All Law & regulation articles – Page 12
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NewsGovernment dodges PAC demands claiming they are 'policy matters'
The government has rejected recommendations made by Parliament’s Public Accounts Committee (PAC) that it should review the indexation of the Pension Protection Fund (PPF) and initiate an independent review of AEAT members’ complaints.
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NewsAPPT: Trustee accreditation scheme 'fit for purpose'
In its report the Association of Profession Pension Trustees (APPT) said its accreditation scheme was pitched at an appropriate level and fit for purpose if accreditation was made mandatory.
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NewsPPF 7800 Index: Inflation 'dip' and equity rally helps to boost pension surplus by £9.1bn
The aggregate surplus of the 5,131 schemes in the Pension Protection Fund 7800 Index increased to £446bn at the end of July 2023, compared to £437bn the previous month.
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NewsRoyal London: Pensions new business helps profits rise 16 per cent
Growth in workplace pensions new business contributions and increased expected returns on its assets helped Royal London's operating profit before tax rise 16 per cent to £127m year on year during the first half of 2023.
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NewsDWP and state pension: Contracted-out members reminded of inflation timebomb
Savers who contracted out of the state pension are being warned that the guaranteed part of their pot, may not keep up with inflation.
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NewsHigh Court supports trustee's petition to wind up Biwater scheme sponsors
The High Court has supported the decision by the trustee of the Biwater Retirement and Security Scheme to petition to wind up the scheme’s sponsoring employers.
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NewsBank of England raises rates to 5.25%
Bank of England raises rates to 5.25 per cent, as economists predict ‘at least’ another two more rate rises this year.
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NewsRailpen awards £2bn credit mandate to Neuberger Berman
Railpen, one of the largest pension funds in the UK, has awarded a £2bn mandate to manage a liquid multi-asset credit strategy to Neuberger Berman, a private, independent, and employee-owned investment manager.
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NewsPensions: How trustees can take pride in a diverse industry
As The Pensions Regulator’s home city gears up for UK’s biggest LGBTQ festival, its director of regulatory policy, analysis and advice, explains how trustees can take immediate action to help ensure workplace pensions work for all savers.
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NewsWhat does High Court ruling mean for the BBC and other DB pension schemes?
The High Court has quashed an attempt by the BBC to limit the costs of its future DB obligations, we look at what the ruling means.
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NewsConsumer duty: FCA's overhaul will force financial services companies to 'up their game'
The Financial Conduct Authority (FCA) has introduced new rules which aim to crack down on poor customer service, offer better value for money and protect vulnerable customers.
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NewsConsumer duty: Stricter regulation needed for members caught up in record insurance buyout activity
The introduction of the Financial Conduct Authority (FCA)’s new consumer duty will be particularly welcome to trustees of defined benefit (DB) pension schemes who are entering into bulk annuity insurance transactions.
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NewsTPR: Upper Tribunal upholds £1.87m Meghraj pension ruling
Following the Upper Tribunal's decision, Anant Shah, the former owner of the scheme’s employer, will be required to pay £1,875,403 into the Meghraj Group Pension Scheme.
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NewsDelays cause consumers to wait 'far too long' for pension transfers
Consumers are waiting on average almost one month (29 days) for companies to transfer their pension funds to a new provider, according to new data released this morning by retirement adviser My Pension Expert.
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NewsMaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.
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NewsPensions transfer scams on the increase
The number of people being approached unsolicited about transferring their pension increased in the second quarter of the year by five per cent, according to helpandadvice.co.uk.
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NewsConsumer duty: Advisers warn of fee increase
Almost a third of financial advisers expect their customer fees to increase as a result of the Financial Conduct Authority’s (FCA) consumer duty.
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NewsACA: HMRC must give greater clarity to avoid "pensions limbo" for DB schemes and members
The pensions industry requires greater clarity from government departments, if defined benefit (DB) schemes and members are not to find themselves in a “tax limbo”, warned the Association of Consulting Actuaries (ACA) this morning.