members and indirectly against ethnic minorities and women.