All The Pensions Regulator (TPR) articles – Page 21
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NewsSavers told how to report unpaid pension contributions
On the go: Individuals with unpaid pension contributions can now consult a new factsheet launched by official entities to get a clearer understanding of what to do in these cases.
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NewsTPR warns employers on re-enrolment duties
On the go: The Pensions Regulator has said employers “have more to do” to meet their workplace pension duties, ensuring contributions are up to date and savers are re-enrolled into schemes.
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NewsPension lawyers support superfunds as ‘Plan B’ for DB schemes
On the go: A large majority of pension lawyers believe that superfund transfers will become a strong consideration for defined benefit schemes with weak sponsors, as an alternative to the Pension Protection Fund or bulk annuity transactions, research has shown.
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NewsDC consolidation and small pots limit can reduce value for money
A combination of the flat fees charging ban on pots worth less than £100 and an increase in consolidation schemes could reduce members value for money, the Pensions Policy Institute has warned.
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NewsRoyal Mail finalises CDC contribution rates
On the go: The Royal Mail’s new collective defined contribution plan will have a fixed employer contribution of 13.6 per cent, as well as a standard employee contribution of 6 per cent, the group confirmed on Thursday.
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NewsPPI: Governance should be focus of UK value-for-money framework
Lessons on how to successfully integrate robust governance procedures in providing value for money in UK pensions must be taken from overseas, the Pensions Policy Institute has said.
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NewsPASA launches data management controls guidance
On the go: The Pensions Administration Standards Association has launched its new data management controls guidance.
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NewsFormer TPR director served with summons over Section 75 debacle
On the go: Alan Pickering, formerly a non-executive director of the Pensions Regulator and former chair of Plumbing Pensions, has been added to the summons in an employer’s £256,000 claim against the scheme’s trustee over its mishandling of Section 75 debt.
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NewsTisa calls for pension decumulation policy reform
On the go: The Investing and Saving Alliance is calling on regulators and the government to reform pension decumulation policy that will impact four main areas.
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NewsUUK tries to dispel valuation myths as UCU presses on with strike action
Universities UK, the group representing 340 Universities Superannuation Scheme employers, has argued that the rate increases facing USS members would not be alleviated by a new valuation, countering claims made by the University and College Union.
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NewsTrustees given transfer halt powers
On the go: Pension fund trustees will be able to halt suspicious transfers from November 30, following new powers from the Pensions Regulator.
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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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TPR 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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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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DWP 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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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.