Law and Regulation

The High Court ruling on guaranteed minimum pension (GMP) equalisation may have said various methods were possible but, in practice, schemes will find it fairly easy to implement, legal experts say.

Henry Tapper says the Lloyds GMP ruling will see little benefit for members but profound fees to administrators.

Defined benefit (DB) schemes and the Pension Protection Fund (PPF) are set to receive even less in sponsor insolvencies as the Treasury moves the taxman higher up the repayment ladder.

Jonathan Stapleton says the GMP headache may persist as schemes take action following ruling.

Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.

The PPF's fairly new chief executive talks to James Phillips about his first seven months in the role, his digitalisation and user experience agenda, and plans for the next three years.

Two men who put pension savers' money into "exotic, high risk and suspected scam investments" have been banned from being trustees by The Pensions Regulator (TPR).

The government and the Financial Conduct Authority (FCA) are "keeping under review" suggestions the regulator should update its rules on regulated firms buying leads obtained by cold-calling.

The government will gradually adopt a version of the Consumer Prices Index (CPI) which incorporates housing costs for pension funds and index-linked gilts, it confirmed today.

Shadow chancellor John McDonnell has pledged that existing pension fund investors in key utilities companies will be granted a long-term "stable return" if the party is able to press ahead with plans for renationalisation.