Latest articles from Pensions Expert

Select committee launches inquiry into DB white paper

The Work and Pensions Committee has launched an inquiry into the government's recent white paper on defined benefit security and sustainability, asking how the proposed measures are likely to be most effective and whether legislation should be fast-tracked.

DB deficits slip back up

The UK's aggregate defined benefit deficit increased over March to £115.6bn from £72.1bn on a section 179 basis, according to Pension Protection Fund estimates.

The Weekly Wrap: April 6 edition

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A round-up of the pension news stories published across the FT Group this week, from small businesses seeking help on rising pension costs, to a Kentucky pension reform sparking teachers' protests.

TPR fires warning shot over dividend to DRC balance

Defined benefit trustees and sponsoring employers should act sooner rather than later to secure members' pensions, the Pensions Regulator has said in its latest annual funding statement, and warned against prioritising dividends.

FCA tackles information deficit with new rules and consultation

The Financial Conduct Authority has published new rules on the duties of fund managers and is launching a consultation on proposed rules and guidance for improving fund information for investors.

The People's Pension absorbs Your Workplace Pension

The People's Pension has become the first mastertrust to publicise the acquisition of another mastertrust, as a new regime – under which mastertrusts must be authorised by the Pensions Regulator – is set to lead to further market consolidation this year.

Fast Pensions in provisional liquidation following investigation

Six companies, including Fast Pensions and FP Scheme Trustees, have been placed in provisional liquidation by the High Court following an investigation by the Insolvency Service, the government agency has said.

TPR to prosecute recruitment firm

The Pensions Regulator is to prosecute recruitment company Workchain Ltd and seven of its directors and staff for unauthorised access to a computer programme. They are accused of logging into the company pension scheme using employees' details to opt them out of the scheme.

Ofwat queried on water companies' DB closure plans

Chair of the Work and Pensions Committee Frank Field has written to Ofwat, the utilities regulator, about proposals by United Utilities and Anglian Water to close their defined benefit schemes while continuing to pay out large amounts to shareholders.