Law & RegulationRSS

TPR reviews schemes eligible for Fraud Compensation Fund

Fotoware

The Pensions Regulator and the Pension Protection Fund are undertaking a review of schemes that may be eligible for the Fraud Compensation Fund, following uncertainty surrounding instances where no independent trustee has been appointed to a scheme.

Aon and WTW cancel $30bn mega-merger

News on the go

On the go: Aon and Willis Towers Watson have abandoned their planned $30bn (£21.7bn) merger after an intervention from the US Department of Justice.

Treasury and pension committees write to PM over online scam ads

News on the go

On the go: The Treasury and Work and Pensions committees have written to the prime minister urging him to reconsider including paid-for online advertisements in the government's online safety bill.

Employer seeks £265,000 in damages from Plumbing Pensions

Pixabay

A plumbing employer has filed a summons at the Court of Session in Edinburgh seeking more than £265,000 in damages from Plumbing Pensions over its alleged repeated failures to manage the scheme’s Section 75 debt.

Govt to open new public sector scheme for judges in 2022

News on the go

On the go: The Ministry of Justice has launched a consultation on creating a new public sector pension scheme for judges, which will address the issues caused by the McCloud judgment and allow the government to have a pensions-based solution for the whole judiciary.

Pensions Ombudsman taking longer to resolve old complaints

News on the go

On the go: The Pensions Ombudsman has seen delays in resolving complaints, due to the impact of Covid-19 and the increased complexity of these cases.

Weekly Roundup: A bad week for the DWP

Dreamstime

This week – DWP loses court battle on PPF cap, PHSO takes aim at the department over ‘maladministration’, USS employers pledge greater covenant support, and government U-turns on minimum pension age.

Too much jargon hampers sustainable investing drive

Podcasts

Podcast: Georgia Stewart, chief executive of Tumelo, and Chris Hulatt, co-founder of Octopus Group, talk sustainability, inter-generational fairness and cryptocurrencies.

Ombudsman slaps fine on ‘reckless’ trustee for multiple breaches

iStock

The Pensions Ombudsman has upheld a complaint against the trustee of a small pension scheme for multiple breaches of trust and instances of malpractice, while demanding they reimburse the scheme to the tune of hundreds of thousands of pounds.

DWP’s stronger nudge is not ‘fit for purpose’

News on the go

On the go: The “stronger nudge” towards guidance recently proposed by the Department for Work and Pensions is inadequate on its own and will impact members too late in the process to have a real effect, according to industry experts.