All Law & regulation articles – Page 53
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PodcastsPodcast: McCloud costs dispute could damage members’ morale
Podcast: The dispute between doctors, firefighters and the Treasury over who should bear the costs of the McCloud remedy could have implications beyond the directly affected schemes, damaging trust in pensions, and lowering member morale. Hymans Robertson partner Michael Ambery and Quietroom co-founder Mark Scantlebury discuss McCloud, the statements season and the evolution of member communications.
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NewsGovernment considers overturning PPF’s Bauer ruling
The government is looking to remove the effects of the Bauer ruling, impacting the Pension Protection Fund, from UK law and will introduce primary legislation in the near future, according to a letter sent to various industry stakeholders.
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NewsMore than 200,000 savers on the hunt for missing pensions
On the go: More than 200,000 people have contacted the government to ask for help locating their missing pensions, just as the dormant assets scheme gears up to expand into retirement savings.
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NewsGovt rejects Lords’ attempt to retain state pension triple lock
On the go: The House of Commons has rejected proposed amendments from the House of Lords to retain the earnings element of the state pension triple lock next year.
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NewsBMA joins firefighters in threatening McCloud legal action
The British Medical Association is the latest public sector body to threaten legal action should the government persist with plans to make its members pay for the cost of the McCloud remedy.
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FeaturesCould CDC solve the USS crisis?
Collective defined contribution has been touted as a possible long-term solution to the problems of the Universities Superannuation Scheme, but experts and unions are not convinced of its suitability.
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NewsMitchells & Butlers trustees win ‘significant’ inflation court case
A decades-old rule change to the Mitchells & Butlers Pension Plan that shifted the authority in deciding pensions indexation should be rectified, a high court judge has ruled, in what has been described as “one of the most significant pension rectification cases in recent years”.
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NewsRodda keen to expand AE but remains silent on pensions tax
Shadow pensions minister Matt Rodda has said he is keen on expanding auto-enrolment and called for a negotiated settlement between unions and the Universities Superannuation Scheme, but he would not be drawn on Labour’s plans for pensions taxation during a talk with the Society of Pension Professionals.
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NewsUCU demands a new USS valuation
On the go: The University and College Union has published a list of demands of Universities UK, the group representing 340 Universities Superannuation Scheme employers, which it says must be met if strike action this winter is to be avoided.
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NewsDWP’s flat fee charging limit dubbed a ‘symbolic gesture’
The Department for Work and Pensions has confirmed that it will ban the charging of flat fees on qualifying workplace pension pots worth less than £100.
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NewsFormer TPR director served with summons over Section 75 debacle
On the go: Alan Pickering, formerly a non-executive director of the Pensions Regulator and former chair of Plumbing Pensions, has been added to the summons in an employer’s £256,000 claim against the scheme’s trustee over its mishandling of Section 75 debt.
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NewsOpperman not rushing CDC, defends statements season
Pensions minister Guy Opperman has confirmed there will be no regulations on multi-employer collective defined contribution schemes before the end of next year, set out targets for Pension Wise uptake, and become embroiled in a spat with former pensions minister Sir Steve Webb over the effectiveness of the proposed “statements season”.
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NewsTisa calls for pension decumulation policy reform
On the go: The Investing and Saving Alliance is calling on regulators and the government to reform pension decumulation policy that will impact four main areas.
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NewsTrustees given transfer halt powers
On the go: Pension fund trustees will be able to halt suspicious transfers from November 30, following new powers from the Pensions Regulator.
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NewsUUK tries to dispel valuation myths as UCU presses on with strike action
Universities UK, the group representing 340 Universities Superannuation Scheme employers, has argued that the rate increases facing USS members would not be alleviated by a new valuation, countering claims made by the University and College Union.
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NewsUniversity of Dundee urged to agree pensions deal with striking staff
On the go: The Scottish government’s higher education minister has urged the University of Dundee to reach an agreement with staff striking over controversial plans to move low-paid workers to a defined contribution scheme.
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NewsUCU members back strike action over USS pension cuts
University and College Union members have backed industrial action over cuts proposed by the Universities Superannuation Scheme trustee and Universities UK, the group representing 340 USS employers.
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NewsGovt U-turns on minimum pension age hike protections
The government has closed the opportunity for people to transfer to a pension scheme that would offer pension age protection ahead of its planned minimum pension age increase.
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NewsFirefighters threaten legal action over McCloud costs
The government is braced for more McCloud drama after the Fire Brigades Union published a letter threatening legal action to stop the cost of the remedy falling on members.
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NewsGovt suffers defeat in Lords over triple lock scrap
On the go: The government has suffered a defeat in the House of Lords over its plans to restrict increases in the state pension next year by temporarily suspending the triple lock.