All Law & regulation articles – Page 92
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News
TPR’s debt recovery rate stalls despite record enforcement activity
On the go: Despite the Pensions Regulator enforcement activity reaching a record high, the recovery rate against recoverable debt remains at 30 per cent, new research has revealed.
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Schemes hit back at DWP’s levy ‘knee-jerk solutions’
Several pensions experts have criticised the government’s consultation on the general levy on pension schemes, arguing that the Department for Work and Pensions has proposed ‘knee-jerk solutions’ that are not fit for purpose.
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McCloud claimants to be treated as pre-2015 members
On the go: Younger members of public sector schemes who have been discriminated against by the government’s 2015 pension reforms will be treated as participants of the original pension funds.
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News
Calls for NHS pension solution to be extended to armed forces
On the go: The Forces Pension Society has called on the government to extend its temporary fix for pension tax issues for senior clinicians to the armed forces.
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Darren Ryder steps down from TPR
On the go: The Pensions Regulator’s director of auto-enrolment, Darren Ryder, will leave his role next year to help other countries develop their own auto-enrolment programmes.
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News
Conservatives promise to revive pensions bill
On the go: The Conservative party has promised to bring back Guy Opperman’s three-part pensions bill if re-elected, in a manifesto that largely maintains the status quo in retirement saving.
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Labour promises £58bn redress to 1950s women
On the go: The Labour party has pledged to compensate women affected by the state pension age hike, with a £58bn commitment.
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Ombudsman: DWP failed to explain GMP downgrade to members
The Department for Work and Pensions failed to properly communicate the detrimental impact that ending contracting out had on increases for individuals with a guaranteed minimum pension, the Parliamentary and Health Services Ombudsman has concluded.
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News
Labour’s nationalisation plans could dent scheme portfolios
The Pensions and Lifetime Savings Association has urged the Labour Party to clarify its plans for nationalisation of infrastructure and utilities, stressing that current investors must be compensated.
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Trustees vindicated in RPI/CPI switch complaint
The Pensions Ombudsman sided with pension scheme trustees in two separate cases over the decision to switch their inflation measure away from the retail price index.
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News
Nursery and director fined for failing to enrol staff
On the go: A children’s nursery and its director have been ordered to pay £8,200 by the Pensions Regulator for failing to enrol staff in a workplace pension and misleading the watchdog.
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News
Lib Dems in NHS pensions pledge
On the go: The Liberal Democrats have pledged to find a solution for the pensions crisis driving senior NHS staff to turn down extra work, but stopped short of any commitment to end the annual allowance taper.
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News
Dalriada working with replaced trustee to recoup £14m
Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.
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Greens manifesto to force fossil fuel divestment for public schemes
On the go: Public sector pension funds would be required to divest from fossil fuel-related companies under a government led by the Green Party, which has released a manifesto packed with controversial pension reforms.
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News
Govt solution for doctors’ tax bill met with criticism
The government will introduce an emergency measure to pay the tax bills of doctors and consultants in England affected by the tapered annual allowance, but the move has been criticised by experts.
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News
Regulator updates pension transfer guidance for trustees
On the go: Defined benefit trustees will need to contact financial advice firms to check if the adviser listed on members’ transfer documents is employed with them, new guidance from the Pensions Regulator stipulates.
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Features
More action needed to help self-employed women
Analysis: Reform should be pushed up the agenda to support self-employed women and reduce the biggest challenges of the gender gap, experts say.
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News
High Court tells ombudsman to reconsider pension case
A dispute over whether a university employee was entitled to her full pension has been sent back to the Pensions Ombudsman after the High Court disagreed with the initial decision.
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News
Nursery director admits to avoiding paying pensions to staff
On the go: A pre-school nursery and its main director have pleaded guilty in court to attempting to avoid providing their staff with a workplace pension.
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Court approves BA trustees' pension increase settlement
On the go: Trustees of British Airways’ defined benefit schemes have had a settlement allowing them to pay discretionary increases approved by the High Court.