All Regulation articles – Page 73
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OpinionWhat does Iain Duncan Smith's resignation mean for pensions?
There was a big upset in Westminster over the weekend as former secretary of state for work and pensions Iain Duncan Smith resigned in protest over the chancellor’s latest round of benefit cuts.
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Opinion
How will Emir shape the way schemes use LDI?
Roundtable: Pension schemes have been granted a transitional exemption from having to centrally clear derivatives – a rule contained in the European Market Infrastructure Regulation – but the exemption will end in August 2017. How will schemes be affected and how are they preparing? In the third part of this roundtable series, Bestrustees’ Huw Evans, HR Trustees’ Giles Payne, Aviva Investors’ Rakesh Girdharlal, KPMG’s Simeon Willis, Cambridge Associates’ Benoît Jacquemont and P-Solve Asset Solutions’ Barbara Saunders discuss what the new requirement will mean for schemes.
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OpinionHow to prepare for legal and regulatory change
The pensions industry has undergone substantial legislative upheaval in recent years. DLA Piper’s Max Ballad outlines what trustees should be aware of and what their responsibilities actually are in the event of change.
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OpinionBuchanan: Government should close legal gaps to stop scammers
The Society of Pension Professionals’ Duncan Buchanan hopes the government will update pensions regulation as promised to ensure scammers are prevented from creating fraudulent schemes that trick the public out of their hard-earned savings.
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OpinionEurope and pensions – where things are headed in the next three years
Matthew Connell from insurance company Zurich says not even pensions products can avoid the legislative pull of the European Union, whether the UK stays or goes.
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News
Larger mastertrusts welcome imminent regulation
Providers have welcomed plans to increase regulation of mastertrusts, as the government reveals it intends to bring in legislation for the arrangements “as soon as practically possible”.
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NewsNHS cash for pensions offer could open loophole
An NHS trust has come under scrutiny for offering nurses cash to opt out of the pension scheme, which experts have said could lead to other employers copying the move.
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Features
Weathering the storm: How to tackle scheme closure
Analysis: Defined benefit scheme closures present significant challenges to all parties involved, but how can sponsors ensure they engage their workforce in meaningful consultation?
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News
Strong covenants offer schemes more slack on investment risk
Schemes with strong employer covenants could find it easier to take on more investment risk, experts have said, in light of the Pensions Regulator’s increased focus on integrated risk management.
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Opinion
Tax, cyber crime and covenant guidance: what to look out for in 2016
The pensions industry has had to deal with changes across many fronts in the recent past. 2015 was no exception, bringing proposals for Local Government Pension Scheme pooling, the introduction of freedom and choice and the beginning of re-enrolment.
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OpinionPensions Regulator: Our expectations of DC trustees
Talking Head: The Pensions Regulator’s chief executive Lesley Titcomb outlines what is expected from defined contribution trustees and how they can influence the new DC code of practice.
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News
Just over half of LGPS have procedures for legal breaches
A little over half of public sector pension schemes have procedures set up to handle breaches of law, but experts have said scheme governance is improving markedly among local government pension schemes.
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OpinionRisk of retrospective fury
Editorial: The pension items touched on in Wednesday’s Autumn Statement may not have been as tectonic as the industry has become accustomed to in recent years, but it was further confirmation – if ever it was needed – that a break from ‘progress’ is not on the cards.
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News
Knowledge sets the bar in regulator's draft DC code
The Pensions Regulator is basing its leaner draft code of practice for trustees of defined contribution schemes on 'knowledge and understanding' requirements, which will mark out those in need of further training.
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News
Shared pain, shared gain: Will risk-sharing get its day in the sun?
News Analysis: Collective defined contribution schemes have been put on ice by the pensions minister though the idea could come back on the agenda in the future. But are UK employers ready for risk-sharing?
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OpinionInfrastructure opportunity too good to ignore
From the blog: Infrastructure debt is gaining recognition as an asset class that can offer pension schemes stable income-oriented returns over long-term horizons, but accessing this opportunity isn’t always straightforward.
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OpinionIncentivising savings – or reducing tax reliefs?
There is still no certainty about the future tax treatment of pensions. The Society of Pension Professionals’ president Duncan Buchanan explains why we might just end up with the system we have got.
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Opinion
Altmann: Government needs your help to revise charging model
Talking Head: As pensions minister, I am acutely conscious that the government can have an important role in encouraging people to plan for later and giving people the opportunity to maintain a decent standard of living in retirement.
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OpinionWhy MiFID II could be a good thing for pensions
From the blog: Most rules handed down from Europe are treated with distrust, and the forthcoming markets in financial instruments directive – or MiFID II – legislation is no exception.
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News
Do trust and contract-based plans require separate regulation?
Analysis: Defined contribution schemes are regulated by two separate bodies, each of which works better in certain scenarios, a Pensions Policy Institute report has found. But the debate continues on whether a single watchdog would improve the current regime.