All The Pensions Regulator (TPR) articles – Page 62
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OpinionCourts, regulators and judicial reviews
From the blog: The threat of judicial review is ever-present for regulators, and this is as true in the pensions sphere as in any other. Inevitably those subject to regulation will be concerned to ensure that decisions made by their regulator are procedurally fair, proportionate, rational and consistent.
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NewsGovernment urged to pick up the pieces of failing mastertrusts
The mastertrust legislation horse is being put before the cart now that the pension schemes bill has reached the House of Commons, as the debate is shifting to who will be the 'funder of last resort'.
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How to choose a professional trustee for your scheme
Any other business: A regulatory burden that has proved too much even for some professional trustees and a challenging investment environment mean running a scheme has arguably never been harder. So should schemes appoint professional trustees, and what qualities do they need to look for?
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News
Cost scrutiny intensifies as TTF calls for select committee inquiry
The Work and Pensions Select Committee has been asked to launch a fresh inquiry into charges levied on pension savings, as campaigners warned price inefficiencies reach far beyond investment costs.
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News
Industry finds no easy answers in dividends v deficits debate
Most FTSE 100 companies could clear their pension deficits in less than two years by withholding dividends, new research says. Experts have called for more focus on the contrast between dividend payments and deficit repair contributions, though others say there is no one-size-fits-all solution.
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OpinionDogs that bark… bite
Editorial: A total of £5,000 might not be an awful lot for companies, but if it means their reputation suffers, it could lead to much greater losses.
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News
TPR bares its teeth with first mastertrust fines
The Pensions Regulator has imposed its first fines against mastertrusts for failing to complete a chair’s statement, as it signals a hard approach to dealing with defined contribution administration lapses.
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OpinionIt is up to the industry to make auto-enrolment a success
2017 is set to be a big year for the defined contribtuion industry as auto-enrolment finally reaches SMEs and micro-employers. But we can’t afford to rest on our laurels.
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News
Berkshire saves 600 hours with automated data exchange
The Royal County of Berkshire Pension Fund saved an estimated 604.1 hours of administrative work over six months, and ended its struggles with updating member data by introducing an automated data exchange.
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NewsRoyal Mail closure consultation could see strike action
Royal Mail Group has begun consulting with active members on closing its section of the Royal Mail Pension Plan, spurring the threat of industrial action from unions if the sponsor does not react positively to their concerns.
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DB outlook 2017: Investment problems remain as deficits dip
Defined benefit deficits worsened during December to an aggregate IAS 19 deficit of £434bn, as experts added sustained low interest rates and cash flow problems to their concerns for pension funds over the course of 2017.
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OpinionTougher mastertrust regulation is the cornerstone of secure DC provision
In October last year we welcomed the government’s Pension Schemes Bill, which will give us tough new powers to regulate mastertrust schemes.
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Opinion
Is good pensions practice drowning in policy consultations?
From the blog: The run up to Christmas saw a flurry of political activity to cap off what has been an exhausting year, with two separate Department for Work and Pensions consultation launches complemented by the Work and Pensions Select Committee’s report on defined benefit.
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Select committee: Scare negligent employers into funding with 'nuclear' fines
The Work and Pensions Select Committee has called for “nuclear deterrent” fines – tripling the amount currently payable – to be levied against employers seen to be shirking pension responsibilities, in its report into defined benefit pensions.
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Opinion
What's the outlook for DC in 2017?
Defined contribution adequacy and stagnant investments were key concerns for trustees in 2016, so what do experts think the new year has in store for DC?
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News
Defaults and dashboards: Top DC and AE stories from 2016
Year in review: The battle to make defined contribution a safer place for members proved to be an uphill struggle in 2016, as schemes, regulators and even the police were trying to keep up with developments in the market.
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NewsBSPS nears compromise deal as Tata announces closure plan
Tata Steel UK is to consult with employees on closing the British Steel Pension Scheme to future accrual, as part of an agreement with trade unions aimed at safeguarding the future of its UK steelworks.
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FeaturesReuters scheme simplifies strategy in liquidity search
As part of a push to simplify its asset allocation and achieve greater liquidity, Reuters Pension Fund is exiting its property investments, putting some of the proceeds into a new buy-and-maintain mandate and an existing diversified growth fund.
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Features
Consolidation and partial transfers put forward as funding pressures increase
Defined benefit funding levels have not improved over the past years as gilt yields have fallen, the latest edition of the Purple Book shows, with industry figures hailing partial transfers and scheme consolidation as possible solutions.
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NewsOne year wiser: What trustees have learnt in 2016
Any other business: From Brexit to Trump, 2016 has been a year of the once-inconceivable coming to pass. Faith in institutions, already low, has taken repeated batterings as prediction after prediction has turned out to be wrong.