Law and Regulation

The government's National Fraud Initiative (NFI) has saved £144.8m over the past two years by helping detect and prevent occupational pension fraud and overpayments.

Veteran parliamentarian Frank Field has resigned the Labour whip to serve as an independent Labour MP, sparking uncertainty over his role as chair of the Work and Pensions Committee (WPC).

The Pensions Regulator (TPR) was made aware of 1,139 notifiable events from defined benefit (DB) schemes in the 2017/18 financial year, up 28% from 2016/17.

Some 10 million people in the UK stand to retire with £15,000 less if the government scraps the pension dashboard, according to research by 38 Degrees.

Mandatory tenders for fiduciary management services should be conducted on a closed basis with no minimum threshold for the number of managers involved, the Pensions and Lifetime Savings Association (PLSA) says.

The Pensions Regulator (TPR) has sent letters to defined benefit (DB) schemes encouraging trustees to consider cutting transfer values on offer when workers want to leave.

Lesley Browning doubts whether some, or indeed any, of the proposed powers for TPR would have prevented collapses like BHS and Carillion.

The Pensions Ombudsman (TPO) has said it expects 1,800 cases to be opened over the 2018/19 financial year, but it only has the resources to deal with 1,400.

Company bosses who deliberately dissolve their company to avoid paying pension contributions could be hit with disqualification under government plans.

Malcolm McClean questions whether we really need the complex tapered annual allowance, lifetime allowance and money purchase annual allowance at all