All Law & regulation articles – Page 21
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NewsBank of England raises interest rates to 4.25%
The Bank of England has raised the base rate of interest, despite concerns over the impact this will have on the banking sector.
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NewsUse dashboards delay to achieve ‘dramatic improvements’ in data
Pensions schemes that apply data matching techniques could see “dramatic improvements in the quality of their member data”, and should use the dashboards programme delay to get their data “dashboard ready”, according to new research sponsored by LCP.
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NewsGovt delays plans to raise state pension age to 68
Ministers have delayed plans to raise the state pension age to 68 amid falling life expectancy in the UK, according to reports.
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NewsMPs to examine future of DB pension schemes
The Work and Pensions Committee has launched an inquiry that will review defined benefit pension schemes and the challenges they pose to members, trustees, employers and the Pensions Regulator.
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NewsBudget 2023: Chancellor’s box of tricks makes LTA disappear
Chancellor Jeremy Hunt has faced calls in recent weeks to relax the rules on certain pension tax allowances to further his campaign to encourage older workers back into the workforce.
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NewsBeware the ideas of March – or perhaps embrace them
The Budget rumour mill has been grinding away and suggests that chancellor Jeremy Hunt is set to loosen the reins on a number of pension allowances.
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NewsRising costs of retirement income not necessarily all bad news
The cost of meeting the minimum standard of the Pensions and Lifetime Savings Association’s retirement living standards increased by almost a fifth (18 per cent), or nearly £1,900 in 2022, according to the Aon UK DC Pension Tracker.
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NewsNew PPI report backs alternatives for DC investment strategies
Alternative assets may have a greater role in defined contribution strategies, offering both greater diversification and a hedge for volatility in public markets, according to a new report.
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NewsSports centre director to be prosecuted for pension fraud
On the go: The Pensions Regulator has accused Lee Bartholomew, 44, from Kent, of fraudulently deducting money from the salaries of employees of 1066 Target Sports Ltd, according to a note from TPR on March 1.
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OpinionValue for money consultation is a welcome start to 2023
More work is needed to protect members suffering on retirement, says HSBC Tomorrow Master Trust chief executive Alison Hatcher.
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NewsBSPS redress scheme comes into effect
On the go: The Financial Conduct Authority’s redress scheme for members of the British Steel Pension Scheme launched on February 28.
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NewsGovernment incentive plans are focused on wrong groups of workers
Government efforts to boost Britain’s economic activity should focus on supporting more mothers into work and helping older workers and those with a disability stay in work, not those who have already retired, according to new research published by the Resolution Foundation.
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NewsCalls for MPAA to be raised may overlook root of economic inactivity
The government has called on older people to re-enter the labour market to help boost economic activity, but has this generation been disincentivised by the very regulations designed to give them greater freedom and choice over accessing their pensions?
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NewsDashboard consultation: missed opportunities and a lack of clarity
The closure of the joint consultations on the long-awaited pensions dashboard have raised concerns about timing and the direction of both organisations running the show.
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Opinion2021 transfer regulations: some problems and solutions
Hogan Lovells partner Edward Brown unravels the unnecessarily complex and tedious restrictions on pension transfers.
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NewsWomen main beneficiaries of state pension changes
The number of people receiving the state pension rose by 130,000 to 12.6mn in the year to August 2022 according to data by the Department for Work and Pensions.
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NewsTPR lead reviewer appointed
The Department for Work and Pensions has announced the appointment of Mary Starks to lead a review of the Pensions Regulator.
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NewsWindow may open again for members of CMG UK Pension Scheme
CMG Pension Trustees has applied to appeal a High Court ruling from August 2022 that determined members of the CMG UK Pension Scheme were not entitled to the payment of arrears.
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NewsRegulators fear savers will make ‘wrong decision’ with pensions info
On the go: The Financial Conduct Authority and the Pensions Regulator are worried that giving savers information about how their pension schemes are performing may lead to them making “the wrong decision”.
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OpinionGetting to grips with TPR’s new single code
Punter Southall Governance Services chief executive Wayne Phelan considers the impact the Pensions Regulator’s new single code of practice will have on pension scheme governance.