Do we need a wider industry approach to pension liberation?
PP looks at whether more could be done to prevent members from transferring out in the first instance?
HMRC has come under fire for how it gathers tax from victims of pension liberation. However, could more be done to prevent members from transferring out in the first instance? Kristian Brunt-Seymour looks at the options.
At a glance: Protective assessment letters could remind members of the repercussions if they decide to transfer out early. Providers and independent government bodies should reinforce the dangers...
More on Legislation
Pension Schemes Bill gets final approval and waits for Royal Assent
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
FCA data reveals over £20bn of DB transfers between 2018 and 2020
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Trustees will need to be corporate finance experts under new TPR powers
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Is mediation set to become the new normal for pension disputes?
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.
TPR response to funding code consultation reveals level of industry concern over twin-track regime
The Pensions Regulator (TPR) has published the interim response to its first defined benefit (DB) funding code consultation – highlighting the depth of industry concern around its proposed twin-track regime.
