All The Pensions Regulator (TPR) articles – Page 12
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NewsTrustees demand protection for schemes as McColl’s collapses
On the go: The trustee of the two defined benefit schemes sponsored by retailer McColl’s has called for the link with the sponsor company to be respected after administrators were appointed to oversee the fallout from the retailer’s collapse.
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NewsTPR in-person visits return after lifting of Covid-19 rules
On the go: The Pensions Regulator has said it is carrying out in-person spot checks on employers in a compliance push that has been enabled by the relaxation of coronavirus restrictions earlier this year.
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NewsTPR aims for transparency in consolidated enforcement powers
The Pensions Regulator has launched a consultation into a new draft enforcement policy document that aims to consolidate existing enforcement policies governing defined benefit, hybrid, public sector and defined contribution pension schemes.
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NewsTPR has used AE powers more than 500,000 times since 2012
On the go: The Pensions Regulator has used its enforced powers on automatic enrolment compliance on more than 500,000 occasions since July 2012, it has revealed.
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NewsTPR: Smaller scheme trustees can do more
Some trustees at smaller pension schemes need to raise their game in areas like governance, David Fairs, the Pensions Regulator’s executive director of regulatory policy, has said.
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OpinionNew DB funding code should focus on transparency
The Pensions Regulator recently delayed its new code of practice on defined benefit scheme funding. It initially consulted with the industry in 2020 on the principles that should underpin the new code — a second consultation on the draft code is expected in late summer.
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NewsTimms backs members amid ‘slow’ Norton resolution
Stephen Timms, chair of the Work and Pensions Committee, has written to the Pensions Regulator to describe the “frustratingly slow” process facing members of the schemes of which funds were invested in Norton Motorcycles, as well as complaints about communications from the trustee, Dalriada.
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NewsTPR funding statement flags uncertainty impact for valuations
High levels of uncertainty surrounding inflation, interest rates, mortality, energy prices and economic growth will put additional pressure on trustees completing their tranche 17 valuations this year, according to the Pensions Regulator’s annual funding statement.
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NewsTPR to issue fresh dashboards guidance in May
The Pensions Regulator will publish new guidance on pensions dashboards to support trustees and scheme managers in early May, it has revealed.
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NewsContribution notice of £3.6mn hints at ‘new era’ of TPR powers
Legal commentators have hailed what could be the start of a “new era” in the Pensions Regulator’s enforcement powers after its determinations panel handed down a contribution notice for more than £3mn to two individuals connected with the Meghraj Group Pensions Scheme.
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NewsMPs press water scheme over surplus transfer to sponsor
Stephen Timms, chair of the Work and Pensions Committee, has asked the £710mn Water Companies Pension Scheme to explain the transfer of the Bristol Water section’s surplus over to its sponsor.
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NewsFraudsters jailed for a total of 10 years after £13.7mn pension scam
Alan Barratt and Susan Dalton, part of a scam which tricked more than 200 savers into transferring their pension pots into fraudulent schemes they controlled, have been jailed for a total of 10 years.
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NewsPodcast: ‘Pot follows member’ legislation needed to solve small pots problem
Podcast: Industry consensus is needed to support a ‘pot follows member’ solution to the small pots problem, with previous attempts to solve it having failed, says Henry Tapper, executive chair of AgeWage. He is joined by Tom McPhail, director of public affairs at the Lang Cat, to discuss small pots, commercial consolidators, and more McCloud woe for the Local Government Pension Scheme.
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OpinionTPR: The Green Cross Code man
The Pensions Regulator, together with the Financial Conduct Authority and the Money and Pensions Service, has issued a warning to members of P&O’s defined benefit pension schemes.
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NewsClara-Pensions plans Q3 deal after regulatory approval
Clara-Pensions is planning to announce its first transaction in the third quarter of this year, as founder and outgoing chief executive Adam Saron details the types of pension schemes that are likely to find value in the defined benefit consolidator’s business model.
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NewsRegulators warn P&O staff over DB pension transfers
On the go: Regulators have warned current and former employees of P&O Ferries “not to make any quick decisions” with their defined benefit pension following mass redundancies.
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NewsPLSA calls for 12-month dashboards grace period from regulators
On the go: The Pensions and Lifetime Savings Association has appealed for “a degree of latitude” from regulators in the months after the pensions dashboards are introduced.
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NewsAppeals made as foreign exchange class action proceeds on opt-in basis
The Competition Appeal Tribunal has ruled that a class action suit against banks for participating in a foreign exchange spot trading cartel must proceed on an opt-in basis, leading to fears that thousands of pension funds could miss their opportunity to join the suit.
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NewsEx-Norton owner given suspended sentence over missing pensions
Stuart Garner, former owner of Norton Motorcycles, has been given a suspended sentence, after pleading guilty to illegally investing pension scheme money in his failing company.
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NewsTPR issues penalty over ‘inappropriate’ management buyout
On the go: The Pensions Regulator issued a £2mn compliance notice against a former pension scheme sponsor last year after a management buyout left it unable to support its scheme.