Law and Regulation

The new tax year brings a number of changes to the pensions world, not least the first round of phasing for auto-enrolled employees.

The regulator is not striking the right balance in its 'clearer, quicker and tougher' approach on enforcement, according to this week's Pensions Buzz respondents.

Strong employers should consider contributing more money to reduce pension deficits over a shorter period of time, especially where they are paying out excessive shareholder dividends, the watchdog has said.

Investment managers and law firms have ranked worst for the median pay gap between men and women among 85 firms involved in occupational pensions analysed by PP.

Will assess use of benchmarks

The Work and Pensions Committee has called for the government to introduce an auto-drawdown option while allowing NEST to offer decumulation products, James Phillips reports

The People's Pension has absorbed almost £20m in funds under management after completing the transfer of master trust Your Workplace Pension.

The Insolvency Service has placed six firms overseeing 15 occupational pension schemes into provisional liquidation after an investigation.

The Pensions Regulator (TPR) is to prosecute recruitment company Workchain and seven of its directors and senior staff for allegedly using a computer programme to terminate employees' membership.

The CMA's latest working paper finds trustees are very likely to choose their existing investment consultant for a fiduciary management mandate without third-party advice, James Phillips reports