Law and regulation

CPI ruling ‘takes away a bargaining chip’ for trustees

Professional Pensions | 01 Aug 2014 | 14:30 | To read this article you must be a subsriber

Yesterday’s ruling that two schemes sponsored by Arcadia can switch to consumer prices index (CPI) linking will make it harder for other trustees to resist such a change, warns a lawyer.

High Court
counsell-charles-tpr

TPR reveals it has used AE powers 23 times

The Pensions Regulator used its formal powers to ensure employers comply with their automatic enrolment duties on 23 separate occasions up to the end of June this year.

Professional Pensions | 01 Aug 2014 | 13:27

Crowd

Bank of England warns ‘reputational herding’ could lead to asset price volatility

UK pension funds’ tendency to herd in the same asset classes could lead to volatility in asset price or economic cycles which could be detrimental for the whole economy, according to a research paper from the Bank of England.

Professional Pensions | 01 Aug 2014 | 13:02

Law and Regulation Articles

royal-court-web

High Court confirms right of schemes to switch to CPI

A High Court judge has upheld the right of schemes to use the consumer prices index (CPI) as the inflation measure for increasing deferred pensions and pensions in payment.

Professional Pensions | 31 Jul 2014 | 15:32 | To read this article you must be a subsriber

webb-steve-2012

DC legacy audit will look at all schemes above 0.75% cap

All schemes with mixed charge structures or fees in excess of 0.75% will be included in the audit of legacy defined contribution (DC) schemes launched earlier this year.

Professional Pensions | 31 Jul 2014 | 13:02 | To read this article you must be a subsriber

toby-strauss

DWP charge cap hits Lloyds' pension profits

Life and pensions underlying profits at Lloyds Banking Group were down 18% to £461m in the first half of the year, latest results show.

Professional Pensions | 31 Jul 2014 | 10:46

DB funding code comes into force

The Pensions Regulator’s (TPR) updated defined benefit (DB) code of practice comes into force today.

Professional Pensions | 29 Jul 2014 | 13:24 | To read this article you must be a subsriber

passport

Politicians and providers back 'pensions passport'

Steve Webb is considering creating a ‘pensions passport’ to help savers keep track of their assets. Jenna Towler gauges industry reaction...

Professional Pensions | 28 Jul 2014 | 11:43 | To read this article you must be a subsriber

magnifying glass

IFoA and FRC set out remits for regulating actuaries

The Institute and Faculty of Actuaries (IFoA) and the Financial Reporting Council (FRC) have outlined how actuarial regulation will be divided between the two bodies.

Professional Pensions | 25 Jul 2014 | 13:37 | To read this article you must be a subsriber

EU flag

Treasury report hits out at EU policymakers’ desire for cross-border schemes

Harmonising pension policy on a European Union (EU) level is unlikely to work due to a lack of demand for cross-border schemes, according to a Treasury report, published yesterday.

Professional Pensions | 25 Jul 2014 | 12:18 | To read this article you must be a subsriber

boulding-adrian-l-g

Insurers could offer drawdown to schemes looking to outsource

Insurers are expected to offer income drawdown for schemes unwilling to offer the full range of retirement income options to members.

Professional Pensions | 23 Jul 2014 | 12:26 | To read this article you must be a subsriber

money-bag-collateral-waters-july2014

FX rigging could be ‘swindling' pensions of millions

Pension funds could have been cheated out of millions of pounds by manipulation of the £3trn foreign exchange (FX) markets, warns Mark Taylor, dean of Warwick Business School.

Professional Pensions | 23 Jul 2014 | 11:52 | To read this article you must be a subsriber

webb-steve

Government halves state pension deferral boost

The government has slashed the incremental increase to the state pension offered to workers who delay their retirement.

Professional Pensions | 22 Jul 2014 | 13:57 | To read this article you must be a subsriber

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Pensions library

a-guide-to-pensions-stability-cover-page

A guide to Pensions Stability

 

This guide to Pensions Stability explores the new financial and operational model for defined benefit (DB) pension schemes. Pension schemes are still being run with far greater risk than is necessary and there is an opportunity to create a more stable pensions environment for trustees and sponsors.

joint-institute-pensions-survey-2014-imageset

Joint institute pensions survey 2014

 

This inaugural survey among 326 members of the Chartered Institute of Personnel and Development (CIPD) and the Pensions Management Institute (PMI) asked whether auto-enrolment will deliver on its goals; if contribution rates for employees and employers need to rise; and whether pensions tax relief needs further reform.

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Events

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Workplace Savings and Benefits Awards

11 Sep 2014

London, UK

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Defined Contribution Conference 2014

17 Sep 2014

London, UK