All The Pensions Regulator (TPR) articles – Page 29
-
OpinionTrustees must take action to prevent admin operational issues
Cosan Consulting director Philip Dickinson warns trustees about the importance of having an administration contingency plan in place as this task, either performed in-house or outsourced, could suffer with the current pandemic and financial crisis.
-
News
Opperman guarantees none of TPR’s new powers will be retrospective
On the go: The minister for pensions and financial inclusion has guaranteed that the Pensions Regulator’s new criminal sanctions and information-gathering powers will not be applied retrospectively.
-
PodcastsPodcast: Economic uncertainty, DC consolidation, ESG to mark 2021
Podcast: Economic uncertainty from the pandemic and the aftereffects of Brexit, solving the small pots problem and consolidation in the defined contribution universe, and yet more environmental, social and governance regulation are the themes to watch out for this year. These are the predictions for the pensions industry in 2021 from Marc Hommel, senior pensions adviser at EY-Parthenon, and Sue Pemberton, head of technology and DC consulting at Premier Pensions.
-
News
Calls for actuaries to offer strategic advice as schemes target endgame
An industry group is proposing a radical change in the actuarial role, suggesting these professionals should step away from a technical specialist position to offer strategic advice, while moving away from triennial valuations.
-
News
Industry needs to do more to combat scams, TPR says
While the Pensions Regulator has pointed the finger at industry saying all parties must do more to tackle the problem of pension scams, members of the Work and Pensions Committee have questioned whether the regulator has itself done enough to help.
-
News
Trustees cannot outsource responsibility for cyber risk
On the go: Trustees bear ultimate responsibility for managing cyber risk even when they outsource administration to a third party, and must ensure they carry out due diligence, according to a new report.
-
News
FTSE 350 pension deficit nearly doubles due to Brexit and Covid
On the go: The accounting deficit of defined benefit schemes for the UK’s 350 largest listed companies finished the year at £70bn, almost double the deficit of £40bn at the end of 2019, according to Mercer’s Pensions Risk Survey.
-
News
Bulk annuities growth dependent on ‘jumbo’ deals and consolidators
On the go: While the UK bulk annuity market is expected to continue to thrive in 2021, its significant growth will depend on ‘jumbo’ deals and on the development of the consolidators’ market, according to Aon.
-
OpinionThe hidden cost of coronavirus
The coronavirus pandemic is causing worldwide economic disruption, but the financial impact of the crisis on public sector pensions appears to have gone unnoticed, argues ACMCA’s Allan Martin.
-
News
Trustee flagged as scam concern banned over ‘serious’ failings
On the go: The Pensions Regulator has banned the corporate trustee of the Audax Pension Trust from acting as a trustee, following concerns of improper management and links to potential scam activity.
-
News
Now Pensions members’ data leaked by service partner
On the go: Master trust Now Pensions has confirmed that some of its members have had their personal data shared online by a service partner.
-
News
Arcadia schemes to enter PPF assessment ‘shortly’
On the go: The defined benefit pension schemes belonging to the collapsed retail group Arcadia are set to transfer into the Pension Protection Fund’s assessment period, according to a letter to MPs from the Pensions Regulator.
-
News
TCFD reporting requirements leave too little time for compliance
On the go: Almost half of respondents to a poll carried out by Eversheds Sutherland expressed a fear that trustees will not have time to comply with new climate change reporting requirements before they are introduced.
-
News
Schemes call for extension of regulatory easements
On the go: The majority of pension schemes have said that Covid-19 is not having a detrimental effect on their day-to-day operations, but have called for an extension of regulatory easements, according to new research.
-
News
Small pots report recommends member exchange trials
The pensions industry should begin work to facilitate mass exchanges of sub-scale defined contribution accounts, according to a government-commissioned working group looking to address the problem of small pots.
-
NewsDB schemes to face 120% rise in general levy with new govt proposals
Defined benefit schemes face a 120 per cent general levy increase by 2024 proposed in a new consultation launched on Wednesday, while master trusts will be granted a different rate.
-
News
Threat of TPR action forces changes to merchant navy trustee board
On the go: A four-year bitter dispute over the running of a naval industry pension scheme has finally been brought to a close by the Pensions Regulator, after it identified governance failings that had cost the scheme £1m.
-
PodcastsPodcast: Trustees advised to self-certify before Christmas
Podcast: Jo Myerson, trustee director at Ross Trustees, tells Pensions Expert it is important that trustees comply with the Competition and Markets Authority’s self-certification rules early in order to avoid a mad, post-Christmas dash to meet the January 7 deadline. She is joined by David Rae, head of strategic client solutions at Russell Investments, in an episode also covering insolvencies, superfunds and the fallout from the reform of the retail price index.
-
News
TPR: Open schemes can maintain riskier investments in bespoke route
On the go: The Pensions Regulator has stood by its new defined benefit funding code following criticisms from open DB schemes, arguing that a bespoke route will allow these pension funds to continue their current investment strategies.
-
NewsWeekly roundup: It’s not easy being Green
Welcome to Pensions Expert’s roundup of a week in which we bade farewell to a few of the high street’s better-known names, and the Pension Protection Fund brightened everyone’s mood with its new doomsday scenario.