All Law & regulation articles – Page 12
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NewsHow can trustees work towards more diverse boards?
In the FCA and PRA’s diversity consultation papers, socio-economic status is outlined as voluntary. However, with the complex make up of trustee boards and the knotty structure of independent trustees, building progress on socio-economic status needs to start now.
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NewsThe industry’s wishlist for the autumn statement
Pensions didn’t feature in the King’s Speech – what would the industry like from the autumn statement?
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NewsTPR prosecutes owner of Norton Motorcycles
Dalriada pursues compensation for 255 members who transferred from other pension schemes
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NewsPensions admin under the regulatory spotlight
The Pensions Regulator may soon turn its focus to administrators
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NewsFill out PASA’s Digital Admin survey
Help PASA understand how schemes are navigating pensions administration in the digital age
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NewsKPMG faces record fine over Carillion
The FRC originally imposed a £30m penalty but this was reduced by 30% following KPMG’s co-operation.
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NewsLifetime allowance: Confusion and a 'cruel twist' follow its abolition
HMRC pensions data showed pension withdrawals have risen 67 per cent since 2020 as 'cruel twist' shows soaring lifetime allowance and annual allowance charges in 2022.
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NewsEvery pension scheme should have at least one accredited trustee on its board
The Association of Member Nominated Trustees (AMNT) said the accredited trustee on the board can either be lay or professional, and that pension schemes and scheme sponsors should encourage and pay for all trustees' training and accreditation.
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NewsBank of England holds base rate at 5.25 per cent
The financial services industry has welcomed the UK central bank's decision to keep the base rate on hold at 5.25 per cent.
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OpinionWhat have we learnt about data requirements for GMP conversion?
When the Lloyds judgment on equalisation of GMP was reached in October 2018, many schemes were initially drawn to GMP conversion.
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NewsTPR: Why pension administrators are in the regulator’s sight
Policy initiatives including pensions dashboards and value for money, as well as challenges including Covid and cyber leaks, have prompted The Pensions Regulator to change its approach to the regulation of administrators.
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NewsFuture of state pension triple lock guarantee is 'turning into a game of pensions poker’
The future of the triple lock has been plunged into further doubt after Labour’s Angela Rayner refused to be drawn on her party's commitment to keeping it.
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NewsAt least 50 per cent of schemes have a professional trustee
Half of UK pension schemes now have a professional trustee, while a third have a sole trustee, according to consultancy LCP.
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NewsPension scams cost victims more than £26m - PMI
A freedom of information (FOI) request has revealed that 1,595 pension scams were reported between 2020 and 2022.
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NewsPensions industry urges for levy change as PPF halves 2024/25 estimate to £100m
The Pension Protection Fund (PPF) said it had been able to reduce the levy from an original estimate of £200m to £100m in the financial year 2024/25, but industry watchers are urging for a change in the law to allow the amount to reflect improved scheme funding.
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NewsState pension triple lock could cost up to £45bn a year by 2050
As the Office for National Statistics prepares to release its estimate for average earnings growth, the Institute of Fiscal Studies (IFS) issues a warning over the cost of the triple lock to taxpayers.
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NewsPensions, savings and inflation expected to be addressed in Chancellor's Autumn Statement
The government has confirmed this year’s Autumn Statement will take place on 22 November, and has pledged to halve inflation by the end of the year.
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NewsDWP’s DC retirement income consultation receives thumbs up from industry
There has been broad support for theDWP’s consultation on defined contribution (DC), or the so-called Mansion House reforms, particularly in relation to how savers access income in retirement.