All Law & regulation articles – Page 57
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NewsPLSA targets ‘adequate income’ for 2022
On the go: Securing a policy regime that guarantees an adequate retirement income for most savers will sit at the top of the Pensions and Lifetime Savings Association’s list of priorities this year, it has announced, with the industry body advocating for the expansion of auto-enrolment.
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NewsOpperman rules out mandatory guidance for 50-year-olds
Pensions minister Guy Opperman has ruled out the prospect of automatic appointments for 50-year-olds with Pension Wise as it would be expensive and ineffective.
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NewsAccess pool criticised by LGPS board over policy failings
Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.
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NewsPension ages need a rethink as life expectancy falls
On the go: The government should rethink its plans to increase the state pension age as life expectancy estimates show a further decline, according to a former pensions minister.
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NewsHigh Court rebuffs police officers’ McCloud judicial review
The High Court has rejected a judicial review claim brought by the Police Superintendents’ Association against the government’s McCloud consultation, despite finding legal errors in the process.
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NewsFormer shadow pensions minister Jack Dromey dies aged 73
On the go: Former shadow pensions minister Jack Dromey, MP for Birmingham Erdington, has died at the age of 73.
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NewsParliament moves to ban flat fees on small pots
On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.
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NewsLGPS seeks UN clarity on Israel investment comments
On the go: The Local Government Pension Committee and the Local Authority Pension Fund Forum are to arrange a call with UN special rapporteur Michael Lynk, seeking clarity over his comments on investments in contested Israeli settlements.
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NewsIndustry suggests improvements to climate reporting requirements
Industry experts have broadly welcomed proposals from the Department for Work and Pensions to introduce a suite of new climate and investment reporting requirements, but cautioned that there are still improvements to be made.
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NewsPolice officers reiterate McCloud criticisms in consultation response
A campaign group representing police officers dissatisfied with the government’s handling of the 2015 public sector pension reforms have reiterated their complaints in response to the McCloud consultation, calling for the changes to be reversed.
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NewsMoD to reinstate Armed Forces Scheme member after scam transfer
The Ministry of Defence will have to reinstate a former member to the Armed Forces Pension Scheme and pay him £2,000 for severe distress and inconvenience, after wrongly allowing him to transfer to the Capita Oak Pension Scheme, a scam that invested in storage pods.
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People NewsPLSA to expand policy board expertise
On the go: The Pensions and Lifetime Savings Association is looking to expand the range of expertise on its policy board and committees, calling on experts from across the industry to apply for roles.
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NewsMP seeks to extend auto-enrolment to 18-year-olds
On the go: Proposals that would see working 18-year-olds and low earners automatically save into a pension are being put before parliament this week.
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NewsSolvency II reform could unlock ‘tens of billions’ in investments
On the go: The reform of the EU’s Solvency II requirements would unlock a “Brexit bonus” amounting to “tens of billions” of pounds in long-term infrastructure investment, according to a new report from the Pension Insurance Corporation.
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NewsDisappointment as Silentnight members denied compensation
On the go: MPs have expressed their disappointment that members of the Silentnight Pension Scheme will not receive any compensation from the £13m fine handed to KPMG for serious misconduct.
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People NewsFrank Field recognised in New Year honours
On the go: Frank Field, former Work and Pensions Committee chair, has received one of the most exclusive awards in the Queen’s New Year’s honours list.
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NewsPMI warns majority of savers will be caught out by pension age rise
On the go: The majority of people impacted by the rise in the normal minimum pension age are unaware it is happening, the Pensions Management Institute has warned.
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NewsMPs urged to tweak minimum pension age rules
On the go: Quilter has written to MPs to ask them to amend the finance bill to avoid “decades of complexity” in relation to the increase in the normal minimum pension age.
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NewsMajority of trustees lacking confidence in new scam rules
On the go: Almost three-quarters of trustees are not confident the new transfer rules will reduce pension scams in the long term, according to research.
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NewsFCA to consult on British Steel redress scheme
On the go: The Financial Conduct Authority will be consulting on a redress scheme for members of the British Steel Pension Scheme who transferred out after receiving bad advice.