All Regulation articles – Page 65
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News
Now Pensions fined £70k for admin failings
The Pensions Regulator has fined the trustee and trust manager of Now Pensions in relation to persistent administration failures, and has given the embattled mastertrust until July to fix all of its issues.
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OpinionFire, fury and GDPR
From the blog: Hell hath no fury like a lawyer or auditor scorned. The General Data Protection Regulation has unfortunately put the pensions industry in that dangerous position where we have to run a gauntlet, deciding how seriously to take the dire warnings of these two professional communities.
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News
High Court set to hear objections to Barclays pension plans
The High Court will hear objections to Barclays’ decision to back its pension scheme with its non-ringfenced investment bank, reports the Financial Times.
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News
Committees question Santander, FSB and Carillion shareholders
Both the Work and Pensions Committee and Business, Energy and Industrial Strategy Committee have written to the Federation of Small Businesses, HM Revenue & Customs and major shareholders in Carillion to try to get a better idea of operations at the construction outsourcing company.
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News
Box Clever trustees under scrutiny for scheme setup decisions
The trustees of failed TV rental business Box Clever’s defined benefit pension scheme have come under scrutiny for their decisions involving the fund’s setup, as part of an Upper Tribunal hearing on the company’s collapse.
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NewsMPs accuse Carillion of trying to 'wriggle out' of pension obligations
The Work and Pensions Committee has accused Carillion of trying to “wriggle out” of its pension obligations for the past decade, amid calls for stronger laws to prevent future scandals.
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NewsCommons debates default guidance in second reading of bill
The House of Commons debated the feasibility of default guidance and the future of private sector pensions during the second reading of the financial guidance and claims bill on Monday.
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NewsMay's promise to protect pensions lacks concrete solutions
Theresa May has pledged to stop executives who try to “line their own pockets” by putting pension schemes at risk, but questions over resourcing and legislative issues remain.
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OpinionThe year ahead for the Pensions Regulator
Lesley Titcomb sets out the Pensions Regulator’s priorities for 2018.
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NewsSouthampton uni's DB closure proposal poorly timed, experts say
The University of Southampton is consulting on the closure of its defined benefit scheme for non-academic staff, a move experts have said is not well timed given current scrutiny of senior pay packages at universities.
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News
Field probes administrator on Palmer & Harvey pension situation
The select committee has written to the administrators of collapsed wholesaler Palmer & Harvey, with a series of questions about the company’s finances and operations, and the position that leaves the pension fund in.
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News
Chappell found guilty for failing to provide information to regulator
Former BHS owner Dominic Chappell has been convicted of failing to provide information that the Pensions Regulator had asked him to supply as part of its investigation into the sale and subsequent collapse of the retailer.
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OpinionHow to ensure your MNT selection process is right for your scheme
There is no one-size-fits-all approach to selecting member-nominated trustees, says Ruth Bamforth at Walker Morris.
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OpinionIs it time for another regulatory overhaul?
The transfer advice given to some British Steel Pension Scheme members was the most serious regulatory failure for nearly 30 years, says Tim Middleton from the Pensions Management Institute.
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News
TPR gets stronger, the government weaker: Top 5 law and regulation stories from 2017
Year in review: If the UK government’s all-consuming struggle to strike a beneficial Brexit deal can bring any relief to pensions professionals, it is that departments have not had time for the pensions tinkering so despised by the industry.
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NewsBritish Steel saga raises questions on advice market and transfers
News analysis: Steelworker Rich Caddy has regrets about his choice to transfer out of the British Steel Pension Scheme.
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News
Professional trustees told to 'comply or explain' in draft standards
The industry-led Professional Trustee Standards Working Group has drawn up a set of draft standards for professional trustees imposing a "comply or explain" regime, but some say it is lacking in clarity.
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OpinionHow to get a good deal from your TPA
Pension schemes exist with the sole purpose of providing members with the right pension at the right time. The administration provider is key to fulfilling this purpose and ensuring a positive member experience, writes Dalriada’s Adrian Kennett.
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FeaturesMNOPF steers towards buy-in and DC merger
As derisking plans accelerate and sponsors seek to reduce the volatility of defined benefit scheme deficits, buy-ins are becoming increasingly attractive.
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News
New regime could reduce number of mastertrusts by a third
The government has set out draft regulations for defined contribution mastertrusts, estimating that the rules will cut the number of mastertrusts to about 56 from currently 87.