All Law & regulation articles – Page 107
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Accounts manager admits workplace pensions cover-up
On the go: A Bradford-based accounts manager lied to investigators to try to hide the fact that restaurants had not given their employees workplace pensions.
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Select committee launches inquiry into contingent charging
On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.
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Master trusts slow to seek authorisation from TPR
On the go: Master trusts continue to be tardy in applying for authorisation from the Pensions Regulator, with the watchdog revealing that it has only received six applications for authorisation as at December 31 2018.
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144% rise in number of businesses fined for auto-enrolment errors
On the go: The number of businesses fined by the Pensions Regulator for auto-enrolment errors has climbed 144 per cent to 35,810 in 2017-18 from 14,650 in 2016-17, according to recent analysis by commercial law firm EMW.
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PPF starts payments following ECJ ruling
On the go: The Pension Protection Fund has begun to top up the compensation of members receiving less than 50 per cent of their original pension promise, following a landmark ruling by the Court of Justice of the European Union.
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Govt discriminated against younger judges and firefighters, court finds
The government has suffered another legal defeat over its handling of changes to pension provision for judges and firefighters, with a court maintaining that it discriminated against younger members and indirectly against ethnic minorities and women.
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Pensions cold-calling bill passes through Parliament
On the go: Pensions cold-calling will finally be banned from January, after a string of delays in legislating against what has been a scourge of UK savers.
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Uber loses appeal over driver employment rights
On the go: Judges have dismissed an appeal against a ruling that Uber’s drivers should be treated as workers rather than as self-employed.
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Bradford accounts manager accused of workplace pension cover-up
On the go: The Pensions Regulator has bared its teeth against a Bradford-based accounts manager who allegedly covered up a failure to provide workplace pensions at a string of restaurants.
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Kingman: FRC should be replaced with new independent regulator
On the go: The Financial Reporting Council should be replaced as soon as possible with a new independent regulator with clear statutory powers and objectives, an independent review of the council has recommended.
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Savers unfazed by AE contribution rises
Auto-enrolment savers have proved indifferent to a rise in their contribution rates imposed earlier this year, according to research, but the government remains unconvinced by the case for using inertia to tackle low self-employed saving rates.
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TPR investigates suspected £18m pension fraud
On the go: Six people have been interviewed by Essex Police under caution in connection with a suspected pension fraud as part of a criminal investigation by the Pensions Regulator.
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Regulator appoints Charles Counsell as new chief executive
On the go: The Pensions Regulator has announced the appointment of Charles Counsell as its new chief executive.
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Chappell fined more than £124k for failing to reveal info about BHS sale
On the go: Dominic Chappell, the director and majority shareholder of the company that bought BHS for £1, has been ordered to pay more than £124,000 for failing to hand over information to the Pensions Regulator.
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Falling healthy life expectancy for women pours fuel on SPA debate
On the go: Latest data on healthy life expectancy, published by the Office for National Statistics, have poured fuel on an already blazing debate about the recently increased age at which women can access their state pension.
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TPR warns trustees to check scheme status or fall foul of the law
On the go: Trustees of some pension schemes may be in the dark over their status, potentially leading them to fall foul of master trust legislation that could close their scheme.
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Pensions 'silver lining' in Scottish Budget
On the go: While the recent Scottish Budget means that many people north of the border will be paying substantially more income tax than someone on equal earnings in the rest of the UK, there is a pensions tax relief 'silver lining'.
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FCA examines barriers to investing in patient capital
Experts have welcomed a recently published Financial Conduct Authority consultation, which seeks to address barriers the watchdog's rules may present to investment in patient capital, but concerns remain over the suitability of this type of investment for defined contribution schemes.
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CMA upholds competition judgment on consultants and fid mans
On the go: The Competition and Markets Authority has published its final report into investment consultancy and fiduciary management, maintaining its finding of an adverse effect on competition in both sectors.
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UK pension deficit could increase by £219bn in a hard Brexit
On the go: A no-deal Brexit could see the aggregate buyout deficit of UK pension funds rise by as much as £219bn (37 per cent), according to Cardano.