All The Pensions Regulator (TPR) articles – Page 72
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Features
Somerset and Devon tighten shared admin strategy to boost employer comms
Somerset County Council Pension Fund and Devon County Council Fund will establish a formal administration strategy in order to improve communication between the schemes and its participating employers.
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Features
USS revamps covenant assessment model in face of funding challenge
The Universities Superannuation Scheme has opted for a more thorough covenant assessment due to changes in higher education funding and an expected increase in its deficit from this year’s triennial valuation.
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Opinion
What you need to know from the pension schemes bill second reading
This week the new pensions bill had a second reading in the House of Commons, the first opportunity for members of parliament to debate its main principles.
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News
Schemes consider money purchase reversion to reduce employer risk
Legal experts have reported that schemes caught by the recent change in the definition of money purchase are trying to amend their benefits structures to remove the additional risk of guarantees.
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News
Personnel shortage anticipated for independent governance bodies
Independent governance committees could be hampered by a shortage of experienced professionals as contract-based scheme providers race to set up bodies by April 2015, with industry figures suggesting sharing personnel.
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NewsRegulator nets £184m from Lehmans as cases treble
The Pensions Regulator’s unprecedented £184m settlement for the members of the Lehman Brothers pension scheme is its biggest trophy in a growing anti-avoidance campaign, with the number of investigations trebling since last year.
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Opinion
Employer growth emphasis will separate the wheat from the chaff
In the latest Informed Comment, BDO Pensions Advisory’s Richard Farr analyses schemes’ employer covenant conundrum, arguing the new employer growth objective has harmed the security of members’ benefits.
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Opinion
Time is running short. Regulators must provide detail on how to implement DC reform
Talking head: The National Association of Pension Funds’ Richard Wilson lays out the increasingly troubling timetable for schemes to carry through this year’s DC reforms, and calls on government and regulator alike to provide further detail.
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Features
'Oversharing' is good. A scheme guide for dealing with the regulator
The western world is divided on the power of regulation to move it forward. On the left and in the centre, politicians promise regulation to avoid the excessive risk-taking that almost led to the collapse of the global financial system in 2008.
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News
Newly defined money purchase plans wake up to actuarial and comms obligations
Trustees and employers offering money purchase benefits may face increased member communication and valuation requirements as a result of the government’s new statutory definition.
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News
Ombudsman: pension liberation reports expected in a ‘few weeks’
The pensions ombudsman has said it should be publishing determinations on pension liberation cases within the next few weeks, with trustees hoping the reports will help them on difficult transfer decisions.
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Features
NESPF beefs up governance to prep for Scottish LGPS reform
North East Scotland Pension Fund plans to establish a dedicated governance team – incorporating communication responsibilities – to deal with the increased workload produced by local government pension scheme reforms.
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Opinion
Regulator: We’re stepping up the fight against scams that have shattered lives
Talking Head: The regulator’s Andrew Warwick-Thompson sets out the detail of the watchdog’s renewed push against pension liberation scams, which he reveals have resulted in one scheme member taking his own life when a promised lump sum did not materialise.
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News
Covenant-lite market expands as small schemes digest DB code
Small and medium-sized employers’ pension schemes are finding greater access to pared-down, lower-cost covenant assessments following the Pensions Regulator’s revised defined benefit code of practice, which has increased focus on employer strength.
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NewsKingfisher nears surplus following sponsor property deal
Kingfisher Pension Scheme has revealed that a funding deal with its sponsor, which sees it draw from income-generating properties, has pushed its funding level close to 100 per cent.
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OpinionEditorial: You're right from your side
One in seven trustees doesn't sound like a lot. But when you think that could be one person on every pension scheme board, the proportion starts to feel a bit more tangible.
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Opinion
Six key graphs on the regulator's uphill task on scheme data
The Pensions Regulator last week released its annual record-keeping survey, which once again showed smaller schemes were falling behind their larger counterparts.
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FeaturesSiemens shrinks deficit with asset-backed funding deal
Engineering and electronics company Siemens has set up a Scottish limited partnership for its UK defined benefit scheme to provide additional security for members, shutting a large part of its deficit and stabilising the company’s cash flow.
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News
Revised DB code emphasises integrated risk management
The Pensions Regulator this week released a new code of practice for defined benefit schemes, focusing on trustees and employers working collaboratively on scheme funding.
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News
Collective schemes to be enforced by valuation and reporting framework
Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.