All The Pensions Regulator (TPR) articles – Page 45
-
OpinionBetter communication can ease rush to transfer out of DB
Transfers from defined benefit pension schemes have proved attractive in recent years, but there are serious questions over their suitability for many. Trustees cannot afford to shy away from helping their members, and the Pension Protection Fund wants to help.
-
News
LifeSight first master trust to gain TPR authorisation
On the go: Willis Towers Watson’s LifeSight is the first master trust to gain authorisation, the Pensions Regulator confirmed on Wednesday.
-
News
'Fraudster families' running pension scams worth millions of pounds
On the go: Organised crime groups led by families or married couples are running multimillion-pound pension scams, according to the Pensions Regulator.
-
News
New criminal sanctions could be difficult to enforce, experts say
The government has said that it plans to go ahead with proposals for new criminal offences to prevent and penalise mismanagement of pension schemes, but enforcing these sanctions may prove challenging, experts say.
-
News
Last-minute dash expected for master trust authorisation
On the go: Only eight master trusts have applied for authorisation with the Pensions Regulator, leading to expectations that there will be a last minute dash as the March 31 deadline looms.
-
News
Court fines Mansoor Nasir £5,000 for workplace pension lies
One the go: Bradford-based accounts manager Mansoor Nasir, who tried to hide the fact that restaurants had not given their staff workplace pensions, has been fined £5,000.
-
News
Insurers brace themselves for DB superfund disruption
Insurers are bracing themselves for disruption by superfunds, but their desire and capability to establish their own defined benefit consolidation vehicles remains unclear.
-
News
TPR confirms Now Pensions admin crisis largely over
On the go: The Pensions Regulator has confirmed today that Now Pensions has overhauled its administration system.
-
News
Regulator reveals 45 per cent rise in dormant pots over 2018
The Pensions Regulator has uncovered a massive rise in the number of dormant defined contribution pots resulting from the introduction of auto-enrolment.
-
OpinionTPR: 2019 must see member security improve
2019 already looks set to be a busy year. Notwithstanding the challenges that may be thrown in our direction, we think there is a lot to look forward to in pensions.
-
OpinionData crunch: Consolidation will change shape of both DB and DC
Unlike pension systems in the rest of Europe, where large-scale pension funds are common, the UK is characterised by a large number of small, single-employer pension schemes. Some argue the disparate nature of UK pensions has created inefficiencies that should be addressed through consolidation.
-
News
Government provides £329m safety net to Nest
On the go: The government has given Nest, the workplace pension provider, a contingent liability guarantee of £329m to enable it to comply with the tough new master trust regime amid accusations of unfair state aid.
-
News
BSPS review calls for more guidance for schemes on restructuring
On the go: An independent review of the communications and support provided to steel workers as part of the British Steel Pension Scheme ‘Time to Choose’ exercise has called for better guidance for trustees to help them plan and manage a restructuring.
-
NewsBritish Steel review calls for better member support in restructuring
A review of the communications and support provided to steelworkers during the British Steel Pension Scheme ‘Time to Choose’ exercise has called for legislative changes, regulatory collaboration and better guidance for trustees to help them manage a restructuring.
-
News
Smart absorbs Lighthouse master trust as consolidation intensifies
On the go: Financial advice business Lighthouse Group has decided not to pursue authorisation for its master trust, handing over employers and members to competitor Smart Pension.
-
News
24 companies wound up since 2015 due to pensions misuse
On the go: Since 2015, the Insolvency Service has applied to the courts to wind up 24 companies involved in pensions misuse, according to the government agency.
-
OpinionThe unseen funding target
Most defined benefit schemes are headed for buyout or self-sufficiency, but few acknowledge this aim in any formal way. Regulators look set to change this soon, writes Society of Pension Professionals president Paul McGlone.
-
OpinionWhat to consider when agreeing a recovery plan in 2019
Matt Harrison, managing director at covenant specialists Lincoln Pensions, explains how recovery plans have been agreed in practice and how this may change due to an evolving regulatory landscape.
-
News
Accounts manager admits workplace pensions cover-up
On the go: A Bradford-based accounts manager lied to investigators to try to hide the fact that restaurants had not given their employees workplace pensions.
-
PodcastsPodcast: A closer look at DB consolidation
Podcast: Last month, the government published a consultation on the consolidation of defined benefit pension schemes. What is the outlook for DB superfunds? And what should trustees consider if they are thinking about switching from a sponsor covenant to a consolidator covenant? In this episode, Alex Hutton-Mills, managing director at Lincoln Pensions, and Paul McGlone, president of the Society of Pension Professionals, discuss the consultation and whether early adopter nerves are holding back inflows to the new DB consolidators.