All Law & regulation articles
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NewsWhat the Pensions Commission will do – and what it won’t
The government has set out the terms of reference for the Pensions Commission, but also omitted several areas as being “out of scope” – which has led one former pensions minister to warn that the commission has “one arm tied behind its back”.
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NewsTPR outlines ‘new strategy’ for trusteeship standards in corporate plan
Customer service, value for money and improving governance are among the Pensions Regulator’s key priorities for the year ahead as it looks to pave the way for the changes heralded by the Pension Schemes Bill.
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NewsLiz Kendall indicates adequacy review to begin next week
The work and pensions secretary told MPs yesterday that she was “very concerned” about the challenges facing pension savers and that the government would have “more to say” next week before parliament goes to recess.
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NewsRachel Reeves ‘confident’ that investment mandation won’t be necessary
The chancellor addressed the financial services industry at an event in London last night, unveiling plans to encourage individual savers to invest more rather than hold savings in cash.
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NewsRailpen boss hails regulators’ plans to support fintech businesses
The Financial Conduct Authority and Prudential Regulatory Authority are to jointly launch a new unit aimed at supporting small businesses to achieve scale, the government announced yesterday.
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OpinionHow will targeted support shape guidance for pension scheme members?
The Association of British Insurers’ George Ritchie explores the Financial Conduct Authority’s targeted support plans and what they mean for the help trustees can give to their pension scheme’s members.
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NewsTISA urges rethink on chancellor’s pensions inheritance tax move
New research claims that the government could achieve its inheritance tax goals on pensions without burdening grieving families or undermining retirement saving.
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NewsBoE governor warns against mandation as Bell promises ‘opt out’
The governor of the Bank of England has voiced opposition to potential policies to mandate how pension schemes invest – an intervention described as “nuclear” by a former pensions minister.
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NewsAnalysing the Pension Schemes Bill’s £29,000 pot boost target
Government claims reforms will deliver ‘more money in people’s pockets’, but experts say success hinges on execution of value-for-money regime.
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OpinionSPP: How the government’s proposed DB surplus release rules will work
In one of the biggest changes to the rules for defined benefit schemes in years, trustees will soon be allowed to relax rules around releasing surpluses. Bina Mistry of the Society of Pension Professionals explains how this could work.
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NewsFreelancers and creatives left behind as pension gaps widen in growth sectors
Cost and knowledge gaps disenfranchise savers
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OpinionWhat the Pension Schemes Bill means for small businesses
There is a lot to digest from the recent Pension Schemes Bill. Wedlake Bell’s Justin McGilloway breaks down the key considerations and action points for small employers.
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NewsOmbudsman shutters ‘dishonesty’ unit after funding ends
The Pensions Dishonesty Unit directed redress to fraud victims worth more than £40m – but much of this failed to reach the victims due to court appeals and bankruptcies.
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OpinionFiduciary duty: Is it time for legislation?
With the government threatening to mandate private markets investment for DC pension schemes, Andy Lewis and Stuart O’Brien of Sackers argue that trustees’ fiduciary duty deserves a more stable, long-term legal foundation.
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NewsGovernment’s backstop power to force LGPS pool decisions was ‘a surprise’
The government’s potential introduction of a power to force LGPS funds into specific pools took some in the system by surprise, according to one fund’s chief executive.
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NewsTPR chief calls for industry to address ‘unfinished business’ on pension reform
The regulator has called for everyone in the pensions sector to think about “their own role in making [industry] reforms a success”, in the wake of the publication of the Pension Schemes Bill.
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OpinionThe Friday Takeaway: Reviews, roadmaps, deadlines and bills
The government’s reform agenda will take a long time to implement, as it set out this week. But for some - most notably the LGPS - the timeframes are not so long, as Pensions Expert’s editor Nick Reeve points out.
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NewsRegulator outlines five key traits for successful trustees
In light of the Pension Schemes Bill, the Pensions Regulator has emphasised the need for trustees and the rest of the industry to “adapt and evolve” to better serve members and savers.
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FeaturesThe devil in the detail: What is the government’s investment backstop power?
The government has included a controversial ‘backstop’ power in the Pension Schemes Bill to allow it to mandate specific asset allocations - but the pensions minister is adamant that there is no intention to use it.
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NewsRelief for DB schemes as government pledges action on section 37 issues
The DWP has said the government will legislate to address the issues posed by the Virgin Media-NTL case and allow for retrospective actuarial approval to be given to historic amendments.