More Law & Regulation
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NewsDWP to introduce CDC legislation in autumn, pensions minister says
Torsten Bell says the government will legislate later this year to allow for multi-employer and decumulation-only CDC models.
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NewsAnnual Funding Statement: Covenant assessment clarity welcomed
In its Annual Funding Statement, the regulator clarified aspects of covenant assessments to help trustee boards through the first valuations under the new funding regime.
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NewsAnnual Funding Statement: Trustees should prepare for surplus release options
Industry commentators have welcomed the recommendation from the regulator to engage early with sponsors over the potential release of DB surpluses.
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NewsAnnual Funding Statement: Focus on endgame planning, says TPR
The regulator’s latest Annual Funding Statement shows strong funding across most of the DB sector, but it says recent volatility means trustees should maintain focus on robust endgame planning.
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NewsHow the government plans to consolidate small pension pots
Pension schemes will have to be able to facilitate automatic consolidation of pension pots smaller than £1,000 from 2030, under proposals set out by the government today.
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NewsRegulator clarifies superfund guidance ahead of expected market growth
TPR has sought to clarify its expectations and address misconceptions around superfund transactions ahead of the Pension Schemes Bill and potential new entrant to the sector.
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NewsInvestment rule change for insurers could aid buy-in pricing
Pension insurers could soon be given new investment flexibilities designed to boost their ability to allocate to UK assets – a move that could improve bulk annuity pricing.
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NewsFCA boss to prioritise growth and competitiveness in second five-year term
The Treasury has reappointed Nikhil Rathi as chief executive officer of the Financial Conduct Authority and tasked him with fully embracing its “international competitiveness and growth objective”.
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NewsHow artificial intelligence can help win the war against pension scams
The Pensions Regulator and the Pension Scams Action Group have developed an artificial intelligence tool to help identify and shut down websites that are attempting to defraud people of their pension savings.
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NewsAre pension scheme trustees being overlooked in policy discussions?
A new report exploring the “pensions powerbrokers” has called for the government to pay more attention to the views of professional, independent and member-nominated trustees.
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NewsRegulation of professional trustees ‘must preserve innovation’
Professional trustees and other industry experts have been responding to the Pensions Regulator’s plans to formally regulate professional trustee firms.
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NewsProfessional trustees to face scrutiny over remuneration, additional services
The Pensions Regulator has set out plans to formally regulate professional trustee firms after a market engagement exercise found issues around conflicts of interest.
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NewsThink tank calls for full PPF underpin to boost surplus release case
The Social Market Foundation has set out recommendations for the government to make releasing surplus assets from DB pension schemes more attractive and secure.
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NewsTPR could reduce master trust capital reserves amid drive to cut regulatory burden
Most master trusts are profitable and less likely to fail than they were when the regulatory regime was established in 2019, according to the regulator’s chief executive.
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NewsDashboard coalition disbands amid concerns over high regulatory bar
Industry experts are concerned that private sector pension dashboards may never happen as the expected regulatory framework is too onerous and uncertain.
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NewsSpring Statement: All quiet on the pensions front – but state pension concerns loom large
While the Spring Statement brought no new developments for the pension sector, the UK’s fragile economic and fiscal situation means the state pension is under increasing scrutiny, as Pensions Expert explores.
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NewsScrap triple lock to soften welfare cuts blow, says think tank
Rachel Reeves should scrap the triple lock on the state pension in order to relax some of the government’s recent “contentious” welfare cuts, according to a think tank.
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NewsPension Investment Review seeks scale – but not at any cost
The Pensions Investment Review will not undermine freedom of investment choice, nor will it threaten fiduciary duty, according to the person overseeing the project for the Treasury.
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NewsPensions minister: Big is beautiful - and better
Torsten Bell used his opening address to the Pensions and Lifetime Savings Association’s Investment Conference to reinforce the government’s drive to scale up pension funds.
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NewsTorsten Bell: New pensions commission will not solve adequacy issues
Torsten Bell has said people who think a “technocratic” approach to solving adequacy issues were “in la-la land”, and argued that the government needed to make use of its strong majority.