Law & RegulationRSS

PPF must not cut pensions by more than half, EU court rules

The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.

CJEU rules against PPF cap

News On the Go

On the go: The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.

Government hands industry reins on dashboard project

Work and pensions secretary Esther McVey has said she "backs the industry" to deliver the pensions dashboard, but key details including whether the government will compel schemes to submit information remain unclear.

DWP restates commitment to industry-led dashboard

News On the Go

Work and pensions secretary Esther McVey has said she "backs the industry" to deliver the pensions dashboard, but key details including whether the government will compel schemes to submit information remain unclear.

PLSA pitch for light-touch tender rules raises eyebrows

The Pensions and Lifetime Savings Association has called for mandatory fiduciary management tenders mandates to be closed processes with no minimum number of applicants, but some experts have questioned whether the move would do anything to change the status quo.

The Weekly Wrap: August 31 edition

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A round-up of the pensions news stories published across the FT Group this week, from the Russian president’s compromise, to the potential cost of failing to deliver the pensions dashboard.

Frank Field resigns Labour whip

News On the Go

On the go: Work and Pensions Committee chair Frank Field has resigned the Labour Party whip, citing a hostile atmosphere and alleged anti-semitism within the party.

Regulator tells schemes to consider cutting transfer values

The Pensions Regulator asked the trustees of 14 defined benefit schemes to review their transfer processes and consider cutting transfer values for members considering cashing in their benefits.

Regulator calls for schemes to consider lowering transfer values

On the go: The Pensions Regulator has asked the trustees of several defined benefit schemes to contemplate cutting transfer values for workers opting out of schemes.

Michael Johnson: Replace pensions tax relief with bonuses

In a bid to make pensions saving more progressive, the Centre for Policy Studies has recommended substituting tax relief on pensions for capped bonuses on individual and employers’ retirement contributions.