Law and Regulation

The Insolvency Service has shut down two trustee companies after an investigation found they had failed to seek independent investment advice, comply with their own governance statements, and adhere to regulation.

Ashley Wilson Solicitors and one of its partners have been fined £16,000 for refusing to give The Pensions Regulator (TPR) documents for an investigation, in the first use of one of its powers.

The Pensions Ombudsman (TPO) has ruled Enfield Council cannot withhold pension benefits for a man who embezzled nearly £500,000, due to the Local Government Pension Scheme (LGPS) rules.

Anna Copestake says trustees must think carefully about acting as trustees in their own name.

The government has been urged to allow Lifetime ISA (LISA) savers to use their pots to pay for financial advice, putting the product on par with pensions and other ISAs.

Labour has accused The Pensions Regulator (TPR) of being too passive in improving member representation in master trust governance.

The Pensions Regulator (TPR) has published a guide on investment for defined benefit (DB) trustees as the next stage of its campaign to raise governance standards.

The government must find other ways to work out how to set the state pension age (SPA), says Adrian Boulding.

The Investment Association (IA) has said it will work with regulators and other trade associations to develop a consistent disclosure code across all asset types.

The government is planning to release proposals on pension scams, reducing fees and charges, and improving transparency "very soon", according to Richard Harrington.