All Law & regulation articles – Page 94
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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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News
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.
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News
Scheme goes to court to avoid £10m rules drafting mistake
An orthotics and prosthetics manufacturer has been forced to go to court to amend a word in pension scheme rules drafted 20 years ago, which if left unchanged would have cost the plan £10m.
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News
New govt urged to find solutions for self-employed
On the go: The Association of Independent Professionals and the Self-Employed has called on the new government to update the long-term savings environment to better provide for entrepreneurs.
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News
Politicians expected to duck divisive pensions issues
On the go: Radical pensions reforms are likely to be avoided by political parties in their election manifestos, according to Royal London analysis.
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News
Disability charity boss stole £250k from scheme
On the go: The former head of a charity for the disabled has admitted defrauding its pension scheme out of more than £250,000.
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News
FCA scam warning: 22 years of pension savings gone in 24 hours
On the go: Victims of pension scams lost an average of £82,000 to fraudsters last year, equivalent to 22 years’ worth of savings evaporating within 24 hours, according to the Pensions Regulator and the Financial Conduct Authority.
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News
Authorisation sees master trust market shrink to 37 providers
On the go: A final total of 37 master trusts have received authorisation from the Pensions Regulator, with the FCA Pension Plan and Salvus Master Trust the last to get the go-ahead on Tuesday.
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NewsMPs up pressure on govt over non-commercial dashboard
The government’s failure to commit to a rollout timetable for a new pensions dashboard with state pension data was criticised on Saturday by the Work and Pensions Select Committee.
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News
Lords bill seeks to give TPR dividend approval and scrap PPF cap
On the go: An ambitious bill brought before the House of Lords last week would give the Pensions Regulator approval over company dividend payments, and remove the cap on compensation payments made by the Pension Protection Fund.
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News
Minister presses ahead on simpler statements
On the go: The Department for Work and Pensions is consulting on measures to hasten the adoption of two-page simplified pension statements, in response to sluggish uptake from the industry.
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Features
Trustees insulated from Rothesay-Pru back-book fallout
While a court’s decision to block a £12bn annuity back-book deal between Prudential and Rothesay Life has profound implications for the insurance industry, experts say defined benefit trustees should be safe as long as they do their homework on bulk annuity providers.
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Features
Civil service admin issues signal wider malaise
The government is recouping £2.7m in overpayments to civil service pensioners, but experts warn issues with administration, data and technology continue to impact members and businesses across the industry.
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News
Regulator under fire for insurance supervision
On the go: The Prudential Regulation Authority has been criticised over its supervision of the insurance sector, and in particular the proposed transfer of £12bn of annuities by Prudential to Rothesay Life.
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News
Nearly one in five schemes use FM as green issues come to the fore
On the go: Despite a regulatory investigation, assets managed by fiduciary managers have broken the £170bn barrier, up 21 per cent from £142bn in 2018.
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News
PPF aims to spruce up assessment panel as it tenders for 10 experts
On the go: The Pension Protection Fund has set the ball rolling for a retender of its assessment period trustee panel with a special focus on corporate restructuring and insolvency proceedings.
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News
FRC unveils stewardship code addressing ESG engagement
On the go: A new code from the Financial Reporting Council dictates how asset managers and pension funds should engage with companies for better environmental and social outcomes, including on climate change.