All Regulation articles – Page 44
-
News
Sponsors facing perfect storm as furlough nears its end
Pension schemes and their sponsors face a potential perfect storm of costs as the furlough scheme reaches its endgame, with sponsors in some sectors of the economy facing acute pressure as government support dries up.
-
PodcastsPodcast: 'Crystal ball-gazing' makes ethical investment tough for trustees
Trustees aiming to make ethical investment decisions can find it tough to justify them without recourse to a crystal ball, as the legal requirements are ill-defined, says Irwin Mitchell’s pensions partner Penny Cogher. In this episode she’s joined by independent consultant and long-time pensions expert Malcolm McLean for a discussion covering capital-backed endgame deals, the complications of new insolvency laws, and some morally dubious LGPS investments.
-
News
FCA writes to 7,700 steelworkers and bans contingent charging
On the go: The Financial Conduct Authority is to write directly to 7,700 former members of the British Steel Pension Scheme to invite them to revisit the advice they received, while going ahead with a ban on contingent charging for defined benefit transfers.
-
News
Regulator repeats anti-scam warning after £5m lost to fraudsters
On the go: The Pensions Regulator has repeated its warning about scammers after a report revealed more than £5m has been lost to fraud since February.
-
News
Brunel achieves carbon intensity reduction target
Brunel Pension Partnership has achieved its target of reducing the carbon intensity of its active portfolio by 7 per cent a year in time for the UN’s World Environment Day, but smaller schemes saddled with pooled products may lack the clout required to emulate them.
-
NewsNissan proposes DB scheme closure as sponsor pressure mounts
Workers at Nissan’s manufacturing plant in Sunderland could be facing a cut to their benefits, with the carmaker proposing to close its defined benefit scheme, while experts said the Covid-19 pandemic could push more sponsors to follow suit.
-
OpinionMore than a number: what it means to be a professional trustee
Dalriada’s Greig McGuinness recounts his experience of accreditation as a professional trustee, and gives his thoughts on the responsibility to uphold the profession that comes with completing the process.
-
News
DB transfer market shows signs of recovery
On the go: The defined benefit transfer market is showing signs of recovery and is expected to grow further in the coming months, after a sharp decline in inquiries due to the Covid-19 crisis.
-
News
Chair’s statement template to ease trustee headaches
On the go: The Pensions and Lifetime Savings Association has released a new template designed to help trustees of well-run defined contribution schemes avoid being caught out by chair’s statement requirements.
-
OpinionTemplates help, but govt help is needed on chair’s statements
As the Pensions and Lifetime Savings Association releases templates to help trustees avoid pitfalls in defined contribution chair’s statements, George Currie appeals for greater regulatory flexibility in how punishments are dished out.
-
News
Regulator to issue new guidance on capital-backed endgame deals
The Pensions Regulator is to issue new guidance on defined benefit employers seeking to use third-party investors to back the cost of buyout, following the completion of a first-of-a-kind deal without the need for regulatory clearance last week.
-
News
PPF: DWP is ‘key’ for Bauer solution
On the go: The Pension Protection Fund hopes to use Department for Work and Pensions data to help it implement tricky increases required by the landmark Bauer judgment, according to Sara Protheroe, chief customer officer at the PPF.
-
OpinionDo asset-backed funding structures need an update?
It has now been more than a decade since Marks and Spencer implemented the first asset-backed funding structure, and some of the industry’s pioneering arrangements are showing their age, according to CMS’s Alex Nicklin and Rizwan Rahman.
-
News
Regulator warns on alternative funds for DC self-select
On the go: The Pensions Regulator has warned trustees of defined contribution schemes to check they are not “unintentionally breaching” pension legislation when moving member contributions due to gating in alternative asset funds.
-
News
After a fine innings at BW, McLean still wants to bat
A pension legend, Malcolm McLean has just stepped down as a senior consultant with Barnett Waddingham. He has received countless gongs, culminating in an OBE and two awards for outstanding achievement, but as a modest man he does not trumpet such fripperies.
-
News
Regulator warns employers exploiting Covid flexibilities
On the go: The chief executive of the Pensions Regulator has assured MPs that despite its decision to pause enforcement activities, it will make exceptions for employers who treat its intervention as anything other than a temporary cash flow aid.
-
News
‘Rule-taking’ TPR unable to further ease LGPS cash flow issues
On the go: The Pensions Regulator has cautioned local authority defined benefit schemes that it does not have the power to waive responsibilities such as collection of contributions, as some pension boards begin to worry about cash flows.
-
NewsBritish Airways resumes pension transfer activities
British Airways is to resume its pension transfer activities following a short suspension due to the impact of the coronavirus crisis, Pensions Expert can reveal.
-
News
Regulator rebuffs calls to abandon new DB code
On the go: The Pensions Regulator has dismissed calls from industry to halt its work on a new defined benefit funding code, arguing that the affordability principle it espouses is “even more important and relevant in the light of Covid-19”.
-
News
Regulator warns trustees to prioritise pension switches
On the go: The Pensions Regulator has urged trustees to prioritise pension switches and ensure they are completed in good time, in an attempt to ensure savers do not miss out during the Covid-19 pandemic.