All Law & regulation articles – Page 146
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News
Schemes delay mergers over tax risk concerns
Schemes are thinking twice about undertaking bulk transfers of benefits to avoid the risk of passing on individual tax charges to members as they await final official rules.
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News
Fair deal fog leads to pricing concerns for employers
Private sector employers bidding for central government contracts are facing difficulties building pension strategies into their costs due to uncertainties surrounding contribution rates and exit payments in the new fair deal guidance.
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News
Civil partner rule uncertainty poses questions for trustees
Schemes may want to consider holding off adjusting their spousal benefits, after a tribunal overturned a previous ruling that deemed entitlements should take into account membership pre-dating the Civil Partnership Act 2004.
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News
Deciphering the govt's charges disclosure call
The government has today tabled an amendment to the pensions bill which will call for pension providers to disclose transaction costs of defined contribution schemes.
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NewsBAE shrinks pensioner committee in efficiency bid
BAE Systems is reducing the size of its joint pensioner committee as part of a comprehensive review of the body, as technological advances have made it easier to communicate with members.
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NewsDerivatives regulation leaves schemes liable for manager reporting
News analysis: Trustees could be found liable for their investment managers not reporting derivative trades under extended derivatives regulation, with legal experts recommending reviewing contracts to hard-code duties.
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News
NUJ to appeal ombudsman ruling over BBC pensionable pay cap
The National Union of Journalists will appeal the pensions ombudsman’s determination that the BBC’s pensionable pay cap did not breach its obligations, as more employers look to such tools to derisk schemes.
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News
Essex mulls delaying SME rep election as reform hits
Essex Pension Fund is considering extending the tenure of its smaller-employer representative, allowing time for the government to provide more clarity on local government scheme governance changes.
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News
Ombudsman decision underscores record-keeping risk
Schemes have been urged to record benefit decisions after a determination by the pensions ombudsman found against trustees that had not properly documented a resolution to cease discretionary increases.
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News
FCA review prompts calls for trivial commutation increase
Industry figures have called for an increase to the trivial commutation limit after a Financial Conduct Authority report found small-pot holders were more likely to get a bad annuity deal.
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News
Regulator's DC self-assessment tool gets cautious welcome
Industry figures have welcomed the governance 'nudge' provided by the Pensions Regulator's self-assessment tools, but questioned whether schemes can hold themselves to account.
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News
How the pension fraud action group will tackle scam increase
The Pension Liberation Industry Group will develop a code of practice on pension transfers to protect trustees, as liberation schemes find new ways of targeting members.
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News
How to build the pension income builder
News analysis: Industry experts have been exploring how the government’s preferred risk-sharing scheme design could work in practice, whether through a not-for-profit, mutual or insurance provider set-up.
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News
Schemes called upon to boost comms as tax deadline approaches
Schemes should communicate changes to the annual and lifetime allowance to both active and deferred members to ensure savers do not lose their fixed protection, industry experts have said.
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News
Employers open to risk of reporting errors on contingent assets
News analysis: Employers have been told to approach the use of certain contingent asset funding deals with caution, after the Financial Reporting Council said solvency improvements could be cause for investigation.
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News
Pensions regulatory gap 'unsatisfactory', DWP report says
News analysis: The regulatory gap between pensions and wider financial services needs addressing, a Department for Work and Pensions report has said, but ongoing reform is pushing the issue down the agenda.
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Opinion
Regulator: ‘Balance’ key to our DB approach in 2014
Talking head: Interim chief executive Stephen Soper looks at what the Pensions Regulator has coming this year, including how its revised DB funding strategy will affect employers and schemes.
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News
Schemes told to offer annuity brokerage
News analysis: The shadow pensions minister has urged schemes to take a role in providing annuity brokering advice to ensure greater member purchasing power, but industry figures have raised concerns over how this could be implemented.
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News
Bad data: how to diagnose and fix missing records
Schemes managers and trustees are given a step-by-step guide to making their data regulator-proof by Broadstone’s John Newman, in the latest edition of Technical View.
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News
Managers brace for legal tasks and precedents
2014 preview: The next 12 months should provide extra case law that affects the scheme-employer relationship, further auto-enrolment challenges and preparations for the abolition of contracting-out for defined benefit schemes.