Law & RegulationRSS

TPR conducts internal review after Norton case

News On the Go

On the go: The Pensions Regulator is conducting an internal review to identify if there are lessons to be learnt after the Norton Motorcycles debacle, a case that left members looking to recoup losses in excess of £14m.

Industry leaders’ plea to ministers over FCA advice trap

Leaders of pensions industry representative groups have written a joint complaint to government ministers over new guidance from the Financial Conduct Authority, which they warn could see helpful trustees deemed to be giving regulated financial advice.

Investors urge companies to tackle modern-day slavery in Gulf

News On the Go

On the go: Brunel Pension Partnership is among a group of investors calling on companies to protect migrant workers in the Gulf, over concerns that job cancellations caused by Covid-19 are forcing them into debt bondage.

DB schemes should beware lockdown ‘inertia’

News On the Go

On the go: Three in four defined benefit schemes say they have taken no material action to change their investment strategies or journey plans as a result of Covid-19, but a new report from LCP warns that “inertia” could prove damaging.

Threat of action by TPR settles sponsor dispute

News On the Go

On the go: The Pensions Regulator has settled a case in which a pension scheme was placed at risk by an organisational restructure, with the threat of action being sufficient to force an agreement.

PASA issues updated Covid-19 guidance

News On the Go

On the go: The Pensions Administration Standards Association has issued updated guidance designed to help administrators navigate the gradual end of lockdown.

Govt unable to assess level of opt-outs during Covid

News On the Go

On the go: The government has claimed it is unable to determine whether opt-outs from auto-enrolled pensions have increased since the Covid-19 pandemic, the minister for pensions and financial inclusion has said.

PLSA publishes SIP reporting guidance ‘just in time’

An implementation statements reporting guide from the PLSA aims to "cut through some of the confusion” and help trustees ready themselves for the October deadline.

MPs launch probe into access of pension savings

The work and pensions committee has announced it will focus on scams in the first stage of its three-part inquiry into the impact of pension freedoms and level of protection for pension savers.

Pensions administrator suffers ransomware attack

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Pension companies have been warned to be on their guard against ransomware attacks, after industry insiders confirmed to Pensions Expert that at least one administrator was subjected to a ransomware attack in the past week.