Earlier this year the Pensions Ombudsman said it would participate in appeals against its decisions where there was public need. As the first case where the PO has participated has been decided, Helen Morrissey asks what can be expected
At a glance Earlier this year the ombudsman said it would intervene in appeals where there was a greater public need In what is believed to be the first exercise of this power the PO's determination...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
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.
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.
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.