Jack Jones looks at the final draft of the TPR’s code of practice on defined benefit regulation

Labour has backed a report from the Institute for Public Policy Research (IPPR) that calls for tax relief on pensions to be slashed by £2bn a year.

The Pensions Regulator (TPR) has widened a probe into schemes with poor record keeping practices after its research found many were failing to meet its targets.

The value of special contributions made by employers to plug defined benefit (DB) deficits dropped by 50% in the first quarter of the year, according to the Office for National Statistics (ONS).

Trustees who do not do enough to squeeze the fees charged by advisers are not fulfilling their fiduciary duty, says the former Pension Protection Fund (PPF) head of restructuring.

Ex-PPF man Richard Favier says too many trustees are sitting on their hands when they need to act

Trustees need to challenge their advisers over costs, Jack Jones says

The government has set out plans for reforms to judicial pension arrangements that will also incorporate fee-paid judges following lengthy court cases.

Almost all active fund managers fail to outperform the market once fees are extracted from returns, according to research from the Pensions Institute (PI).

Employers believe the Code of Good Practice attached to Pension Incentive Exercises (PIEs) has improved the reputation of such moves but reduced take-up rates, government research finds.