Law & RegulationRSS

Accountant fined £6,857 for providing false information to avoid AE duties

On the go: The accountant of a London cafe has been ordered to pay £6,857.50 after he admitted falsely claiming to the Pensions Regulator that staff had been enrolled into pensions.

Govt must act on social care as crisis looms with rise in ageing population

On the go: A quarter of UK residents will be aged 65 years or over within the next 50 years. This is a result of improvements in life expectancy. 

Notts to report itself to TPR after employers botch data

The Nottinghamshire County Council Pension Fund is set to report itself to the Pensions Regulator after failing to produce some of its annual benefit statements on time.

Pension giants challenge companies on climate lobbying

The Church of England Pensions Board and Swedish pension fund AP7 have written to 55 large companies on their approach to climate lobbying, as government and regulators take action on Environmental Audit Committee recommendations to improve pension fund governance.

Changes to authorisation affecting some master trusts

Last-minute changes made to the master trust authorisation process by the Pensions Regulator have made it hard for a number of schemes to apply, a senior master trust figure has said.

High Court: Schemes must equalise GMPs

Defined benefit schemes must equalise guaranteed minimum pensions between men and women, the High Court has ruled, in a decision that could cost FTSE 100 companies alone up to £15bn.

Ford set to offer partial transfers

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Ford has agreed to offer members of its defined benefit scheme the right to partially transfer out half of their pension as cash at retirement, allowing former employees greater flexibility in their benefits.

Nest looks to online gaming for self-employed pensions

Master trust Nest is trialling incentive-based approaches, including methods used in online gaming and prize draws, with the aim of raising the rate of self-employed workers who save into a pension.

UK pension system still lagging on adequacy and sustainability

The UK pensions system has major shortcomings in its adequacy and sustainability, and could be improved by rowing back some of freedom and choice, according to research comparing retirement provision around the globe.

Fairs: Commercial consolidators pose new challenges for regulator

The Pensions Regulator has stated its support for the introduction of defined benefit consolidators, but is still grappling with key risks and challenges including the timing of necessary legislation and the impact consolidators may have on the marketplace.