All Regulation articles – Page 71
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News
Draft Lisa rules attempt to prevent AE opt-outs
Providers of the lifetime Isa should warn savers that substituting their pension for the product will mean they lose out on employer contributions, draft rules published by the Financial Conduct Authority have proposed.
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NewsEarly exit charge cap attracts criticism and praise
Both the government and the Financial Conduct Authority have confirmed plans to introduce caps on early exit pension charges, but authorities should take care not to actively encourage early decumulation, experts say.
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News
HMRC system changes ‘not catching anyone unawares’
HMRC is making software changes as part of ongoing plans to ensure its systems are up to date, but as long as pension administrators making pay-as-you-earn or pension scheme returns are prepared, they should not be too concerned, experts have said.
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FeaturesRexam reduces membership through commutation exercise
The Rexam Pension Plan has carried out a trivial commutation exercise, contributing towards a reduction in total membership as defined benefit schemes are trying to reduce costs.
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News
'Rules lottery' continues after Court of Appeal's RPI/CPI judgment
Trustees of the Barnardo Staff Pension Scheme will not be allowed to provide indexation of benefits in line with the consumer price index, according to a Court of Appeal decision earlier this week.
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News
TPR launches enforcement action over BHS scheme
The Pensions Regulator has launched enforcement action against former BHS owners Sir Philip Green and Dominic Chappell in an effort to shore up financial support for the company's troubled pension scheme.
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NewsWill tribunal judgment force Uber to auto-enrol its drivers?
Two Uber drivers have been deemed workers who are employed by the taxi app, in a tribunal judgment released last week that could set a precedent for the auto-enrolment of gig economy workers.
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News
TPR uses powers to stamp out non-compliance and avoidance issues
The Pensions Regulator has continued to demonstrate its tougher approach by fining trustees for non-compliance.
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NewsCBI requests reforms to ease DB burden on businesses
The Confederation of British Industry has called for a number of reforms to help tackle the problem of pension costs for companies, including access to illiquid assets and approaches to measuring deficits.
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OpinionThe interview: Lesley Titcomb, chief executive of TPR
In an interview with Pensions Expert, chief executive of the Pensions Regulator Lesley Titcomb gives her views on why the regulator needs greater powers, where scheme consolidation makes most sense, and why the debate around defined benefit should not be had in isolation.
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News
Pensions bill boosts mastertrust governance
Mastertrusts will be subject to new restrictions on governance and financial stability, along with penalties for failure to supply adequate information, under rules set out in the pension schemes bill yesterday.
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FeaturesEdinburgh University proposes raft of changes to plug scheme deficit
The University of Edinburgh has proposed a number of changes to its defined benefit pension fund to make the scheme more affordable and sustainable, as its deficit has risen by a quarter.
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News
TPR and PPF call for muscular regulation
Both the Pensions Regulator and the Pension Protection Fund have called for more wide-ranging, interventionist regulation of defined benefit schemes, evidence published by the Work and Pensions Committee has this week shown.
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News
Nest drawdown proposals: Competitors fear disruption
The dust has settled on government's call for evidence on the expansion of Nest into the drawdown market, but it seems the war of words between industry professionals is far from over.
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News
DC schemes drown in regulatory change and jargon
Trustees of occupational defined contribution pension schemes are increasingly failing to meet governance requirements due to excessive regulatory change, a panel of industry figures has said.
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Features
DWP silence on GMPs blocks Smiths implementation
Two UK defined benefit schemes operated by technology company Smiths Group have said they will implement guaranteed minimum pension equalisation but need further clarification from the Department for Work and Pensions to do so.
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Opinion
Select committee rhetoric sees indexation changes creep closer
From the blog: The international day of the older person might not have been as riotous as usual when it took place this Saturday, as private sector pension increases looked more under threat than ever.
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News
Advice requirement rules could spell end to consumer confusion
The Department for Work and Pensions last week issued a consultation on draft regulations aimed at simplifying the way safeguarded flexible benefits are valued in relation to the freedom and choice advice requirement.
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News
Select committee inquiry: What should change to safeguard DB?
As the deadline for submitting views on defined benefit to the Work and Pensions Committee has passed, experts say there is a need for greater flexibility, potential benefit reductions and increased powers for the Pensions Regulator.
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NewsLGPS guidance opens doors for both investment and intervention
Local government pension schemes will enjoy greater flexibility with their investment arrangements, guidance on forthcoming regulation indicates, but concerns remain about the scope for government intervention.