All Regulation articles – Page 56
-
NewsCharity blames insolvency on pension costs and local govt rules
A charity in Northern Ireland has announced it is closing this month, citing pension costs and a lack of flexibility in the region's local government scheme as the reason behind its insolvency.
-
OpinionDB recklessness offence could catch worst employers
Just what is wilful or reckless behaviour in relation to a pension scheme? That is the test at the heart of a new crime proposed in the Conservative party’s 2017 election manifesto and confirmed in a government response last month.
-
PodcastsPodcast: How to select the right master trust
Podcast: Master trusts have until the end of March to complete their applications to the Pensions Regulator for authorisation. In this PE podcast episode, Ian McQuade, director at Muse Advisory, discusses master trust selection and how the watchdog’s authorisation and supervision regime will change the market.
-
News
National Pension Trust files for authorisation days before deadline
On the go: With just days to go before the deadline of March 31, the National Pension Trust has submitted its application to The Pensions Regulator for master trust authorisation.
-
OpinionKeep in mind the member impact of pension changes
There is a danger that we in the industry focus on numbers and theory when discussing the latest pension trends – for those not on the frontline dealing with members it can be all too easy to miss the human impact of decisions made by trustees, sponsors, advisers, providers and government.
-
PodcastsPodcast: Improving the quality of professional trustees
Podcast: Last month, the Professional Trustee Standards Working Group published a set of new standards, which all professional trustees will be expected to meet. The group is also due to launch an associated accreditation framework later this year. In this episode of the PE podcast, Rachel Croft, director at Independent Trustee Services, explains what these new standards mean for schemes, how they will improve professional trustee quality, and whether increasing professionalisation and rising workloads could lead to the extinction of the lay trustee.
-
News
SEI seeks master trust authorisation just weeks before the deadline
On the go: With just weeks to go before the final deadline of March 31, SEI is the latest trust to reveal that it has applied for authorisation of its SEI Master Trust.
-
News
Regulator turns focus to DB sponsors’ long-term plans
Trustees and sponsors of defined benefit pension schemes will have to recognise a long-term funding target for their plans, under guidance set out on Tuesday by the Pensions Regulator.
-
News
Professional trustee standards created to encourage better practices
The introduction of formal standards for professional trustees has been welcomed as a vital step in improving scheme governance, but concerns remain over whether the framework is robust enough.
-
Features
Metal Box members headed for master trust under DB closure plans
Members of the Metal Box Pension Scheme are set to move to a defined contribution master trust under company proposals to close the defined benefit scheme to future accrual and replace the current DC section.
-
NewsTrustees not responsible for bad IFA transfer work, scheme professionals say
Advisers to pension schemes have hit out at proposals that British Steel Pension Scheme should award discretionary payouts to members who mistakenly left the plan, saying it shifts the blame for bad financial advice on to trustees.
-
News
PTSWG publishes new set of standards for professional trustees
On the go: Professional trustees will soon have to pass an initial application process to hold accreditation, and will have to demonstrate that they meet a new set of standards published today by the industry-led Professional Trustee Standards Working Group.
-
News
LifeSight first master trust to gain TPR authorisation
On the go: Willis Towers Watson’s LifeSight is the first master trust to gain authorisation, the Pensions Regulator confirmed on Wednesday.
-
News
Significant decrease in number of AE compliance notices issued
On the go: The number of auto-enrolment compliance notices issued by the Pensions Regulator reduced substantially during the final two quarters of 2018.
-
News
'Fraudster families' running pension scams worth millions of pounds
On the go: Organised crime groups led by families or married couples are running multimillion-pound pension scams, according to the Pensions Regulator.
-
News
New criminal sanctions could be difficult to enforce, experts say
The government has said that it plans to go ahead with proposals for new criminal offences to prevent and penalise mismanagement of pension schemes, but enforcing these sanctions may prove challenging, experts say.
-
News
IGC reports are ‘vague’ and lacking information, says Labour MP
The effectiveness of independent governance committees has come under the spotlight in the Work & Pensions Committee’s hearing on pension costs and transparency inquiry, with the bodies blasted for lacking information.
-
News
Court fines Mansoor Nasir £5,000 for workplace pension lies
One the go: Bradford-based accounts manager Mansoor Nasir, who tried to hide the fact that restaurants had not given their staff workplace pensions, has been fined £5,000.
-
News
Insurers brace themselves for DB superfund disruption
Insurers are bracing themselves for disruption by superfunds, but their desire and capability to establish their own defined benefit consolidation vehicles remains unclear.
-
News
TPR confirms Now Pensions admin crisis largely over
On the go: The Pensions Regulator has confirmed today that Now Pensions has overhauled its administration system.