The Financial Services (Banking Reform) Bill, currently in its House of Lords report stage, requires banks to separate their retail and investment businesses by 2025. Lawyers warn banks should start planning now.
Reform Employers in multi-employer DB schemes, as used by banking groups with their many interlinked businesses, are allowed to take on the liabilities of other scheme sponsors. The government fears...
The sponsoring employers of the UK’s largest pension schemes may have to put an additional £40-£45bn into their schemes over the next decade, Lane Clark & Peacock (LCP) warns.
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.