All Law & regulation articles – Page 132
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NewsIndustry poised for pensions surprises in emergency Budget
Analysis: Industry experts anticipate further changes to pensions in the emergency Budget and have expressed concerns over the longer-term impact on the UK’s retirement savings culture.
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News
Regulator fleshes out compliance approach to public sector
The Pensions Regulator has released details of its compliance and enforcement policy for public service schemes, after taking on oversight of more than 200 plans from April.
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Features
Should pro trustees on scheme boards be mandatory?
Any Other Business: The Institutions for Occupational Retirement Provisions II directive is set to be implemented across UK occupational schemes by the end of 2016, but what might the final version bring for trustee boards?
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Regulator issues third contribution notice for CWL fund
The Pensions Regulator has issued a contribution notice to an individual in relation to the Carrington Wire pension scheme, but experts warn the amounts recouped will not match the benefits previously promised to members.
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OpinionHow seriously is your scheme taking a possible Brexit?
Any Other Business: The Bank of England last week came under scrutiny after details were leaked of a secret study on the financial impact of a decision to leave the European Union.
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News
Is 55 too young to cash in a DC pension?
The age at which members can access their pension pots should be increased, according to a white paper, but some experts say those in ill health should not be held back from drawing their cash.
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Solvency scrutiny rumbles on in Europe with stress-testing
The resilience of UK pension schemes will be put to the test over coming months as the European pensions authority pursues its solvency and disclosure programme, though some have questioned who will bear the costs.
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NewsAs the result shock fades, attention turns to next pensions minister
General election 2015: The Conservatives’ election triumph on Friday, alongside a near whitewash by the Scottish National party north of the border, has raised several questions about how the fallout will affect pensions.
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NewsOlympic Airlines judgment prompts calls for slack in PPF rules
The Supreme Court this week ruled against trustees of the Olympic Airlines SA Pension Scheme’s claim for greater Pension Protection Fund compensation, but lawyers are calling for a loosening of insolvency criteria for entry into the lifeboat.
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News
Shifting sands for tax rules bring threat of mid to high-earner exodus
Analysis: The double hit of a reduced lifetime allowance alongside proposed changes to tax relief could accelerate the move of higher earners, and some middle earners, towards alternative savings vehicles, experts predict.
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News
LGPS funds feel the pressure as local pension boards get off the ground
Public sector pension funds are under pressure to compile their pension boards ahead of the August 1 deadline, but some report being “stretched” by the wait for guidance on the reform.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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News
NAPF seeks certainty over non-default fund switching rules
The National Association of Pension Funds has written to the government to demand clarification on the movement of non-default members between funds, to ease trustee uncertainty around charge cap regulations.
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News
Schemes risk regulatory intervention as AE non-compliance to rise
Compliance notices issued to auto-enrolling schemes will rise, the Pensions Regulator has said, as the watchdog detailed its new three-year strategy within a revised lower budget.
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Features
Are your data handling processes compliant?
Any other business: Hillary Clinton found herself in hot water recently over use of a private email account during her tenure as US secretary of state. The breach of White House data protocols ignited criticism.
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News
Code raises scheme defences against pension scammers
A code of practice to help schemes battle pension scams has been welcomed by the industry, but experts remain divided over the legal burden faced by trustees processing transfer requests.
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News
Lifetime allowance cut a blow for DC savers
Budget 2015: The reduction of the lifetime allowance to £1m will hit defined contribution savers hardest say experts, who anticipate a rise in members exiting pension saving.
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NewsHow the 2015 Budget affects your scheme
Chancellor George Osborne’s ‘cost-neutral’ Budget announcement today still managed to herald further changes to the pensions landscape, including plans for a secondary annuities market and a hefty 20 per cent cut to the lifetime allowance.
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Opinion
How to reconcile multiple appointments on governance boards
Any other business: In three weeks, the requirement for pension providers to form independent governance committees to monitor the effective running of contract-based schemes will come into force.
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News
FCA chief: everybody has a role to play in achieving good outcomes
NAPF Investment Conference 2015: The chief executive of the Financial Conduct Authority has warned about the importance of delivering the pensions reforms to overcome “one of the defining challenges of our age”.