More Law & Regulation – Page 7
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News‘Evolution, not revolution’: TPR’s General Code comes into effect
New requirements around governance processes and risk assessments have come into force as the Pensions Regulator’s General Code goes live.
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NewsOmbudsman slams DWP over state pension age increases
The Department for Work and Pensions (DWP) may be forced to pay compensation to women born in the 1950s after a report found the department had failed to communicate changes adequately.
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NewsWe won’t dictate UK investment: FCA
The Financial Conduct Authority (FCA) is to work with other regulators on an “ecosystem for UK investment” – but it will not dictate how schemes invest, its CEO says.
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NewsTPR boss outlines consolidation drive
The Pensions Regulator (TPR) is to push for further consolidation in the pensions industry to raise governance standards and improve outcomes for savers, its CEO has said.
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NewsPoor performers to face new business ban
The Treasury is to give more powers to regulators to improve value for money and performance accountability.
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NewsTreasury to force reporting of UK investment allocations
Jeremy Hunt has unveiled more proposals aimed at boosting DC schemes’ investment in the UK economy.
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NewsPensions minister confirms support for auto-enrolment expansion, CDC
Pensions minister Paul Maynard has called on the industry to continue to support the government’s reform efforts.
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NewsTrustees ‘need more flexibility to support members’
As the FCA closes its consultation on the advice-guidance boundary, there are calls for more work to be done to support pension scheme trustees.
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NewsReaction: DWP plans to free up DB scheme surpluses
Industry experts have tentatively welcomed the government’s proposals for making it easier to “extract” surpluses from DB schemes.
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NewsA new-look Pensions Regulator
TPR is transforming itself as it continues to adapt to the changing face of the UK pensions industry.
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NewsWhat can DB schemes do with funding surpluses?
Ahead of last week’s DWP consultation paper, Pensions Expert spoke to legal advisers to investigate the issues schemes face when dealing with funding surpluses.
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NewsStart work on social and nature risks now, TPR urges
Pension schemes need to integrate broader ESG reporting into core governance operations to “ensure they are fit for the future”.
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NewsWhat can schemes do to close the gender pension gap?
Fundamental changes in society are still needed but the pensions industry appears determined to help close the yawning gap between men and women’s retirement incomes.
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NewsCalls grow for long-term savings commission
A new report from People’s Partnership makes the case for a cross-party commission to advise on pensions policy.
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NewsPLSA reports sharp increase in cost of ‘moderate’ retirement
An update to the association’s Retirement Living Standards reflects the impact of the cost of living but also changing expectations of what people want from retirement.
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NewsWhat does Labour have in store for the pensions industry?
The Labour party last week set out its plans for reform of the financial services sector, including several proposals affecting pensions. We asked industry commentators for their views.
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NewsNo change: AE review raises more questions
The DWP has decided not to change the lower earnings limit for auto-enrolment, despite measures in last year’s pensions bill.
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NewsState pension age ‘must rise to 71’, research shows
New data from the International Longevity Centre suggests that the UK’s state pension age must increase at a far greater rate than currently planned.
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NewsTime for a long-term savings commission?
In the wake of the divisive 'pots for life' consultation, calls are emerging for an independent body to help advise the government on pensions and savings policy.
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NewsAvon Pension Fund brings forward its carbon net zero target by five years
The £5.4 billion fund provides pensions for 140,000 people.