On the go: The Pensions Regulator is warning employers not to avoid their pension duties after one company ended up with a £350,000 fine.
Law & Regulation
TPR adds three more master trusts to list of authorised schemes
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August 20, 2019
On the go: Atlas Master Trust, The Cheviot Pension and The People’s Pension have all been added to the Pensions Regulator’s list of authorised master trusts.
High Court blocks Prudential's £12bn annuity transfer to Rothesay
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August 19, 2019
On the go: The High Court of England and Wales has taken the exceptional step of blocking the transfer of a £12bn portfolio of annuities from The Prudential Assurance Company Limited, a subsidiary of M&GPrudential, to Rothesay Life – leaving a question mark over future deals of this nature.
State pension age should rise to 75, says think tank
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August 19, 2019
On the go: A chorus of critics has condemned the Centre for Social Justice’s proposal to increase the state pension age to 70 by 2028, with a further rise to 75 by 2035, to make the system more sustainable and reflect longer life expectancies.
TPR writes to 120 schemes about incorrect equalisation calculations
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August 16, 2019
The Pensions Regulator has written to the trustees of 120 pension schemes administered by Prudential making them aware of potential pension payment errors.
Why s72 requests have ramped up in recent years
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August 15, 2019
Analysis: The Pensions Regulator's "clearer, quicker and tougher" approach is one of the main reasons behind the recent spike in section 72 requests, experts say.
How schemes can play their part in bridging the gender pensions gap
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August 15, 2019
Childcare costs and commitments, as well as the absence of tailored communications, mean that many women are retiring with less than men.
National Pension Trust and SEI Master Trust achieve authorisation
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August 13, 2019
On the go: National Pension Trust and the SEI Master Trust have been added to the Pensions Regulator’s list of authorised master trusts.
Britvic seeks court approval for RPI/CPI switch
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August 12, 2019
Soft drinks manufacturer Britvic is the latest business to attempt to switch the basis for its defined benefit pension increases from the retail price index to the consumer price index, with other companies reputedly queuing up to take legal advice on this very point.
Widen taper consultation to fix pensions tax system, experts say
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August 8, 2019
A chorus of pension experts is urging the government to extend the ambit of its consultation on the workings of the tapered annual allowance to include the private sector along with other anomalies and injustices.