All Law & regulation articles – Page 107
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News
Master trust members unfazed by AE increases
Savers auto-enrolled into a pension scheme are not dropping out of their plan any faster when nudged toward saving more money each month, according to the Pensions and Lifetime Savings Association.
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News
PPF to top up pensions to 50% ahead of legislation
On the go: The Pension Protection Fund is to begin topping up the benefits of members whose compensation has fallen below half of their original entitlement “as quickly as possible”, after a European court found its current payment structure unlawful.
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News
How open banking can help pensions
The pensions industry is on the cusp of its own 'open banking'-style revolution in the way that consumers interact with their finances and manage their pensions, according to experts.
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News
Fined Salvus trustees left £1.4m uninvested for 3 years
Four trustees of the Salvus Master Trust have been fined by the Pensions Regulator after they failed to invest £1.4m of member contributions over three years.
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News
62% of schemes and sponsors say CMA could go further
Sixty-two per cent of trustees and employers believe the Competition and Markets Authority has not gone far enough in its recommendations for the investment consulting and fiduciary management market, according to an XPS Pensions survey.
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News
Civil partner LGPS survivor benefits set to match widows
Survivors of same-sex civil partnerships and same-sex marriage will receive the same survivor benefits as those provided to widows under new proposals for the Local Government Pension Scheme.
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NewsFCA to carry out further research on contingent charging
The Financial Conduct Authority has said it needs to carry out more analysis on whether to ban contingent charging, recognising that charging for advice only when a member decides to transfer does not in itself drive poor outcomes for consumers.
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Features
Master trust authorisation: How important is timing?
Analysis: From this month, master trusts have until April 2019 to apply to the Pensions Regulator for authorisation. What has the watchdog’s feedback shown us so far, and how will timing of applications come into play?
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News
LGPS pools see opportunity in housebuilding push
Chairs of Local Government Pension Scheme asset pools have stated their willingness to provide capital for housebuilding in the UK, but insisted any real estate investments will be viewed through a financial, rather than a political, lens.
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News
ESG confusion hindering smaller schemes
Smaller pension schemes lack the governance, investment choice and concrete understanding required to properly engage with environmental, social and governance factors, according to the Pensions Policy Institute.
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Features
How should scheme liabilities be measured?
Analysis: The industry is unlikely to ever reach a consensus over the methods of scheme liability valuation, judging by the lively debate surrounding the subject.
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News
Four bosses banned for bad transfer advice
On the go: The Insolvency Service has handed lengthy bans to four company managers for a range of offences in relation to bad pension transfer advice.
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News
Transaction costs make up quarter of management fees
Some of the largest pension funds in the world are paying an average of 86.3 basis points in total annual investment costs, with 24 per cent of these fees made up of transaction costs, according to new research.
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News
TPR fines more than treble in a year
On the go: The value of fines issued by the Pensions Regulator has shot up to £42m in the year to March 31 2018, compared to the £12.6m of fines handed down over the previous 12 months.
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News
Handful of schemes in advanced talks with Pension SuperFund
The Pension Superfund has engaged in serious dialogue with approximately a dozen pension schemes with a view to them transferring into the defined benefit consolidator, according to its new chief executive.
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News
Field asks TPR to learn lessons as Kodak zombie set to enter PPF
The chair of the Work and Pensions Committee has written to the Pensions Regulator asking it to reflect on lessons it should have learned from its handling of the Kodak Pension Plan, which this week announced it faced Pension Protection Fund entry.
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Features
Should LGPS funds separate from host authorities to avoid conflicts?
The relationship between local government pension schemes and their host authorities has the potential to create conflicts of interest for those charged with managing both a council’s finances and the fate of its pension fund, experts say.
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News
TPR to introduce one-to-one supervision for 25 biggest schemes
On the go: The Pensions Regulator has introduced a new supervision regime, which includes one-to-one supervision of 25 of the largest schemes in the UK, and will aim to monitor all schemes more closely.
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News
DC value: Small schemes falling short of standards
On the go: Small defined contribution schemes are not meeting the Pensions Regulator’s expectations when it comes to demonstrating value for members, according to its latest research.
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News
Willetts: Tax pensioners more to stem potential opt-out rise
National insurance contributions from pensioners’ income could be used to stem opt-outs resulting from increased contributions under auto-enrolment, an influential Conservative peer has suggested.