Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government impact assessment.
The Department for Work and Pensions (DWP) is currently consulting on a range of options to crack down on excessive charges in DC, including a cap of 0.75% or 1% on annual fees (PP Online, 30 October)....
The Pension Protection Fund’s (PPF) compensation cap and restrictions on annual indexation increases could be at odds with EU law, according to a provisional judgement by the Court of Appeal.
The Financial Reporting Council (FRC) has launched investigations into the conduct of a number of individuals involved with various Guinness Peat pension schemes between 2004 and 2012.
The Pension Protection Fund has announced the changes it will consider making to the Experian insolvency model for the 2018/19 levy ahead of the formal consultation.
The review of automatic enrolment (AE) in 2017 is an opportunity to think more strategically about pensions says Tim Sharp.