All Regulation articles – Page 69
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Features
John Menzies signs MoU ahead of sectionalisation
A memorandum of understanding has been signed by John Menzies and trustees of its pension scheme as it has closed the scheme and plans to begin a sectionalisation process, but experts have highlighted that this sort of agreement is rarely legally binding.
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News
Lawyer survey highlights lack of clearance sought from regulator
Just 21 per cent of pensions and restructuring lawyers normally suggest that clients go through the Pensions Regulator’s clearing process, reflecting a similar decrease in clearance applications submitted.
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NewsArcadia agrees shorter recovery plans as Green feels pressure
Arcadia Group has agreed to increase its scheduled contributions to its two pension schemes, a sign that public pressure and 'naming and shaming' may be having some impact.
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News
TPR guidance: Welcome set of principles or waste of time?
While some have welcomed the Pensions Regulator’s recently published and extensive collection of investment guidance for those running defined benefit pension schemes, there are some concerns over the effectiveness of the information for time-stretched or less diligent trustees.
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NewsHow would Scottish independence impact schemes?
Scotland's first minister Nicola Sturgeon will seek a second referendum on Scottish independence, to be held by spring of 2019, triggering concerns about the challenges a Yes vote would pose to UK pensions.
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FeaturesMore pensioners to be offered Pie at Metal Box
The Metal Box Pension Scheme is planning to offer a pension increase exchange to more pensioner members this year, having offered one to some members in 2015.
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NewsPLSA ‘superfunds’ solution gets lukewarm reception
The Pensions and Lifetime Savings Association is calling on the government to facilitate consolidation while creating a regulatory framework for the creation of superfunds, but the proposal has seen a muted response.
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News
Government to appeal ruling on discrimination
The government is set to appeal the employment tribunal’s recent verdict that more than 200 judges suffered discrimination as a result of pension changes. Meanwhile, the Fire Brigades Union is planning to challenge the result of a similar discrimination case, which it lost this year.
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OpinionWill M&As change in the post-BHS era?
The collapse of BHS saw another household name disappear from the high street. The headlines about pensioners having their pensions cut back caused a public and political outcry.
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News
Regulatory risk seen as main challenge for infra investors
Pension funds across the world face a wide range of issues when it comes to investing in infrastructure, but for some, political risk and lack of supply are the biggest barriers.
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News
'Greenest of green papers' explores DB sustainability options but lacks urgency
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.
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OpinionHow will lifting the restrictions on Nest impact the mastertrust market?
Lifting restrictions on transfers and contributions will hit newer mastertrusts but can also serve as a catalyst for innovation, argues SEI’s David Snowdon.
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News
FCA market study: All-in fee might not be all-in cure
The consultation stage of the Financial Conduct Authority’s market review of the asset management industry closed last week, with experts welcoming the boost to transparency but remaining reticent over proposals for an all-in fee structure.
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OpinionThe role of advice in a digital world
The way financial advice is provided is developing but consumers still need protection, says the Financial Conduct Authority’s David Geale.
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News
Greater flexibility needed to cope with growing longevity
The Department for Work and Pensions has called on employers to facilitate working at an older age so over-50s benefit from the same opportunities as their younger counterparts.
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OpinionAre the select committee’s DB recommendations workable?
From the blog: The Work and Pension Committee’s DB report is exceptionally well written, but are any of its main recommendations actually workable?
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NewsTrustees told to focus less on market volatility
From Brexit to Trump, the political events of 2016 added to market uncertainty throughout the year, but trustees should take care not to be too fixated on volatility.
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News
Concerns over Lisa mis-selling remain as consultation closes
The Financial Conduct Authority’s consultation on rules for selling lifetime Isas will close on Wednesday, amid continued industry concern that the draft regulation will not do enough to stop inappropriate choice of products.
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OpinionCourts, regulators and judicial reviews
From the blog: The threat of judicial review is ever-present for regulators, and this is as true in the pensions sphere as in any other. Inevitably those subject to regulation will be concerned to ensure that decisions made by their regulator are procedurally fair, proportionate, rational and consistent.
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NewsGovernment urged to pick up the pieces of failing mastertrusts
The mastertrust legislation horse is being put before the cart now that the pension schemes bill has reached the House of Commons, as the debate is shifting to who will be the 'funder of last resort'.