Law & RegulationRSS

Ombudsman sides with Pilots’ trustee on accrual rate changes

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The Pensions Ombudsman has sided with the trustee of the Pilots’ National Pension Fund in its move to change the scheme’s benefits accrual rate, noting that the decision was reached “following a reasonable decision-making process”.

TPR takes three suspects to court over multimillion-pound fraud

News On the Go

On the go: Three people appeared in court on Tuesday following an investigation by the Pensions Regulator into a multimillion-pound pension fraud.

Dashboards milestone reached as PDP looks for architecture supplier

News On the Go

On the go: The Pensions Dashboards Programme has issued an invitation to tender for a supplier to provide digital architecture.

Aon criticises USS valuation assumptions as ‘overly prudent’

Financial Times

Aon has criticised the methodology and assumptions underlying the Universities Superannuation Scheme trustee’s response to the USS valuation, accusing it of being overly prudent and failing to properly justify several of its assumptions.

BT, Ford and M&S schemes seek judicial review on RPI changes

News On the Go

On the go: The trustees of BT, Ford and Marks and Spencer pension schemes announced on Friday that they are seeking a judicial review of the decision to replace the retail price index with the consumer price index including housing costs from 2030.  

Calls for government to review minimum pension age hike

News On the Go

On the go: Wealth manager Quilter has called on the government to reverse proposals to raise the normal minimum pension age to 57, saying the move is complex and will do little for people’s retirements.

Independent schools’ TPS phased withdrawal to start in August

News On the Go

On the go: Independent schools will be allowed to gradually phase out their participation in the Teachers’ Pension Scheme, with the new regulations coming into force in August.

Weekly Roundup: Indecent disclosure

Fotoware

This week – TPR unveils its new climate change strategy, UUK’s consultation on the latest USS valuation, more implications of McCloud remedy, and PPF’s plans to raise the fraud compensation levy.

Industrial action threats in response to new USS employer consultation

News On the Go

On the go: The University and College Union has once again hinted that industrial action may be called for after accusing Universities UK of failing to stand up for members.

Opperman warns on pension scams rise in new tax year

News On the Go

On the go: Pensions minister Guy Opperman has warned savers to be vigilant when reviewing their retirement plans to avoid being caught out by pension scammers operating online.