All Law & regulation articles – Page 135
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OpinionIntegrated risk management: Seeing the bigger picture
What if I told you that a diagram from the Pensions Regulator is an example of the artistic technique of stippling – where individual dots of paint are used to build up a picture? The approach illustrated is essentially a framework on which to hang actuarial funding risk, investment risk and those risks relating to the strength of the sponsor’s business: their own investments, the market in which they operate and their continuing ability to support the pension scheme.
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News
Member-borne commission ban could move costs elsewhere
The Department for Work and Pensions has launched a consultation on draft regulations for banning member-borne commission in auto-enrolment schemes, but experts said costs would still need to be shouldered elsewhere.
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NewsEiopa stress tests stoke fears of holistic balance sheet return
Low rates and falling asset prices have hit pension schemes hard, the first stress test by the European Insurance and Occupational Pensions Authority has shown, and experts warn the holistic balance sheet could still rear its head.
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News
Enquiries spike ahead of lifetime allowance change
As the deadline for members to take action looms, more savers are realising they might be affected by the planned reduction to the lifetime allowance, leading to a spike in customer enquiries at provider Fidelity.
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FeaturesPanning for gold in an age of information
Any Other Business: The mounting complexity of pension trusteeship has been met by a surge of information and intelligence sources. But how can trustees be successful prospectors as they mine the industry for useful nuggets?
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News
Cross-border plans could be greater lure for employers under IORP
Analysis: The burden on cross-border pension schemes to be fully funded at all times could be lifted as the Institutions for Occupational Retirement Provision II directive moves nearer its final version.
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News
Intergenerational fairness debate heats up as inquiry is launched
Analysis: An inquiry into intergenerational fairness, aiming to bring more clarity to the often heated debate about who gets what from the state and employers, has been welcomed by experts.
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NewsRegulator’s approach withstands first AE judicial review
A High Court ruling has approved the Pension Regulator’s approach to itinerant employees working overseas, providing the industry with clarification on a “grey area” of auto-enrolment legislation.
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NewsSiemens issues resolution to prevent trapped surplus
Siemens, one of the world's largest electrical companies, is allowing its defined benefit scheme to make payments to the sponsoring employer, as schemes scramble to maintain their ability to prevent trapped surplus.
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NewsA lot to get to grips with: the legal and regulatory outlook for 2016
Legal and regulatory change was abundant last year and 2016 looks like it will continue in the same vein, as both the UK and Europe are churning out legislation and rules affecting occupational pension schemes.
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News
GMP reconciliation: Digging up the bodies
With the arrival of the new state pension and the end of contracting out, schemes have until 2018 to clean up their act on guaranteed minimum pensions data, but they need to get in the queue by April.
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NewsSecondary annuities: Govt starts putting down advice parameters
Many pensioners hoping to sell their annuities on the open market will be required to seek financial advice before doing so, the government has announced, as the industry awaits further detail on the structure of the secondary annuity market.
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News
Voluntary saving is vital to avert poor pension outcomes
Data Analysis: Auto-enrolment and voluntary pension saving are critical to ensure good outcomes for UK retirees, a report looking at international replacement rates has this week has warned.
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NewsAutumn Statement gives pensions industry a breather
The pensions industry has learned to brace itself for surprise over the last couple of years, so was relieved to escape relatively unscathed in Wednesday’s Autumn Statement.
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News
Tough timescales for asset pooling put LGPS on the spot
The government’s much-anticipated criteria for the reform of Local Government Pension Scheme investment contains few surprises, but industry experts have raised concerns over the tight timescales for funds to prepare and implement complex proposals.
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OpinionAutumn Statement uncharacteristically quiet(ish)
From the blog: Once again the pensions industry pleaded with the chancellor to hold off on any further profound changes, only this time it looks like it got its wish… sort of.
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News
Shared pain, shared gain: Will risk-sharing get its day in the sun?
News Analysis: Collective defined contribution schemes have been put on ice by the pensions minister though the idea could come back on the agenda in the future. But are UK employers ready for risk-sharing?
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News
Northumbria Police pays out £250k to compensate pension loss
Trustees should keep their distance from members' employer disputes, lawyers have said, after Northumbria Police was required to pay out more than £250,000 for discrimination and pension loss, but others argue open communication is critical.
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News
How to engage your scheme with the press (or not)
Any Other Business: The pensions industry is very well served by the trade press and even national papers. But for schemes, talking to the press can be a daunting prospect, so when is best to do it and how can mistakes be avoided in the process?
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News
Do trust and contract-based plans require separate regulation?
Analysis: Defined contribution schemes are regulated by two separate bodies, each of which works better in certain scenarios, a Pensions Policy Institute report has found. But the debate continues on whether a single watchdog would improve the current regime.