All Law & regulation articles – Page 52
-
NewsCompany fined £140k for thousands of pension cold calls
On the go: A London-based company has been told to pay a £140,000 penalty by the Information Commissioner’s Office after making more than 107,000 marketing calls to people about their pensions.
-
NewsProviders to book pensions guidance sessions from June
On the go: Savers will be offered Pension Wise appointments if they want to access their defined contribution pensions from June 2022.
-
NewsCouncil to compensate member after persistently giving incorrect info
South Tyneside Council has been ordered to pay £2,000 in total by the Pensions Ombudsman to a former employee after it incorrectly told him he could defer claiming his pension benefits until age 75.
-
NewsGovt to consult again on McCloud implementation in 2022
The Cabinet Office, Home Office, Department for Education and Ministry of Defence have each opened consultations into the first phase of the McCloud remedy, covering regulations that will see all legacy schemes close to future accrual from March 2022. However, new consultations on phase two of the remedy will be launched next year.
-
NewsGovt to remove performance fees from DC charge cap
The Department for Work and Pensions has launched a consultation that will seek out policy proposals to exclude investment performance fees from the defined contribution charge cap.
-
NewsShadow pensions secretary appointed in reshuffle
On the go: Jonathan Ashworth, Labour MP for Leicester South, has landed the role of shadow work and pensions secretary, as part of a reshuffle of the shadow cabinet.
-
NewsUnion slammed as ‘at odds with reality’ as USS strike action begins
On the go: Employers have once again hit out at the University and College Union over strike action set to commence on Wednesday.
-
NewsClara Pensions to begin accepting transfers after TPR clearance
The Pensions Regulator has cleared consolidator Clara Pensions to begin accepting transfers, opening up a new endgame option for defined benefit schemes.
-
NewsAmbassador to pay £80,000 for withholding pension information
On the go: An ambassador has been ordered to pay more than £80,000 after being found guilty of withholding information from the Pensions Regulator.
-
NewsHow will the new pension transfer restrictions work?
The new pension transfer rules coming into force on November 30 will bring added duties for pension scheme trustees, and will not be a panacea to prevent scams, specialists warn.
-
NewsTPR warns employers on re-enrolment duties
On the go: The Pensions Regulator has said employers “have more to do” to meet their workplace pension duties, ensuring contributions are up to date and savers are re-enrolled into schemes.
-
NewsHigh Court gives green light to Pru’s £12bn annuity sale
On the go: The High Court has approved the transfer of £12bn of annuities from Prudential Assurance Company, now M&G, to Rothesay Life after it was previously blocked.
-
NewsStatement season could put 10.6m pension savers at risk
On the go: Some 10.6m pension savers could see their financial information fall into the hands of fraudsters if the government goes ahead with its plans for a statements season, PensionBee has warned.
-
NewsConcerns of ‘capacity crunch’ at Maps as scam rules come into force
On the go: Concerns have been raised about MoneyHelper and the Department for Work and Pensions’ preparedness for a flurry of enquiries when the new anti-scam rules come into force next week.
-
NewsFirst dashboards service provider launches
On the go: Altus and ITM have joined forces to launch the first commercial pensions dashboards integrated service provider, which will provide technology to connect savers to their pensions.
-
NewsCabinet Office opens consultation as McCloud challenges mount
The Cabinet Office has launched a consultation on how the McCloud remedy is to be implemented for members of the civil service pension scheme, while the GMB union has joined the list of those challenging it in the courts.
-
NewsRegulatory burden prompts fears of trustee exodus
On the go: Three-quarters of employers fear the trustees of their pension schemes will consider resigning rather than face an “onslaught” of regulatory and legislative change, according to a survey from the Association of Consulting Actuaries.
-
NewsPension videos could boost guidance take-up, govt told
On the go: Videos could help encourage up to 60 per cent of people to take up the government’s free pensions guidance offer, a response to a Work and Pensions Committee inquiry has claimed.
-
NewsUnion ballots for strike action over schools’ exit from Teachers’ scheme
On the go: The National Education Union is balloting its members on industrial action over plans by the Girls’ Day School Trust to exit the Teachers’ Pension Scheme.
-
NewsTeachers’ Pension Scheme faces high-profile ombudsman complaints
The Teachers’ Pension Scheme is facing a number of potential high-profile complaints to the Pensions Ombudsman over alleged maladministration, including a grievance about a £98,000 overpayment, Pensions Expert can reveal.