All Law & regulation articles – Page 95
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News
GMP equalisation soars up list of trustees concerns
On the go: GMP equalisation has soared up the list priorities for pension schemes following the Lloyd’s Banking Group case earlier this year, Equiniti research has found.
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News
Business handed £350k fine for not complying with pension duties
On the go: The Pensions Regulator is warning employers not to avoid their pension duties after one company ended up with a £350,000 fine.
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News
TPR adds three more master trusts to list of authorised schemes
On the go: Atlas Master Trust, The Cheviot Pension and The People’s Pension have all been added to the Pensions Regulator’s list of authorised master trusts.
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News
State pension age should rise to 75, says think tank
On the go: A chorus of critics has condemned the Centre for Social Justice’s proposal to increase the state pension age to 70 by 2028, with a further rise to 75 by 2035, to make the system more sustainable and reflect longer life expectancies.
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News
High Court blocks Prudential's £12bn annuity transfer to Rothesay
On the go: The High Court of England and Wales has taken the exceptional step of blocking the transfer of a £12bn portfolio of annuities from The Prudential Assurance Company Limited, a subsidiary of M&GPrudential, to Rothesay Life – leaving a question mark over future deals of this nature
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News
TPR writes to 120 schemes about incorrect equalisation calculations
The Pensions Regulator has written to the trustees of 120 pension schemes administered by Prudential making them aware of potential pension payment errors.
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Opinion
Why s72 requests have ramped up in recent years
Analysis: The Pensions Regulator's "clearer, quicker and tougher" approach is one of the main reasons behind the recent spike in section 72 requests, experts say.
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News
National Pension Trust and SEI Master Trust achieve authorisation
On the go: National Pension Trust and the SEI Master Trust have been added to the Pensions Regulator’s list of authorised master trusts.
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NewsBritvic seeks court approval for RPI/CPI switch
Soft drinks manufacturer Britvic is the latest business to attempt to switch the basis for its defined benefit pension increases from the retail price index to the consumer price index, with other companies reputedly queuing up to take legal advice on this very point.
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NewsWiden taper consultation to fix pensions tax system, experts say
A chorus of pension experts is urging the government to extend the ambit of its consultation on the workings of the tapered annual allowance to include the private sector along with other anomalies and injustices.
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News
Government to review tax taper for NHS clinicians
On the go: The government is to review the operation of the tapered annual allowance for senior clinicians, following a vigorous campaign by NHS doctors.
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News
5 million still at risk from scams, TPR warns
On the go: The Pensions Regulator has warned that as many as five million savers are still at risk from pension scams, as it renews its commitment to fighting fraudsters alongside the Financial Conduct Authority.
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News
IWDC Section of Railways Pension Scheme gains authorisaton
On the go: The Railways Pension Scheme’s Industry-Wide Defined Contribution Section master trust has been authorised by the Pensions Regulator.
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News
Watchdog to prosecute recruitment agency over AE duties
On the go: The Pensions Regulator is prosecuting a recruitment agency and its managing director on suspicion of attempting to avoid providing employees with a workplace pension.
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News
MPs urge DWP to review scope and level of charges cap
The Work and Pensions Committee is ramping up the pressure on the government and the Financial Conduct Authority to cap the level of charges on default retirement products.
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News
TPR turns up the heat on 99% failing small schemes
The Pensions Regulator continued to press for consolidation on Thursday, after its annual survey found 99 per cent of small schemes are missing statutory governance requirements.
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News
Quarter of a million still inherit spouse's state pension via DWP loophole
On the go: A loophole means some spouses who outlive their partners are eligible to inherit some of their state pension, the Department for Work and Pensions has said, in a revelation that could boost many pensioners' income.
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News
ACA reignites pensions v house purchase debate
On the go: The Association of Consulting Actuaries is calling for new flexible savings products designed to fulfil young savers’ housing and pensions aspirations.
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News
Select committee presses govt on superfund commitment
On the go: The Work and Pensions Committee has voiced its concerns about the government allowing the creation of defined benefit superfunds in the absence of a dedicated regulatory regime.
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NewsFCA lambasted for lethargy on contingent charging
The Financial Conduct Authority’s proposals to ban controversial charging structures were welcomed by the industry on Tuesday, but some have criticised the regulator for being slow to act.