All The Pensions Regulator (TPR) articles – Page 50
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News
Fined Salvus trustees left £1.4m uninvested for 3 years
Four trustees of the Salvus Master Trust have been fined by the Pensions Regulator after they failed to invest £1.4m of member contributions over three years.
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FeaturesNortel's £2.4bn buyout pricing beats offers from superfund
When Canadian telecoms company Nortel filed for bankruptcy in 2009, prospects for its defined benefit pension scheme members looked bleak.
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OpinionWhat might the govt’s regime for commercial consolidators entail?
Since the Department for Work and Pensions published its white paper on defined benefit sustainability, two DB commercial consolidators have emerged. Paul McGlone, president of the Society of Pension Professionals and partner at Aon, discusses what the government’s authorisation and supervision process for commercial consolidation might look like.
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Features
Master trust authorisation: How important is timing?
Analysis: From this month, master trusts have until April 2019 to apply to the Pensions Regulator for authorisation. What has the watchdog’s feedback shown us so far, and how will timing of applications come into play?
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OpinionBuilding relationships to protect savers
The Pensions Regulator’s new supervision approach is a milestone for pension regulation, says Lesley Titcomb, the watchdog’s chief executive.
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Features
Trustees pour cold water on wild consolidator claims
The Edi Truell-backed Pension SuperFund has been no stranger to controversy in its short lifespan.
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OpinionDC mastertrust consolidation: The long-term outcome
CMS’s Jennifer Bell and Daniel Shaw discuss mastertrust authorisation and the future of defined contribution consolidation.
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News
Handful of schemes in advanced talks with Pension SuperFund
The Pension Superfund has engaged in serious dialogue with approximately a dozen pension schemes with a view to them transferring into the defined benefit consolidator, according to its new chief executive.
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News
TPR fines more than treble in a year
On the go: The value of fines issued by the Pensions Regulator has shot up to £42m in the year to March 31 2018, compared to the £12.6m of fines handed down over the previous 12 months.
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Opinion
Advertising transfer values: trustee duty or danger to members?
When trustees at the Rexam Pension Plan noticed a substantial spike in defined benefit transfers out of the scheme last year, it seemed like good news.
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News
Field asks TPR to learn lessons as Kodak zombie set to enter PPF
The chair of the Work and Pensions Committee has written to the Pensions Regulator asking it to reflect on lessons it should have learned from its handling of the Kodak Pension Plan, which this week announced it faced Pension Protection Fund entry.
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PodcastsPodcast: How should trustees be monitoring their employer covenant?
Podcast: Over the last few years, headlines highlighting several high-profile defined benefit pension cases have hammered home the importance of having a strong covenant. Mark Evans, director at Independent Trustee Services, and Adolfo Aponte, director at covenant specialists Lincoln Pensions, explain how trustees can keep tabs on their employer.
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News
TPR to introduce one-to-one supervision for 25 biggest schemes
On the go: The Pensions Regulator has introduced a new supervision regime, which includes one-to-one supervision of 25 of the largest schemes in the UK, and will aim to monitor all schemes more closely.
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OpinionRegulation must adapt to protect members in consolidation deals
Darren Redmayne from Lincoln Pensions outlines the regulatory and guidance framework that could help facilitate safe transfers to commercial consolidators, and the steps defined benefit trustees might take in the interim.
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OpinionNew guidelines provide carrot and stick on DC administration
From the blog: As a trustee, I welcome with open arms the new DC Administration Governance Guidance issued earlier this summer by the Pension Administration Standards Association.
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News
DC value: Small schemes falling short of standards
On the go: Small defined contribution schemes are not meeting the Pensions Regulator’s expectations when it comes to demonstrating value for members, according to its latest research.
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OpinionMastertrust sector still concerned about new regime
The Pensions Management Institute’s working group on mastertrusts has revealed that while the industry welcomes authorisation with open arms, particpants remain unclear on what form the new regulatory regime will take, writes PMI president Lesley Carline.
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Opinion
Should shareholder distribution take a back seat to deficits?
Chris Sier is halfway through an imperious display at day one of the Work and Pensions Committee’s inquiry into pensions cost transparency.
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News
DB governance: Small schemes fail to keep pace
Small defined benefit schemes are still lagging behind their larger counterparts when it comes to governance standards, new research from the Pensions Regulator has shown.
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News
One-fifth of FTSE 350 companies do not declare DB funding positions
Employers should be legally required to disclose their defined benefit scheme deficits on a technical provisions basis, along with details of the associated recovery plan durations and contributions agreed, Lincoln Pensions has said.