Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.
Law & Regulation
Lib Dems in NHS pensions pledge
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November 20, 2019
On the go: The Liberal Democrats have pledged to find a solution for the pensions crisis driving senior NHS staff to turn down extra work, but stopped short of any commitment to end the annual allowance taper.
Govt solution for doctors’ tax bill met with criticism
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November 19, 2019
The government will introduce an emergency measure to pay the tax bills of doctors and consultants in England affected by the tapered annual allowance, but the move has been criticised by experts.
Greens manifesto to force fossil fuel divestment for public schemes
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November 19, 2019
On the go: Public sector pension funds would be required to divest from fossil fuel-related companies under a government led by the Green Party, which has released a manifesto packed with controversial pension reforms.
More action needed to help self-employed women
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November 19, 2019
Analysis: Reform should be pushed up the agenda to support self-employed women and reduce the biggest challenges of the gender gap, experts say.
Regulator updates pension transfer guidance for trustees
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November 18, 2019
On the go: Defined benefit trustees will need to contact financial advice firms to check if the adviser listed on members’ transfer documents is employed with them, new guidance from the Pensions Regulator stipulates.
Nursery director admits to avoiding paying pensions to staff
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November 14, 2019
On the go: A pre-school nursery and its main director have pleaded guilty in court to attempting to avoid providing their staff with a workplace pension.
High Court tells ombudsman to reconsider pension case
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November 14, 2019
A dispute over whether a university employee was entitled to her full pension has been sent back to the Pensions Ombudsman after the High Court disagreed with the initial decision.
Court approves BA trustees' pension increase settlement
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November 13, 2019
On the go: Trustees of British Airways’ defined benefit schemes have had a settlement allowing them to pay discretionary increases approved by the High Court.
Scheme goes to court to avoid £10m rules drafting mistake
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November 12, 2019
An orthotics and prosthetics manufacturer has been forced to go to court to amend a word in pension scheme rules drafted 20 years ago, which if left unchanged would have cost the plan £10m.