Law and regulation

FCA raises concerns over alleged pension liberation scam

Professional Pensions | 31 Oct 2014 | 18:05

The Financial Conduct Authority (FCA) has raised serious concerns over a scheme to encourage people to cash in pensions which has already netted up to £4m.

View of the London Stock Exchange from above
john-monks-1

Former TUC boss denounces AE band earnings as 'injustice'

Lord John Monks has branded the use of band earnings to calculate auto-enrolment contributions an “injustice” and said the government was “committed to excluding the low paid” from the initiative.

Professional Pensions | 31 Oct 2014 | 11:55

mclean-malcolm

How much more pension reform can we bear?

Malcolm McLean says the pace of change today is unprecedented, and calls for time to draw breath.

Professional Pensions | 31 Oct 2014 | 09:00 | To read this article you must be a subsriber

Law and Regulation Articles

investigations-magnifying-glass

Central bank in major probe of bond, FX and commodity markets

The Bank of England (BoE) has launched its biggest ever review into the fixed income, currency and commodities (FICC) markets following a string of recent scandals.

Professional Pensions | 30 Oct 2014 | 12:53

westminster

Government urged to replace state pension with compulsory DC

The government should consider scrapping the state pension to avoid national debt reaching unmanageable levels, argues a think tank.

Professional Pensions | 29 Oct 2014 | 13:02 | To read this article you must be a subsriber

treasury-london

Treasury to get £1.6bn windfall from ‘unsuspecting pension investors’

HM Treasury could land a healthy windfall of £1.6bn as up to 200,000 people are expected to cash in the pension pots in April, according to research.

Professional Pensions | 28 Oct 2014 | 13:36 | To read this article you must be a subsriber

EU flag

IORP II redraft recognises 'social purpose' of schemes

EU policymakers have stopped describing schemes as “financial institutions” and left more powers with member states in the latest draft of its Institutions for Occupational Retirement Provisions (IORP II) directive.

Professional Pensions | 28 Oct 2014 | 13:24 | To read this article you must be a subsriber

Gabriel Bernardino

EIOPA to probe schemes’ behaviour ahead of 2015 stress test

The European Insurance and Occupational Pensions Authority will soon launch a probe into how pension schemes have acted in stress scenarios over the past decade.

Professional Pensions | 27 Oct 2014 | 11:17 | To read this article you must be a subsriber

turner-janice-bectu

IGCs need lay members to give them backbone

Signals coming out of government over the last year have given some cause for concern for member nominated trustees. Recent consultations have indicated an inclination to move away from lay trustees, certainly in new multi-employer schemes such as master trusts, and towards allowing the financial services industry to take control of governance.

Professional Pensions | 27 Oct 2014 | 09:00 | To read this article you must be a subsriber

webb-steve

Webb: Guidance guarantee aimed at 'middle Britain'

The government's free impartial at-retirement guidance is aimed at middle Britain, not high or low net worth individuals, pensions minister Steve Webb has told MPs.

Professional Pensions | 24 Oct 2014 | 11:55 | To read this article you must be a subsriber

david-fairs-1

Employers call for AE delay to cope with pensions upheaval

Firms yet to reach their auto-enrolment (AE) staging dates want the process postponed until wide-reaching changes to the pensions system are finalised, according to research.

Professional Pensions | 23 Oct 2014 | 13:41 | To read this article you must be a subsriber

London skyline with BT Tower

BT loses battle on £17m PPF levy exemption

BT has lost its fight to hold onto a partial exemption from paying the Pension Protection Fund (PPF) levy.

Professional Pensions | 22 Oct 2014 | 13:55 | To read this article you must be a subsriber

steve-webb-6-processed

Short service refunds banned from October 2015

Short service refunds are to be banned from October 2015 according to the pensions minister.

Professional Pensions | 22 Oct 2014 | 13:14 | 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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