Fifteen years after becoming the Pension Protection Fund’s 37th employee, Sara Protheroe has now been appointed to the lifeboat’s board.
TPR eases reporting and enforcement rules
|
April 9, 2020
On the go: The Pensions Regulator has relaxed its enforcement rules and reporting guidelines for trustees amid the coronavirus crisis.
DB schemes to face major data exercise for dashboards
|
April 9, 2020
New requirements to translate defined benefit pensions into an annual income in today’s terms could mean trustees and administrators face a major data exercise to comply with the pensions dashboards, according to experts.
Three-month DB contribution holiday ‘might not be enough’
|
April 9, 2020
Podcast: Measures introduced by the Pensions Regulator – which allow employers to freeze their defined benefit obligations for three months in response to the economic fallout from coronavirus – might need to be reviewed, warned Emma Watkins, annuities director at Scottish Widows. However, she says the plan gives “breathing space to the most stressed pension schemes”, an opinion shared by Simon Kew, covenant adviser and former manager at the regulator.
FCA delays investment pathways for 6 months
|
April 7, 2020
On the go: The Financial Conduct Authority is delaying the introduction of investment pathways in drawdown for six months, as it cuts non-critical work amid the coronavirus pandemic.
HSBC DC members affected by property fund suspensions
|
April 7, 2020
On the go: Members of the defined contribution section of the HSBC Bank (UK) Pension Scheme have been affected by a’ suspension of several property funds due to the Covid-19 crisis.
Newspaper group asks for deficit deferment
|
April 6, 2020
On the go: Reach, the publisher of the Daily Mirror and Daily Express, has requested discussions with the regulator around a deferment of current deficit recovery contributions.
Debenhams’ trustees working with TPR as retailer eyes administration
|
April 6, 2020
On the go: The trustees of the Debenhams pension schemes are working with the Pensions Regulator and the Pension Protection Fund, as the company filed a notice of intention to appoint an administrator on Monday.
How will DC stand up to Covid-19 pandemic?
|
April 6, 2020
The Covid-19 emergency is taking its toll on the defined contribution savings space, with master trusts reporting small numbers of employers missing contributions and businesses grappling with the pensions implications of furloughing and redundancies.
TPR urges trustees to work flexibly with administrators
|
April 3, 2020
On the go: The Pensions Regulator has updated its Covid-19 guidance for trustees, highlighting that the pandemic “is placing huge pressures on the administration of pension schemes”.