All The Pensions Regulator (TPR) articles – Page 35
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News
Are pensions the answer to UK’s £1tn infrastructure gap?
A solution for the regeneration of Britain’s infrastructure could come from pensions, as superfunds could help plug the UK’s £1tn infrastructure gap. However, specialists believe it will be difficult for schemes to achieve the scale needed for these investments to be successful.
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Cash-strapped money printer cuts deficit repair contributions
British banknote printer De La Rue has cut deficit repair payments to its defined benefit pension scheme, contingent on the success of its bid to raise an extra £100m in capital.
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Superfunds cleared to begin work under TPR interim regime
The Pensions Regulator is to sanction the transfer of struggling corporate defined benefit schemes into commercial consolidators aiming to secure pensions at a lower cost than insurers, under a two-part interim regime unveiled on Thursday.
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Blow to investors as TPR rules risk further dividend drought
On the go: New guidance from the Pensions Regulator could prolong the “dividend drought” currently hampering income investors, experts have warned.
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OpinionWhy we are taking action to ensure a safe DB consolidator market
The Pensions Regulator’s Charles Counsell explains the principles behind the watchdog’s new framework for regulating the defined benefit consolidator market.
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Pensions compliance with furlough tapering ‘horrendously complicated’
The Pensions Regulator’s updated guidance on auto-enrolment and defined contribution schemes is likely to lead to large numbers of mistakes being made, some experts predict, as employers have to grapple with the bifurcated system resulting from the slow death of furlough.
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DB employers mandated to justify further payment holidays
Trustees of defined benefit pension schemes will have to report decisions to allow sponsors to skip or delay deficit payments to the Pensions Regulator from July, as the watchdog drew fire for not insisting on this transparency from the start of its Covid-19 easements.
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Regulator appoints 91 trustees during first quarter
On the go: The Pensions Regulator has appointed 91 trustees to ensure the proper administration of pension schemes between January and March, according to new data.
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No-deal Brexit could deny thousands lifeboat protection
As Covid-19 continues to wreak its devastation on the corporate landscape, dozens of pension schemes could fall into the Pension Protection Fund. However, a no-deal Brexit could scupper that option for up to one-fifth of distressed employers with an EU connection.
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Pandemics, climate change pose ‘systemic risks’ to actuarial work
On the go: Global pandemics and the threat of a climate catastrophe present dire risks to the quality of actuarial work, according to a new report by the Joint Forum on Actuarial Regulation.
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OpinionInsolvency bill leaves huge questions on interactions with DB schemes
The most significant revision to UK insolvency law in 30 years leaves a litany of unanswered questions for defined benefit trustees and their regulators, according to Lincoln Pensions’ Dan Mindel and Luke Hartley.
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Charities suffer under the strain of DB scheme deficits
On the go: Three-quarters of charities have defined benefit schemes in deficit, adding extra strain to a sector already hit hard by coronavirus, according to a new report by Hymans Robertson.
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Regulator to issue rules for consolidators ‘in the coming weeks’
The Pensions Regulator is shortly to issue interim regulation covering commercial consolidators, Pensions Expert can reveal.
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Sponsors facing perfect storm as furlough nears its end
Pension schemes and their sponsors face a potential perfect storm of costs as the furlough scheme reaches its endgame, with sponsors in some sectors of the economy facing acute pressure as government support dries up.
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Regulator repeats anti-scam warning after £5m lost to fraudsters
On the go: The Pensions Regulator has repeated its warning about scammers after a report revealed more than £5m has been lost to fraud since February.
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OpinionTrustees must face hard governance truths after Covid shake-up
Our daily lives will inevitably change once the Covid-19 crisis is over.
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OpinionMore than a number: what it means to be a professional trustee
Dalriada’s Greig McGuinness recounts his experience of accreditation as a professional trustee, and gives his thoughts on the responsibility to uphold the profession that comes with completing the process.
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Chair’s statement template to ease trustee headaches
On the go: The Pensions and Lifetime Savings Association has released a new template designed to help trustees of well-run defined contribution schemes avoid being caught out by chair’s statement requirements.
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OpinionTemplates help, but govt help is needed on chair’s statements
As the Pensions and Lifetime Savings Association releases templates to help trustees avoid pitfalls in defined contribution chair’s statements, George Currie appeals for greater regulatory flexibility in how punishments are dished out.
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DB transfer market shows signs of recovery
On the go: The defined benefit transfer market is showing signs of recovery and is expected to grow further in the coming months, after a sharp decline in inquiries due to the Covid-19 crisis.