Law and Regulation
Lay trustees still have a role to play in scheme governance
The regulator must not forget the important role of lay trustees as it boosts standards of professionals, argues Jonathan Stapleton.
Professional trustee accreditation framework delayed
The launch of the professional trustee accreditation process, set up by the Professional Trustee Standards Working Group (PTSWG), has been delayed until "later this year".
Pension negligence lands boss with seven-year ban
An insurance company director has been banned from company directorships after failing to keep adequate records and provide scheme members with up-to-date information.
BT blocked from third attempt to swap pensions index
BT will not be able to swap the index used to uprate part of its pension scheme after the Supreme Court denied permission to appeal, closing all legal avenues.
We need a new independent pensions commission, say Buzz respondents
Pensions Buzz peers agreed with pensions and financial inclusion minister Guy Opperman and former shadow chancellor Ed Balls that now might be the time for a fresh commission.
Anthony Arter: Quicker dispute resolutions are in everyone's interests
The Pensions Ombudsman is in the middle of an ongoing programme of change, speeding up dispute processes and seeking informal resolutions. James Phillips asks what to expect next.
Affordable housing: A big idea opportunity for pension funds
Brian Cronin says an affordable housing equity fund would provide a lifeline to dealing with the housing crisis and also give a much-needed boost to pensions
TPR sets up industry group for enhanced law on climate change disclosure
Pension fund investors could face further disclosure requirements on ESG matters as an industry working group considers fresh law for trustees for as soon as next year.
TPR launches consultation on future of trusteeship
The Pensions Regulator (TPR) has launched a consultation on scheme governance and trusteeship, urging "badly-run schemes" to improve or consolidate.
David Fairs: Why we're pushing schemes out of the market
The regulator is looking to accelerate the consolidation of pension schemes. David Fairs explains why.
Robin Ellison: The dangers of over-professionalising trusteeship
Robin Ellison explains why lay trustees continue to have an essential part to play in trusteeship, despite the regulatory drive towards professionalisation.
Government denied permission to appeal £4bn per year discrimination ruling
The government must find an additional £4bn of annual funding for public service pensions after it was denied leave to appeal a case concerning age discrimination.
TPR updates DC investment guidance to reflect upcoming ESG regulations
The Pensions Regulator (TPR) has updated its defined contribution (DC) investment guidance to reflect changes to upcoming ESG regulations, following requests from the industry for further information.
Ed Balls: I back Opperman on need for fresh pensions commission
Ed Balls has backed the idea of holding a fresh pensions commission after the minister for pensions and financial inclusion, Guy Opperman, indicated support for such a review.
Video: CDC trustees should undergo fit and proper tests
Association of British Insurers policy adviser Hetty Hughes talks about how CDC should develop.
Opperman: I can see force of fresh pensions commission
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Minimum AE contribution rates could rise to 12% by 2030
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.
PBUK - Charles Counsell: TPR will not stand still amid sea-change of challenges
The Pensions Regulator (TPR) will continue to change under the helm of Charles Counsell as it rolls out more of its TPR Future programme and develops a long-term strategy, he has said.
Where the regulator needs to be clearer
Panellists at an industry roundtable discuss their need for more clarity and balance from the regulator. James Phillips reports
Why trustees need to think about financial sanction checking
Trustees don't usually think about financial sanctions. But Edward Brown says they should be aware of the issue and take steps to minimise risks.
Court of Appeal rejects ITV appeal against TPR in Box Clever case
The Court of Appeal has dismissed ITV's appeal against a financial support direction (FSD) issued by The Pensions Regulator (TPR) in a long-running case over the Box Clever Pension Scheme.
Hymans Robertson calls for clarification over impact of CMA order on LGPS funds
Local Government Pension Scheme (LGPS) funds must set investment objectives after the competition watchdog expanded those caught by its market investigation, but more clarity is needed, Hymans Robertson has said.
Professional trustee accreditation process intended to launch on 1 July
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).
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