All Law & regulation articles – Page 23
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NewsACA pushes new pensions minister for early extension of CDC
On the go: Laura Trott has been urged by the Association of Consulting Actuaries to extend collective defined contribution schemes to more savers as a way of boosting pension savings.
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NewsBoE director calls for greater regulatory oversight on leverage
The Bank of England’s executive director for financial stability strategy and risk has called on regulators to review how leverage is managed, in the wake of a liquidity crisis in October triggered by a spike in gilt yields.
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NewsBMA warns of spike in early retirements over tax relief reforms
The British Medical Association has warned that the number of doctors choosing to reduce hours or retire early would increase were the government to proceed with reported plans to freeze the pensions lifetime allowance past 2026.
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NewsTrott appointed pensions minister
On the go: Laura Trott has been selected as the new pensions minister, succeeding Alex Burghart.
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NewsOmbudsman hits Paint Hale Ltd with £1,000 fine
On the go: The Pensions Ombudsman has ordered Paint Hale Ltd to repay missing pension contributions to a former employee and fined the company £1,000 for the distress it caused her.
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NewsPPF introduces new ESG voting guidelines
On the go: The £39.4bn Pension Protection Fund has brought in new environmental, social and governance voting guidelines for its listed equity holdings, across both segregated and pooled mandates.
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NewsTPR salvages more than £500mn in missing contributions
On the go: The Pensions Regulator has secured more than £500mn worth of late or missing contributions since the advent of auto-enrolment, it has claimed.
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NewsBrexit date hands victory to DWP in PPF assessment appeal
The Employment Appeals Tribunal has handed a near-complete victory to the Department for Work and Pensions over a ruling that threatened limits paid to members of the Pension Protection Fund, having concluded that the majority of respondents no longer had rights against age discrimination that had been grounded in European law.
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NewsUK gender wealth equity lags Europe at retirement
On the go: The UK has one of the largest gender wealth gaps in Europe, sitting below the global average and only just above the Netherlands, which is in last place for the continent.
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NewsDashboard implementation deadline extended by two months
Financial Conduct Authority-regulated pension providers have been given an extra two months to comply with the regulator’s pensions dashboard rules on implementation.
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NewsOpperman returns to DWP as minister of state
On the go: Guy Opperman has been appointed as a minister of state at the Department for Work and Pensions, a little over a month after being let go as pensions minister.
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NewsPension dashboards near live testing stage
On the go: The Pensions Dashboards Programme has moved into the testing of digital architecture phase, with more than 20 organisations taking part as early participants, programme principal Chris Curry has said.
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NewsTPR: Improved funding steering DB sector towards buyout
Around nine in 10 defined benefit trustees and employers now have a long-term objective in place, with positioning for a buyout more common than reaching a position of low dependency.
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NewsPost-pandemic retirement surge increases LGPS expenditure
A rise in the number of people retiring following the pandemic contributed towards a 6.6 per cent increase in Local Government Pension Scheme expenditure, new data from the Department for Levelling Up, Housing and Communities has revealed.
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NewsSwitching providers too difficult for employers, DWP finds
Companies rarely switch pension providers as the process is too onerous, the Department for Work and Pensions has discovered.
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FeaturesDB schemes and LDI: ‘We’re through that firefighting phase’
Analysis: The dust has settled after a tumultuous month for defined benefit pension schemes.
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NewsMel Stride appointed work and pensions secretary
On the go: Prime minister Rishi Sunak has appointed Mel Stride as the new secretary of state for work and pensions.
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NewsLecturers’ USS lawsuit to proceed to the Court of Appeal
On the go: A lawsuit against Universities Superannuation Scheme directors alleging climate inaction and breaches of duty will be heard by the Court of Appeal.
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NewsTPR publishes consolidated enforcement powers
The Pensions Regulator has published its new enforcement policy, which contains new powers awarded in the Pension Schemes Act 2021, and replaces and consolidates compliance and enforcement policies governing defined benefit, defined contribution and public sector pension schemes.
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NewsTfL sets out ‘significantly less generous’ pension reform options
Transport for London has published two concepts for the future design of its pension arrangements, while also asking that the government either reclassify past service assets and liabilities under a public sector arrangement or provide a Crown guarantee.