Law and Regulation
Five fiduciary management questions for trustees
As schemes face additional hurdles to appoint fiduciary managers, Paul Wharton outlines the key considerations for all trustees in the process.
Mineworkers and British Coal schemes succeed in a rare US securities fraud class action case
Holly Roach reports on how the schemes won a US class action case, reaching a $350m settlement.
Railway companies begin court battle over pensions role in franchising
A High Court battle has begun between the government and four railways companies after they were excluded from franchise bids due to their approach to the £27bn Railways Pension Scheme (RPS).
Further delays to sentencing of former trustee behind £250,000 scheme fraud
The sentencing of former Yateley Industries for the Disabled chief executive and chairman Patrick McLarry has been delayed again.
Pensions commission would create durable policy
As both centre-left and centre-right political think tanks agree on the need for a pensions commission, Gregg McClymont says this could provide a refreshed model for future pensions policy.
Government must usher in decade of AE renewal
The government must take advantage of its majority to push through further reforms to auto-enrolment, says James Phillips.
Simpler statements will boost engagement, says industry
Nearly two-thirds of this week’s 133 Pensions Buzz respondents believe the introduction of simpler and standardised annual benefit statements will help more members engage with their pension.
Treasury looks to 'raise tapered threshold to £150,000'
HM Treasury intends to give tax relief worth hundreds of millions of pounds to those earning over £110,000, it is being reported.
TPR to consult on DB funding code in March; Trusteeship plans in February
The Pensions Regulator (TPR) will launch the first of a two-part consultation on a revised defined benefit (DB) funding code in March, it has told PP.
Charles Counsell: 2020 will be a year of positive change
Changes are afoot in the pensions regulatory landscape in a bid to boost both security and outcomes for members. Charles Counsell reveals what you can expect from the regulator this year.
Dominic Chappell ordered to pay £9.5m into BHS pension schemes
The Upper Tribunal has told Dominic Chappell he must pay £9.5m into BHS’ pension schemes after committing actions detrimental to their funding.
Former accountant fined for misleading TPR over workplace pension duties
The Pensions Regulator (TPR) has fined a former accountant £4,987 after he failed to enrol staff into a workplace pension scheme.
Don't forget to look both ways
Schemes must use January to both reflect on 2019 and plan for 2020, says Vassos Vassou.
PLSA welcomes 'legislative clarity' on pension schemes bill
The Pensions and Lifetime Savings Association (PLSA) has welcomed the reintroduction of the pension schemes bill, after the government reaffirmed the details in the reopening of parliament this week.
TPR welcomes government's 'prompt' reintroduction of pension schemes bill
The Pensions Regulator (TPR) has welcomed the government’s latest update on the details of the pension schemes bill.
Government announces March Budget
HM Treasury has confirmed that the government will hold its Budget on 11 March.
Ten pensions predictions for 2020
2019 was a busy year on many fronts, and pensions was no exception. Paul Kitson gives his top ten predictions for the pensions industry in 2020.
Altmann: An 'opportune time' to consider AE compulsion and one-nation tax incentives
The government should consider making auto-enrolment (AE) minimum contributions compulsory and removing tax-relief from this sum, Baroness Ros Altmann says.
Simpler annual benefit statement proposals get positive response from industry
As the DWP’s consultation on simpler annual benefit statements closes, Holly Roach looks at the industry’s response.
Guy Opperman: Looking ahead to 2020 - another big year for pensions
The pension schemes bill is set to boost income and protection for pension scheme members, says Guy Opperman, making 2020 a pivotal year for retirement savings.
Net Pay Action Group urges government to deliver pensions tax manifesto pledge
The Net Pay Action Group (NPAG) is urging the government to deliver on its manifesto pledge to review unfair tax rules in pensions.
Government reintroduces pension schemes bill in Queen's Speech
The government will reintroduce the pension schemes bill as part of an “ambitious programme of domestic reform”, the Queen’s Speech confirmed today.
TPR urges trustees to 'engage early and be transparent'
Trustees are being urged to engage early with The Pensions Regulator (TPR) during corporate transactions and to be transparent to protect savers.
UPDATE 2: Bauer judgment - PPF has 'considerable latitude' in determining benefits, says ECJ
Pension lifeboat funds including the Pension Protection Fund (PPF) cannot be required to pay 100% of benefits, but must ensure members remain above the poverty threshold, the European Court of Justice (ECJ) has said.
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