All The Pensions Regulator (TPR) articles – Page 19
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NewsTPR’s chair to lead investment benchmark tool for schemes
On the go: Asset management consultancy MJ Hudson has announced the creation of an investment decision-making tool for pension schemes, which will be headed by the Pensions Regulator chair Sarah Smart.
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NewsTPR to tighten supervision to steer schemes’ climate response
The Pensions Regulator is aiming to set “clear expectations” of what it wants to see from pension schemes, while increasing supervision ahead of the new requirements to comply with environmental, social and governance legislation under the Pension Schemes Act 2021.
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NewsBudget 2021: Sunak announces further changes to DC charge cap
Chancellor of the exchequer Rishi Sunak announced on Wednesday that the government will consult “within the next month” on further changes to the charge cap intended to encourage more investment in illiquid assets by defined contribution schemes. But experts have said this is “missing the point”.
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NewsRegulators to push forward with preparations for dashboards
On the go: The Pensions Dashboards Programme has confirmed that its partner organisations, including the Financial Conduct Authority and the Pensions Regulator, are set to begin work on progressing the dashboards programme.
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NewsActuaries demand ‘comprehensive guidance’ on TPR’s notifiable events
On the go: The Association of Consulting Actuaries has called for “comprehensive guidance” to be published before the Pensions Regulator’s new notifiable events regime comes into force, citing the “significant penalties” that apply for non-compliance.
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NewsDWP tells schemes to prioritise stewardship
Pension schemes may see the end of stewardship ‘box-ticking’ under new proposals brought forward by the Department for Work and Pensions.
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NewsTPR to demand more asset information from schemes in 2023
The Pensions Regulator has confirmed it will press on with reforming the asset class information it collects via the scheme return, in a consultation response published on Thursday.
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NewsRenewed calls for charges transparency in annual statements
On the go: Six in 10 pension savers are unaware of the charges they pay on retirement savings, prompting new calls for increased transparency for charges on annual pension statements.
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OpinionThe exodus from DB schemes continues to raise concerns
Buck’s principal and senior consulting actuary Mark van den Berghen details the latest changes in the pension transfer advice market and explains why trustees should consider appointing an independent financial adviser.
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NewsSmart: Trust is key to ensure TPR’s powers are applied fairly
On the go: Member-nominated trustees have “nothing to fear” from the Pensions Regulator’s newly introduced criminal sanctions, chair Sarah Smart told the Pensions and Lifetime Savings Association’s annual conference.
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PodcastsPodcast: Mandating net zero could ‘cut straight through’ fiduciary duties
Podcast: The government mandating default funds be aligned with ‘net zero’ would be a way around concerns about fiduciary responsibility, but there are questions about what this would mean in practice. Stuart O’Brien, partner at Sackers, and Gareth Stears, pensions technical consultant at Aries Insight, discuss environmental, social and governance issues, social housing, and the Pensions Regulator’s controversial criminal powers.
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NewsTPR may leave sponsors ‘guessing’ over potential enforcement action
Sponsors could be “left guessing” as to whether key decisions could lead to enforcement action under new guidelines from the Pensions Regulator, LCP has warned.
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NewsCMA to investigate Willis Towers Watson deal
On the go: The Competition and Markets Authority has announced an investigation into a planned merger between American insurance brokerage Arthur J Gallagher & Co and Willis Re, Willis Towers Watson’s treaty reinsurance business.
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NewsFCA opts for softer approach to charges comparison in DC schemes
The Financial Conduct Authority is taking a softer approach to cost and charges comparison requirements in defined contribution schemes after listening to industry feedback on its proposed rules.
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NewsFTSE 100 DB surplus not immune to funding code and inflation shocks
On the go: FTSE 100 defined benefit schemes' positions grew again in Q3, with the post-pandemic recovery leaving their combined IAS19 surplus at £50bn. But LCP has warned that inflation, coupled with stricter rules under the new defined benefit funding code, could still do damage.
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NewsMPs urge government to make green pensions industry world-leading
MPs have urged the government to seize upon the opportunities COP26 presents to the pensions industry and have called for more consensus on tackling climate change.
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NewsGovernance burden does not translate into value, industry says
On the go: Pensions professionals have said the burden of the increased level of scheme governance is not worth the value it brings, a survey from XPS Pensions Group has found.
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NewsTPR criminal powers policy spurs more industry concern
The Pensions Regulator has published its policy on how it intends to use upcoming criminal powers to prosecute those who fall foul of new legislation, following widespread industry concern into the scope and extent of the powers.
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OpinionHow declarations of intent might change the world of pensions
DLA Piper’s legal director Craig Looker explains how corporate transactions will be affected by the Pensions Regulator’s new powers and what is expected from sponsors and schemes’ trustees.
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NewsTPR urges schemes to get GMP equalisation done
On the go: The Pensions Regulator is urging schemes to engage with their administrators and complete guaranteed minimum pensions equalisation, as there is a sense of urgency for older members.