All The Pensions Regulator (TPR) articles – Page 35
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News
Regulator concerned by master trust investments weaknesses
Investment strategies pursued by some of the UK’s authorised master trusts are exposing pension scheme savers to unnecessary risks, according to the Pensions Regulator.
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FeaturesDoes lockdown shift leave pensions exposed to cyber crime?
Analysis: Covid-19 is not the only invisible threat looming over some of the UK’s most vulnerable citizens.
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News
TPR signals renewed focus on sponsor affordability
The Pensions Regulator has directed defined benefit trustees to focus on the affordability of payments into their schemes by sponsoring employers, urging collaboration to link business recovery to increased member security.
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News
Schemes to issue pension transfer warning to savers
On the go: Pension scheme trustees are to warn members about the risks of transferring out of their defined benefit scheme amid the Covid-19 crisis.
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News
Mercer calls for six-month DB contribution holiday
The government has been called on to take “urgent action” and implement a six-month contribution holiday for defined benefit pension schemes, in a bid to allow sponsors to keep their businesses afloat.
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News
Suspended deficit contributions could reach £1bn
On the go: Up to £1bn in deficit contributions could be suspended this year as trustees approve payment holidays in a bid to help sponsors survive the Covid-19 crisis.
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PodcastsPodcast: Trustees cautioned to be vigilant about relaxed rules
Podcast: Trustees should not take advantage of easements introduced by the Pensions Regulator, which has relaxed its enforcement rules and reporting guidelines, warns John Reeve, director at Cosan Consulting. He and Kate Smith, head of pensions at Aegon, discuss the recent changes to the pensions industry brought by the Covid-19 pandemic, alongside other issues.
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News
TPR clarifies treatment of salary sacrifice under furlough
On the go: The Pensions Regulator has issued guidance to large employers stating they must continue to pay furloughed workers’ pension contributions as normal where they have entered into a salary sacrifice arrangement.
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News
Multibillion pension sponsors among vulnerable to demand shock
Sponsors of some of the UK’s largest defined benefit pension schemes are among those exposed to a potentially unsustainable level of debt if their cash flows dry up, new analysis has suggested.
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News
Counsell: Industry must ‘step up and protect savers’
On the go: Pension providers and trustees “must step up and protect savers using every possible means”, as the vulnerability of individuals to scams has increased due to the coronavirus pandemic, the Pensions Regulator chief executive has warned.
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News
TPR eases reporting and enforcement rules
On the go: The Pensions Regulator has relaxed its enforcement rules and reporting guidelines for trustees amid the coronavirus crisis.
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News
TPR allows employers to cut contributions without consultation
On the go: The Pensions Regulator has warned employers against encouraging savers to opt out of auto-enrolment, as it relaxed its rules to allow them to cut some contributions without consultation.
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News
DB schemes to face major data exercise for dashboards
New requirements to translate defined benefit pensions into an annual income in today’s terms could mean trustees and administrators face a major data exercise to comply with the pensions dashboards, according to experts.
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NewsPodcast: Three-month DB contribution holiday ‘might not be enough’
Podcast: Measures introduced by the Pensions Regulator – which allow employers to freeze their defined benefit obligations for three months in response to the economic fallout from coronavirus – might need to be reviewed, warned Emma Watkins, annuities director at Scottish Widows. However, she says the plan gives “breathing space to the most stressed pension schemes”, an opinion shared by Simon Kew, covenant adviser and former manager at the regulator.
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OpinionPension protections must not be victims of coronavirus
The coronavirus outbreak has had an unprecedented impact on the pensions sector.
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News
Newspaper group asks for deficit deferment
On the go: Reach, the publisher of Daily Mirror and Daily Express, has requested discussions with the regulator around a deferment of current deficit recovery contributions.
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News
Debenhams’ trustees working with TPR as retailer eyes administration
On the go: The trustees of the Debenhams pension schemes are working with the Pensions Regulator and the Pension Protection Fund, as the company filed a notice of intention to appoint an administrator on Monday.
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News
TPR urges trustees to work flexibly with administrators
On the go: The Pensions Regulator has updated its Covid-19 guidance for trustees, highlighting that the pandemic “is placing huge pressures on the administration of pension schemes”.
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News
TPR will not seek to punish trustees over tough pandemic decisions
Regulatory executive David Fairs has reassured defined benefit trustees that they will not be pursued over decisions they make in response to employers struggling in the wake of Covid-19.
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News
Smarterly acquires Salvus Master Trust
On the go: Fintech savings provider Smarterly has acquired Salvus Master Trust for an undisclosed sum, the first deal to occur in the sector after the introduction of the authorisation regime.