All Law & regulation articles – Page 2
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NewsPensions UK sets out model for small pots consolidation
A new report recommends a “federated” system for consolidating deferred auto-enrolment pots of less than £1,000, using existing technologies and processes where possible.
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NewsCould a funded state pension ‘megafund’ help boost UK growth?
A new report from think tank The Purposeful Company calls for the creation of a £100bn funded state pension to solve affordability issues and back UK businesses.
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NewsSchemes told to tighten defences as pension fraud losses hit £17.6m
UK savers lost £17.6m to pension fraud in 2024, according to Action Fraud, as the Pensions Regulator warns trustees and administrators to ensure they do as much as possible to combat scams and support members.
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NewsBigger and better schemes will help fill in ‘pension potholes’, says Bell
Pension scheme consolidation is helping improve outcomes for UK savers, but more work needs to be done to stop a generation of pensioners slipping into poverty, the pensions minister has said.
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NewsSPP pushes for bill amendment to scrap PPF admin levy
Liberal Democrat MPs Steve Darling and John Milne have tabled the amendment to the Pension Schemes Bill, aimed at ensuring the PPF can pay costs from its existing reserves rather than charging defined benefit pension schemes.
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OpinionFederation of Small Businesses: Time to address high costs and low transparency in pensions
In the latest instalment of Pensions Expert’ s ‘Dear Pensions Commission’ series, the Federation of Small Businesses’ Tina McKenzie summarises new research revealing the difficulties faced by small employers.
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NewsNext ‘value for money’ consultation to come later this year, FCA says
The Financial Conduct Authority, the Pensions Regulator, and the Department for Work and Pensions are planning a further consultation on the Value for Money framework later this year.
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OpinionMargaret Snowdon: A once-in-a-generation opportunity to reshape retirement saving
In the third instalment of Pensions Expert’s ‘Dear Pension Commission’ series, Retirement Income Taskforce chair Margaret Snowdon outlines her ideas for changing the state pension, auto-enrolment, and contribution rates to better serve more people.
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NewsMcFadden replaces Kendall as work and pensions secretary in reshuffle
Pat McFadden has been appointed as the new work and pensions secretary in the cabinet reshuffle that followed the resignation of Angela Rayner.
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OpinionThe Friday Takeaway: The Hitchhiker’s Guide to the Pension Schemes Bill
Don’t panic about the nearly 300 amendments to the Pension Schemes Bill, writes Pensions Expert editor Nick Reeve.
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NewsPre-Budget rumours spark record lump sum withdrawals, data shows
UK pension savers withdrew a record £10.4bn from their pensions using their tax-free cash allowance in the six months to the end of March, according to Financial Conduct Authority data.
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In DepthAmendment Watch: What changes are being proposed to the Pension Schemes Bill?
More than 270 amendments to the Pension Schemes Bill have been put forward for consideration by the parliamentary committee scrutinising the draft legislation. Pensions Expert looks at some of the most significant proposals.
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NewsBell fights back as pensions industry unites against investment mandation
Pensions minister Torsten Bell has argued that the proposed reserve power to mandate investments, contained in the Pension Schemes Bill, is necessary because of a “collective action problem” across the industry.
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NewsGovernment seeks to mitigate Virgin Media issue with Pension Schemes Bill amendments
Trade bodies, including the representative groups for actuaries and pension lawyers, have been lobbying the Department for Work and Pensions for months in relation to the issue, which relates to the interpretation of section 37 of the Pension Schemes Act 1993.
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NewsLib Dems table ‘universal advice’ amendment to Pension Schemes Bill
Liberal Democrat and Plaid Cymru MPs have tabled several major amendments to the Pension Schemes Bill as a parliamentary committee prepares to scrutinise the proposed legislation.
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OpinionThe Friday Takeaway: All eyes on parliament
The Pension Schemes Bill will be scrutinised by a committee of MPs next week, and there’s the prospect of another pensions-related bill on the horizon too, if the regulator gets its way.
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NewsMore clarity needed on targeted support proposals, industry tells FCA
The Association of Professional Pension Trustees, the Society of Pension Professionals, and the Association of British Insurers have all called for changes to the regulator’s proposals for targeted support.
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NewsTPR eyes more governance powers with Pension Reform Bill plan
The Pensions Regulator is seeking statutory powers through a new ‘Pension Reform Bill’ in relation to its oversight of administrators and professional trustees.
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NewsPensions UK to lobby for changes to mandation rules in Pension Schemes Bill
The retirement industry trade body is to step up lobbying against investment mandation when the Pension Schemes Bill returns to parliament next week.
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NewsRetailer escapes regulatory intervention with ‘proactive’ action on PPF-bound scheme
The owner of the Edinburgh Woollen Mill chain collaborated with trustees and the regulator to secure a £7m cash injection and lift the scheme out of the PPF’s assessment process.