All Regulation articles – Page 75
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News
Regulator fleshes out compliance approach to public sector
The Pensions Regulator has released details of its compliance and enforcement policy for public service schemes, after taking on oversight of more than 200 plans from April.
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News
Regulator issues third contribution notice for CWL fund
The Pensions Regulator has issued a contribution notice to an individual in relation to the Carrington Wire pension scheme, but experts warn the amounts recouped will not match the benefits previously promised to members.
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OpinionHow seriously is your scheme taking a possible Brexit?
Any Other Business: The Bank of England last week came under scrutiny after details were leaked of a secret study on the financial impact of a decision to leave the European Union.
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News
Retirement adequacy slips down DC agendas
DC consultants have called for a refocus on retirement adequacy as new figures show two-thirds of employers prioritise compliance requirements over traditional benefit drivers.
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NewsOlympic Airlines judgment prompts calls for slack in PPF rules
The Supreme Court this week ruled against trustees of the Olympic Airlines SA Pension Scheme’s claim for greater Pension Protection Fund compensation, but lawyers are calling for a loosening of insolvency criteria for entry into the lifeboat.
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News
LGPS funds feel the pressure as local pension boards get off the ground
Public sector pension funds are under pressure to compile their pension boards ahead of the August 1 deadline, but some report being “stretched” by the wait for guidance on the reform.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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OpinionLooking through the lens of the regulatory telescope
Following last week's update to the Pensions Regulator's three-year corporate plan, here is a brief stock-take of what the world appears to look like through the lens of the regulatory telescope.
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News
Schemes risk regulatory intervention as AE non-compliance to rise
Compliance notices issued to auto-enrolling schemes will rise, the Pensions Regulator has said, as the watchdog detailed its new three-year strategy within a revised lower budget.
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News
Recycled annuities could offer income for DB, but buyer beware
Alongside Wednesday’s Budget, the government will launch a consultation on the viability of a secondary market to allow pensioners to cash in their annuities, but questions remain over who would buy them.
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News
FCA chief: everybody has a role to play in achieving good outcomes
NAPF Investment Conference 2015: The chief executive of the Financial Conduct Authority has warned about the importance of delivering the pensions reforms to overcome “one of the defining challenges of our age”.
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Opinion
Finding the right ratio of stick to carrot in pensions regulation
It is an oft-repeated but welcome mantra from the Pensions Regulator that its approach to regulation is based firmly around “educate, enable and enforce”.
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Opinion
Is Webb’s cashing-in annuities plan a blessing or curse for savers?
Pensions minister Steve Webb recently called for retirees to be able to cash in or swap annuity providers in much the same way homeowners can currently switch their mortgage rate.
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Opinion
NAPF: There are still too many unknowns on pension ‘freedoms’
The NAPF’s Graham Vidler sounds the alarm about the continuing lack of detail on how the reforms will work, including the ‘second line of defence’ and retirement risk warnings.
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Opinion
Segars: Keeping up the pressure in Europe has paid off
The last thing I saw before penning this blog was a rather downbeat commentary on Britain’s influence in the European Union.
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OpinionEditorial: Adding pages to the rulebook
"Clearer, perhaps tougher... governance is not automatically more effective," wrote Richard Butcher in last week's Informed Comment. Bad decisions can still be made within a decent structure.
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News
Schemes win extended reprieve from European OTC clearing rules
The European Commission has recommended schemes be given a two-year reprieve from over-the-counter derivative clearing requirements. But industry experts still expect pension funds to end up paying higher transaction costs.
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Opinion
Decoding HMRC’s reading of the VAT verdict
Hogan Lovells’ Katharine Howe explains why HMRC’s guidance on VAT, following important European court rulings, spells good news for DC schemes but bad news for DB.
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News
What the regulator's £8.5m Carrington Wire deal means for your scheme
The Pensions Regulator has settled with two linked Russian companies for £8.5m over their UK pension fund obligations, prompting calls for trustees to re-examine covenant agreements.
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Opinion
McClymont: Why IGCs are missing the I and G
There is nothing more important than good governance to ensure value-for-money workplace pensions. Without robust governance in the interest of savers, the success of auto-enrolment is not a sure thing.