All Law & regulation articles – Page 46
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NewsDWP called to intervene in divorced women underpaid pensions
On the go: A bill calling on the government to include divorced women in its efforts to repay those who have been underpaid the state pension has been introduced in parliament.
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PodcastsPodcast: Is this really the right time for auto-enrolment expansion?
Podcast: Expanding auto-enrolment is a great idea in theory, but with sky-high inflation, a cost of living crisis and the potential for a global recession to exacerbate it, is now the right time to pursue it? LCP partner Mary Spencer and Cartwright’s director of investment consulting Sam Roberts debate the merits, discuss pension schemes’ reaction to war in Ukraine, and explore the industry’s readiness for long-term inflation.
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NewsGovt to compensate judges for additional McCloud tax bills
The Ministry of Justice has announced it will compensate judges who incur additional tax liabilities as a result of the immediate choice they will take later this year, while other departments left their proposals largely unchanged following consultations on phase one of the McCloud remedy.
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NewsTPR not ruling out ‘value for money’ league tables
On the go: The Pensions Regulator is considering league tables as a way of implementing a new value for money framework for pension schemes, though it is not “leaning towards” them at present.
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NewsOpperman slates lack of long-term vision in pensions, hints at reshuffle
Pensions minister Guy Opperman has suggested a reshuffle may be on the cards, and has criticised a perceived lack of long-term vision in the pensions industry.
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NewsStrike suspended as schools and unions meet over teachers’ pensions
On the go: Unions have suspended plans for more strike action at 23 private schools to allow talks to take place over planned changes to teachers’ pensions.
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NewsFTSE 100 firms lagging on data, half of schemes have impact investments
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with a majority of FTSE 100 companies still failing to disclose diversity and welfare data in their annual reports, and Big Society Capital finding that half of all UK pension funds now hold some form of impact investment.
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NewsIWD: Mountain still to climb on the way to pensions parity
Research published ahead of International Women’s Day, which takes place on March 8, indicates that women are struggling to keep up with men in the UK when it comes to saving for their retirement.
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NewsMcCloud legislation on track for April
On the go: Secondary legislation necessary for the implementation of the McCloud remedy is on track to be published by April 1, and another round of consultations is due before October, the government has confirmed.
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NewsDashboards’ staging deadline too ambitious for LGPS
The government’s timetable for dashboards’ integration is likely to be too ambitious for the Local Government Pension Scheme, with administering authorities bogged down by other challenges, its pensions committee has warned.
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NewsPension providers call for personalised advice rules
On the go: Pension providers have called on MPs to change advice rules to allow them to offer more personalised guidance.
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NewsEight out of 10 young adults demand earlier pension saving
On the go:More than eight in 10 young people want pension saving to begin before individuals reach the age of 22 — the default age from which employees are automatically enrolled into a workplace pension.
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NewsLGPS Russian exodus under way as TPR tells trustees to ‘be vigilant’
Local Government Pension Scheme funds are racing to slash their portfolios’ exposure to Russia and reassure members over the crisis, while the Pensions Regulator has issued new guidance to trustees expecting them to “be vigilant” on this matter.
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NewsUCU threatens yet more strikes over employers’ USS deal
On the go: The University and College Union has threatened yet more industrial action, including a marking and assessment boycott, as the row over the resolution of the Universities Superannuation Scheme’s 2020 consultation escalates.
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NewsGovernment to impose McCloud costs despite significant opposition
The government has confirmed it will impose the costs of the McCloud remedy on public sector schemes’ 2016 valuations, despite its consultation garnering significant opposition from members and trade unions.
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NewsPandemic could cut FTSE 100 DB contributions by £5bn
On the go: The wider health effects of the coronavirus pandemic could see FTSE 100 defined benefit scheme sponsors slash longer-term contributions by around £1bn a year, new research has revealed.
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NewsOpperman promises GMP conversion tax fix
On the go: Pensions minister Guy Opperman has clarified some of the provisions in a bill regarding guaranteed minimum pensions conversion, and pledged to work with HM Revenue & Customs on the tax implications.
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NewsTPR publishes guidance for trustees on Pension Wise appointments
On the go: The Pensions Regulator has published new guidance for trustees who will be required to offer Pension Wise appointments for savers who want to access their defined contribution pensions.
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NewsPension giants call govt to adopt AE expansion
Some of the UK pension industry’s big beasts have joined forces to demand an expansion of auto-enrolment to capture young people, part-time workers and those on lower incomes.
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NewsDC focus turns to member outcomes but retirement uncertainty remains
Data crunch: Despite almost half of defined contribution schemes now stating their main aim is to deliver adequate retirement income for members, 63 per cent do not know what is the expected outcome for a typical member at retirement, according to new research.