All Regulation articles – Page 72
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OpinionWhat to expect from the forthcoming pensions bill
Since the Pensions Act 2004 there have been six acts of parliament dealing with pensions policy – and this does not include the various finance acts that have changed the pensions tax regime.
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News
HMRC buys more time on EU VAT issue
HM Revenue & Customs has delayed its guidance on alternative solutions for employers seeking to recover value added tax on defined benefit pension administration costs, prompting speculation that a decision will not be made until Brexit negotiations advance further.
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OpinionFCA has fundamental part to play in regulating workplace pensions
There are many risks in regulated pensions waters, say Pinsent Masons’ Tom Barton and Tobin Ashby, so how can trustees and employers navigate them?
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News
Scheme rules may block Treasury's advice allowance plans
The Treasury has opened a consultation on the introduction of a pensions advice allowance, which would allow members of defined contribution schemes to use up to £500 of their pot to pay for tax-free regulated financial advice.
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Opinion
Summer is passing, but the heat is rising...
Editorial: August is drawing to a close, and here at Pensions Expert we’re gearing up to return to our normal print schedule. We’ll be back in print from the September 5, and we won’t be short of things to write about.
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News
CPI and RPI gap at largest for five years as schemes eye law change
The retail price index and consumer price index were the farthest apart they have been for five years in last month’s inflation figures, prompting debate that legislation could level the playing field for schemes using RPI for benefit increases.
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News
Select committee seeks views on expanding regulator powers
The Work and Pensions Committee is to consider amending the powers of the Pensions Regulator and the make-up of the Pension Protection Fund as part of its ongoing inquiry into the Pension Protection Fund and the Pensions Regulator following the collapse of BHS.
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Features
Norcros moves to mastertrust in bid to improve governance
Bathroom and kitchen products company Norcros is transferring its money purchase section to a mastertrust arrangement to provide "more focused governance" and greater flexibility.
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News
New DC code of practice: Greater clarity, but niggles remain
The Pensions Regulator this week published its new defined contribution code of practice, clarifying its position on a number of issues, but experts still had questions about its criteria for assessing value for scheme members.
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Opinion
Pensions Ombudsman set to cast interventional net wider
From the blog: Last week the Pensions Ombudsman said the agency would begin taking a more proactive approach to interventions, especially in appeals that can have broader implications for the pensions industry – a departure from its previously more placatory tone.
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NewsUnite plans strike ballot as Post Office mulls scheme closure
Unite, the union, is seeking a mandate for strike action from its members who work for the Post Office following proposals to close the defined benefit scheme to accrual.
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News
Regulator’s annual statement omits Brexit implications
The Pension Regulator’s 2015-2016 annual statement has pinpointed the main changes and risks the UK pension industry faces, but has not taken into account recent economic turmoil and its effect on the pensions landscape, industry experts have said.
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News
DB taskforce encourages credit innovation to tackle deficits
Finding solutions to the defined benefit funding crisis will require the pensions industry to “challenge conventional thinking”, the chair of the Pensions and Lifetime Savings Association’s new DB taskforce has said.
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FeaturesFinal date set for Box Clever trustee and ITV showdown
Trustees of the Box Clever Pension Scheme and ITV were back in court last week, in the latest round of a four-year legal battle to force the broadcasting giant to help make good the fund’s £90m deficit.
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News
Finalised IORP II may not make it to UK after Brexit vote
A provisional final text of the EU’s revised Institutions for Occupational Retirement Provision directive was published last week, as the UK’s presumed exit from the bloc cast doubt over its implementation.
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News
Experts eye hedging and CPI as UK DB deficit up £170bn in weeks
UK defined benefit pension deficits grew by £170bn over seven weeks in the run-up to the EU referendum, jumping to £900bn as market volatility following the result put further strain on funding positions.
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OpinionBlocking out the noise
We’re all sick of hearing about it at this point, but there’s no getting away. This week marks one of the most important elections in the history of modern Britain: the EU referendum.
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News
Queen's speech promises mastertrust regulation
Long-anticipated mastertrust legislation was announced in the Queen's speech this week, providing protection for consumers and increased powers for the Pensions Regulator, but details are still sparse.
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OpinionScams: What trustees can do to avoid members becoming victims
Trustees are, in fact, indirect victims of scams, so action to protect members is more often than not action that also helps themselves.
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NewsCentrica commits £300m to unleveraged infrastructure equity
Unleveraged infrastructure is a growing part of Centrica Pension Scheme’s portfolio as the fund seeks to access long-term, stable cash flows, but others warn about the regulatory risk associated with the asset class.