All Regulation articles – Page 77
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Features
Scheme managers raise doubts on joint LGPS governance boards
Local authority schemes have raised concerns over whether incoming pensions boards can be combined with their existing section 101 committees, one of the options in the government’s consultation on governance in the Local Government Pension Scheme.
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Opinion
Time is running short. Regulators must provide detail on how to implement DC reform
It is difficult to recall a time when defined contribution pensions in the UK had to cope with more regulatory change.
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Opinion
Could IORP II be the end of the road for lay trustees?
One of the main issues lay trustees face at present is not how we cope with regulatory requirements. Rather it is whether increased regulation could actually spell the end for lay trustees altogether.
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News
Covenant-lite market expands as small schemes digest DB code
Small and medium-sized employers’ pension schemes are finding greater access to pared-down, lower-cost covenant assessments following the Pensions Regulator’s revised defined benefit code of practice, which has increased focus on employer strength.
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OpinionEditorial: You're right from your side
One in seven trustees doesn't sound like a lot. But when you think that could be one person on every pension scheme board, the proportion starts to feel a bit more tangible.
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Opinion
Checking the price tag: evaluating the charges obsession
Data analysis: The Budget reforms signal an age of greater plurality in retirement possibilities for members.
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News
Fifth of smaller employers failing to prepare for AE
One in five small businesses are not currently preparing for auto-enrolment, research has shown, as concern grows around smaller employers’ ability to comply with the legislation.
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News
Collective schemes to be enforced by valuation and reporting framework
Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.
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News
Transfer industry: pot-follows-member transfers can cost just £1
Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.
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News
PPF assesses out-of-cycle valuations for schemes affected by 'money purchase' definition
The Pension Protection Fund launched a consultation last week to assess the material change in risk to the lifeboat brought about by the changes to the definition of money purchase benefits, which will come into force later this year.
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Opinion
Regulator: Where DC schemes are failing legal minimum
Retirement savers rightly expect that the money they have put away for later in life will be carefully managed by competent people with their best interests at heart.
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News
Schemes face LDI rethink to meet Emir collateral demands
Industry experts have warned that schemes using liability-driven investment strategies may face higher costs and additional risks when the European Market Infrastructure Regulation’s collateral diversity requirements come into force.
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Features
Mastertrusts call for governance standards to be made mandatory
Two of the country's largest mastertrusts have called for a legal standard to raise the barriers to entry for providers, as the industry evaluates the Pensions Regulator's assurance framework.
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Opinion
The regulator's anti-avoidance powers have not held corporate activity hostage
Since the Pensions Regulator’s anti-avoidance powers were established in 2004, some industry commentators have predicted the dawn of a new aggressive pensions regulatory regime.
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Opinion
NAPF: Top of the DB regulatory agenda
Earlier this year, four in five respondents (81 per cent) to NAPF member research agreed they expect the volume of regulatory change to affect pension schemes’ capacity and ability to provide optimum services to scheme members.
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News
Scheme costs to ratchet up under IORP II revision
Trustees and schemes will face substantial administrative burden after the European Commission announced revisions to its incoming pension fund directive, including a requirement to continually evaluate environmental risk, which have been deemed “too prescriptive” by experts.
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News
The Cut – How today's IORP II revision affects your scheme
The European Commission has today proposed revisions to the IORP II directive which will introduce new governance requirements, encourage investment in long-term assets and require cross-border schemes to be fully funded.
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Opinion
Regulator: our call to AE action
Drawing all sorts of football/pensions analogies proved irresistible last week, when the Department for Work and Pensions and the Pensions Regulator announced that the three millionth worker to be auto-enrolled was an employee of West Ham United.
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News
Civil partner rule uncertainty poses questions for trustees
Schemes may want to consider holding off adjusting their spousal benefits, after a tribunal overturned a previous ruling that deemed entitlements should take into account membership pre-dating the Civil Partnership Act 2004.
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NewsDerivatives regulation leaves schemes liable for manager reporting
News analysis: Trustees could be found liable for their investment managers not reporting derivative trades under extended derivatives regulation, with legal experts recommending reviewing contracts to hard-code duties.