More Law & Regulation – Page 10
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NewsNorton fraud victims share £9.8m compensation payout
More than 200 members of the collapsed Norton Motorcycles pension schemes are to receive nearly £10m in compensation from the Fraud Compensation Fund (FCF).
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NewsTrustees and campaign groups call for consultant regulation
Campaigners have called on the Treasury to accelerate progress on bringing investment consultants into the regulatory regime.
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NewsGovernment sets out scope of first phase of Pensions Review
The government has published its terms of reference confirming the scope of the first phase of the planned Pensions Review.
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NewsRegulators propose ‘red-amber-green’ Value for Money framework
FCA and TPR set out approach to DC value assessments, covering investment performance, charges and service quality metrics.
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NewsIndustry casts doubt on elements of Value for Money framework
A traffic light approach to value for money risks oversimplifying, while ensuring alignment with the government’s productive finance agenda could prove difficult, say commentators.
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NewsTPR promises to be ‘reasonable’ over funding code
The new Defined Benefit (DB) Funding Code has been laid before parliament, paving the way for the long-awaited revised regulatory framework for DB schemes to come into force.
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NewsCalls for government action after Virgin case ruling
Industry groups have called for government intervention in the wake of the Virgin Media-NTL case, which has cast significant uncertainty over the defined benefit (DB) sector.
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NewsTPR clarifies capital release rules for superfunds
The Pensions Regulator (TPR) has set out its requirements for superfunds that wish to release capital to investors as part of their commercial business model.
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NewsVirgin-NTL case ruling poses ‘major issues’ for DB schemes
Lawyers and actuaries have called for the government to intervene after a court ruled that scheme rule amendments could be void if they are missing an actuarial sign-off.
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NewsITV strikes deal with TPR to end Box Clever saga
Nearly 3,000 former Box Clever employees will receive their pension benefits in full after the regulator struck a deal with ITV. Pensions Expert looks back on a 13-year saga.
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NewsBritish Steel redress hit by falling annuity prices
Redress paid to victims of the British Steel pension scandal has reached £106m, according to the Financial Conduct Authority (FCA).
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NewsDWP failing to fix state pension errors, says LCP’s Webb
Nearly 200,000 parents are missing part of their National Insurance record – and the Department for Work and Pensions (DWP) is moving at “a snail’s pace” to fix it.
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News‘Fragmentation and waste’: Government sets sights on LGPS
The government has targeted a reduction in “fragmentation and waste” within the Local Government Pension Scheme (LGPS), as part of the first phase of its much-anticipated Pensions Review.
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News‘Challenging balance to strike’: Industry reacts to Pensions Review
The pensions sector has extended a cautious welcome to the government’s wide-ranging Pensions Review after the chancellor, Rachel Reeves, unveiled the plans over the weekend.
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NewsChancellor fires starting gun on Pensions Review
The anticipated Pensions Review kicks off this week after the government announced plans for a “big bang of reforms” for the sector over the weekend.
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NewsWhat is – and isn’t – in Labour’s Pension Schemes Bill
The new government set out plans for legislation on small pots consolidation, default decumulation options, and ensuring value for money at the State Opening of Parliament today (17 July).
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NewsRailpen laments ‘opportunity lost’ as FCA unveils listings overhaul
Railpen has expressed strong disappointment with a new regulatory regime for UK listed companies, unveiled by the Financial Conduct Authority (FCA) this morning (11 July).
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NewsJoined-up thinking: Emma Reynolds to work across DWP and Treasury
The appointment of a pensions minister working across the Department for Work and Pensions (DWP) and the Treasury could signal joined-up pensions policy, according to former pensions minister Sir Steve Webb.
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NewsUSS, Brunel to help shape National Wealth Fund
The UK’s biggest private sector pension scheme and one of the eight local authority pension fund pools are among the members of a taskforce set up by the government.
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NewsMeet the new bosses: Key appointments in Labour government
Sir Stephen Timms, former chair of the Work and Pensions Select Committee, has been appointed minister of state in the Department for Work and Pensions (DWP).