More Law & Regulation – Page 29
-
NewsOpperman has ‘zero sympathy’ for concerns over dashboards’ timeline
Pensions minister Guy Opperman has rebuffed concerns over the timescale of the Pensions Dashboards Programme, adding that the project would have moved at even greater speed if he had his way.
-
NewsOpperman moots abolishing member-nominated trustees
Pensions minister Guy Opperman has raised the possibility of scrapping member-nominated trustees, demanding a surge in professional trustees as part of his plans for consolidation in the defined contribution space.
-
NewsFirst LGPS climate risk reports due by December 2024
The first Local Government Pension Scheme climate risk reports will be completed by December 2024, with which administering authorities will set out their strategies and metrics for managing climate-related risks and opportunities, according to a new government consultation.
-
News‘Millions to lose out’ as court rejects RPI reform appeal
Industry commentators have warned that millions of pensioners stand to “lose out” after the High Court rejected a judicial review, brought by some of the country’s largest defined benefit schemes, against the government’s plans to replace the retail price index with the consumer price index including housing.
-
NewsScheme administrators concerned about dashboard data security
On the go: Data security on the pensions dashboards is the primary concern among pension scheme administrators, according to a survey from financial solutions company Bravura.
-
NewsDominic Harris confirmed as new Pensions Ombudsman
On the go: The Department for Work and Pensions has confirmed CMS partner Dominic Harris as the next Pensions Ombudsman.
-
NewsLGPS calls for ‘future-proofing’ benefits against discrimination
On the go: The chair of the Local Government Pension Scheme Advisory Board, councillor Roger Phillips, has written to the Department for Levelling Up, Housing and Communities asking for reforms to discriminatory death and survivor benefits in the LGPS, and to protect the scheme against future legal challenges.
-
NewsStrikes ‘likely’ over TfL pension changes as funding deal reached
Changes to the TfL Pension Fund will be required as part of a financial support package agreed between the government, Transport for London and the mayor of London, with a plan to be presented in September. But unions have rejected the deal, and warned that more strikes are “likely”.
-
NewsPensions dashboards standards need ‘extensive user testing’
Respondents to the pensions dashboards standards consultation have warned that user testing and experience will be required before a full assessment can be provided.
-
NewsProfessional negligence claim against Aon goes ahead
The High Court has given the green light for a full court hearing into a professional negligence claim against Aon, after the consultancy failed in its attempt to have the claim struck out on the basis that it has breached statutory limitation periods.
-
News‘Disingenuous’ pension proposals will not fix NHS staffing crisis
The government’s proposed pension rules tweaks around “retire and return” for some NHS Pension Scheme members, in a bid to tackle the mounting staff retention crisis, have been criticised by commentators who argue that the changes do not go far enough.
-
NewsTribunal upholds £400 TPR fixed penalty notice
On the go: A tribunal has enforced a £400 fixed penalty notice issued by the Pensions Regulator against an employer that failed to comply with an unpaid contributions notice.
-
NewsEast Lothian Council rejects LGPS funds’ merger oversight motion
On the go: The East Lothian Council has voted down a motion that sought to expand oversight of a planned merger between the £8.6bn Lothian Pension Fund and the £3.2bn Falkirk Council Pension Fund.
-
NewsOpperman rejects PPF and FAS inflation caps review
Pensions minister Guy Opperman has rebuffed an appeal from a trade union to review compensation levels in the Pension Protection Fund and the Financial Assistance Scheme, as the cost of living crisis looms over beneficiaries.
-
NewsCourt dismisses trustee’s Barber window arrears claim
The High Court has ruled that members of the CMG UK Pension Scheme are not entitled to payment of arrears that fell due more than six years ago, despite the trustee’s attempts to continue paying them.
-
NewsThink tank urges reform of NHS pensions’ CPI link
Think thank Policy Exchange has advised the next prime minister to revise the relationship between the consumer price index and the annual allowance for public sector pensions, in a move that could help to limit the number of GPs and consultants retiring early to avoid punitive taxes.
-
NewsCivil service union issues strike ultimatum
The Public and Commercial Services Union has threatened the government with strikes in the civil service unless it accedes to demands for improved pay, pensions and job security.
-
NewsPASA issues call to action on dashboards data matching
On the go: The Pensions Administration Standards Association has urged schemes to act now on data matching in preparation for dashboards, deciding how to digitally compare and match “find requests” from users against their records.
-
NewsFirefighters’ options exercise requires ‘corrective action’
On the go: “Corrective action” is required for certain members of the Firefighters’ Pension Scheme, after a number of Fire and Rescue Authorities failed to conduct an options exercise properly.
-
NewsUCU threatens ‘unprecedented strikes’ as USS reaches surplus
The University and College Union has strongly criticised the decision to cut staff benefits, as the Universities Superannuation Scheme’s June monitoring report reveals a surplus of £1.8bn and universities prepare to embark on billions of pounds in capital expenditure.