All Law & regulation articles – Page 136
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News
FCA bolsters transfer protections in home-straight to April
The Financial Conduct Authority has tightened rules around advice on transfers out of defined benefit in its third announcement this week, as the April reform deadline approaches.
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News
Pressure for transparency builds as City watchdog loads on demands
The Financial Conduct Authority delivered a defined contribution charges double-whammy this week with the release of its final rules for the default fund charge cap plus a call for evidence on the disclosure of transaction charges.
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News
How the MNRPF ruling affects your scheme-employer balance
Legal experts have said a High Court ruling charts new territory for employer covenant rules and clarifies the position of members with a final salary link, as regulators balance the needs of employers and schemes.
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News
Do regulator and PPF need their heads knocked together over 'last man standing'?
Problems could lie ahead for schemes seeking to qualify as last man standing when completing annual scheme return forms.
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Features
‘State your complaint’. Dealing with unhappy scheme members
Any other business: Fancy a date with the pensions ombudsman? Thought not. Industry experts argue that a solid complaints procedure can save schemes time and money in the long term.
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News
Regulator reassures on DB-DC transfers but capacity crunch predicted
The industry has welcomed the pensions watchdog’s clarification on trustees’ duties around the new flexibilities, but some are concerned scheme administrators will face capacity issues around rising transfer value requests.
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News
Why three in four say they will shun guidance guarantee
Only one in four over-55s intend to use the government’s free retirement guidance service, falling below one in 10 for women approaching retirement, in another sign of the challenge facing the system.
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Opinion
Segars: Keeping up the pressure in Europe has paid off
The last thing I saw before penning this blog was a rather downbeat commentary on Britain’s influence in the European Union.
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News
Schemes win extended reprieve from European OTC clearing rules
The European Commission has recommended schemes be given a two-year reprieve from over-the-counter derivative clearing requirements. But industry experts still expect pension funds to end up paying higher transaction costs.
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News
What the regulator's £8.5m Carrington Wire deal means for your scheme
The Pensions Regulator has settled with two linked Russian companies for £8.5m over their UK pension fund obligations, prompting calls for trustees to re-examine covenant agreements.
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News
DC experts cautious on FCA's 'second line of defence'
Defined contribution experts have cautiously welcomed the Financial Conduct Authority’s intervention on a second line of defence for retiring scheme members, but saw upheaval ahead for trust-based schemes.
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Opinion
Regulator: Scammers continue to evolve, we will too
Talking Head: The Pensions Regulator’s Andrew Warwick-Thompson demonstrates how its Scorpion campaign is remaining nimble to tackle the evolving nature of pension scams.
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Opinion
Class actions are on the rise. Should trustees pick up their cudgels?
Almost from nowhere, pension managers and investment committees are being bombarded with class actions. But how do you manage these, and what are trustees’ duties in these cases?
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News
How bankruptcy orders could drain savers' retirement pots
The April flexibilities could make the retirement savings of those in financial difficulty vulnerable to demands from creditors, with courts set to have their final say on whether a saver’s uncrystallised pot is open to a claim.
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News
How DC savers feel about their retirement options
Most over-55s would prefer a secure guaranteed income for life over all other retirement options, a survey has found, prompting calls for the government’s guidance guarantee to cater to this preference.
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News
Uncertainty on IGC detail as providers get ready for April
Pension scheme providers are gearing up ahead of the April deadline to create independent governance committees, but are eagerly awaiting further details on how the arrangements will be run.
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News
How the staged, opt-in approach to PFM affects your scheme
The government’s plan for a staged, opt-in approach to pensions consolidation has divided the industry, with some calling the proposals pragmatic while others say they weaken a policy that may not survive the general election.
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Opinion
What schemes can learn from this year’s top 5 legal stories
Legal rulings on issues including increased pension loss payouts, clarification on RPI guidance and the introduction of new accounting reporting frameworks have challenged schemes to respond and factor in these changes in the year ahead.
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NewsOmbudsman's RBS ruling builds pressure on scheme comms
Pension schemes have been encouraged to increase the pre-retirement education given to scheme members, after the pensions ombudsman found the RBS Group Pension Fund “failed in [its] duty of care" to one member.
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Features
How schemes could use secondary debt market after Kaupthing ruling
Legal experts have said a High Court ruling allowing schemes to sell section 75 debts – triggered when an employer leaves a pension scheme – could reduce running costs by speeding up the exit of sponsoring employers.