All Law & regulation articles – Page 121
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News
Government reaffirms commitment to cold-calling ban
The government has announced that it will introduce its long-promised ban on pensions cold calling “when parliamentary time allows”, putting to bed concerns that a second consultation would further delay the legislation.
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TPR naming and shaming aims to boost trusteeship
The Pensions Regulator has reaffirmed its commitment to improving standards of trusteeship, with a series of policies that place a particular focus on the role of professional and independent board members.
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NewstPR greenlights British Steel RAA
The Pensions Regulator has granted initial approval for the restructuring of the British Steel Pension Scheme, which will see members offered revised benefits at a level above those provided by the Pension Protection Fund.
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Calls for action on complexity at heart of DB transfer delays
Increased demand for defined benefit pension transfers, lack of transfer experience among independent financial advisers and complexity of DB pensions is adding to transfer delays by putting strain on administrator resources, recent research has shown.
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Experts fear further delays to cold-calling ban
As the industry awaits the government response to its consultation on a pensions cold-calling plan, there are increased concerns over further delays to protecting the public from scammers.
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NewsCourt backs IBM in DB closure dispute
Technology giant IBM’s decision to close its UK defined benefit schemes has been ruled lawful by the Court of Appeal, in the culmination of an eight-year battle over the sponsor’s discretionary powers.
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NewsBBC pensions cap ruling offers reassurance to DB employers
A Court of Appeal judgment safeguarding the BBC's right to cap increases to pensionable salary has reassured employers that they can take reasonable steps to address their defined benefit deficits, according to pensions lawyers.
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More people accessing freedoms, but industry image concerns remain
The number of people taking advantage of pension freedoms increased in the second quarter of this year, but while this signals an increased awareness of freedom and choice, experts say there is still a need to improve trust in the industry.
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NewsCMA referral still likely for advisory firms as FCA consultation closes
Apathy from the investment consulting industry to pro-competition measures suggested by the ‘big three’ firms is set to pave the way for a referral of the industry to the Competition and Markets Authority.
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News#AskTPR — Your questions for the regulator answered
The Pensions Regulator has updated its approach to regulation and the use of its powers in the face of an ever-changing retirement savings landscape — and it is ready to answer your questions.
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News
Government follows Cridland on state pension age
The government has announced its intentions to implement the recommendations of the Cridland report, bringing the state pension age from 67 to 68 seven years ahead of schedule.
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OpinionShould s67 be repealed?
Ian Neale from policy specialists Aries Insight looks at the recent debate around indexation, revaluation and section 67.
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News
DB white paper will be published in winter
The Department for Work and Pensions will consider giving further “proactive” powers to the Pensions Regulator and examine the case for consolidation, in a long-awaited white paper on defined benefit to be published in the winter.
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NewsPension law slowly catches up with society on equal rights
The Supreme Court has overruled the Equalities Act 2010 in Walker v Innospec, meaning pension schemes can no longer refuse pensions to same-sex spouses for pre-2005 service, but has stopped short of giving equal pension rights to a part-time worker.
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News
FCA cites ways to crank up consumer protection amid competition concerns
The rising number of consumers who buy drawdown without advice has given prominence to the need for greater support and protection, says the Financial Conduct Authority.
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OpinionTPR: Taking a proactive approach
The Pensions Regulator’s Nicola Parish looks at recent high-profile cases and what the regulator will do differently in future.
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News
Locum GPs call for pensions admin overhaul
Locum GPs are calling for an overhaul of their pensions administration as sporadic correspondence and scant communication cause confusion.
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News
Taylor review urges action on increasing AE coverage
The Matthew Taylor Review of Modern Working Practices highlights ways in which self-employed people could be helped to save for retirement, but questions remain.
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OpinionSleeping on the job – a hazard for trustees
From the blog: The long-running dispute involving the Coats Group defined benefit schemes finally came to a conclusion last month: the Pensions Regulator’s anti-avoidance investigation into Coats resulted in a £74m settlement for the third and final DB scheme under investigation.
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News
Cridland: Longevity as big an issue as climate change
Savers need to be more aware of the consequences of an ageing population on retirement saving, with providers, regulators and employers all having a part to play in improving engagement, say experts.