Law and Regulation
Government confirms November Budget
HM Treasury has announced that the government’s next Budget will take place on 6 November, although this depends on the outcome of the Brexit negotiations.
PPF now paying higher compensation to all members affected solely by caps
The Pension Protection Fund (PPF) has begun increasing payments to all pensioner members whose compensation falls below 50% of their pre-insolvency entitlements solely due to caps.
Malcolm Weir: How the PPF deals with corporate restructures
The PPF is increasingly being called to vote on behalf of pension schemes in the event of a CVA process. James Phillips speaks to Malcolm Weir about the lifeboat fund’s capabilities.
Why pensions considerations are moving up the management agenda
The collapse of Thomas Cook shows how company boards must give greater attention to how pay and dividends contrast to pension scheme contributions, says Stephen Richards .
PLSA: Majority of schemes have taken action to mitigate Brexit
Pension schemes have considerably stepped up their preparations for Brexit over the last year, despite the outcome still not being known, the Pensions and Lifetime Savings Association (PLSA) has found.
Business raided for pensions cold calling in ICO's first move since ban
The Information Commissioner’s Office (ICO) has searched an unnamed business premises in Chichester as part of an investigation of the firm suspected of making nuisance pensions calls.
Pension bosses handed 34-year ban for £12m pension liberation 'house of cards'
Three directors who liberated just under £12m worth of pension savings have been disqualified for a total of 34 years for misleading investors over a period of 30 months.
Anna Copestake: Don't be afraid to say yes
Arc Pensions Law partner Anna Copestake scooped the Pensions Lawyer of the Year award at PP’s Women in Pensions Awards. She talks to Holly Roach about her successes to date.
The hopes and concerns for the future of trusteeship
TPR’s consultation on the future of trusteeship closed last week, but there are mixed views on its proposals. Kim Kaveh looks at the industry’s responses.
FCA fines Prudential £23.9m for non-advised annuity sale failures
The Financial Conduct Authority (FCA) has fined Prudential £23.9m for failures relating to non-advised sales of annuities.
Why changes to SIPs will be positive but not radical
From October, trustees need to show how they are factoring ESG issues into investment decisions. Holly Roach explores why the changes may not be radical but could boost member engagement.
Rothesay Life appeals High Court block on Prudential annuity transfer
Rothesay Life has lodged an appeal against the High Court’s decision to block the £12bn transfer of Prudential’s annuity book.
How schemes should be acting after CMA review
As pension schemes grapple with new fiduciary management and investment consulting rules, Charlotte Moore asks what trustees need to do
Should there be a single definition of value for money?
An agreed definition of value for money would make it easier for members to compare pensions, but it could be difficult as schemes are so different, writes Kim Kaveh.
No evidence to suggest opt-out surge after April contribution rate hike, TPR says
There has been no evidence to suggest that a “significant number” of people have opted out of their pension scheme after the final contribution rate hike, The Pensions Regulator (TPR) has said.
Should all schemes have a professional trustee?
The PMI has gauged views on whether all schemes should have a mandatory professional trustee. Kim Kaveh looks at the results of its member survey
Industry generally positive over TPR guidance on investment governance
As The Pensions Regulator’s consultation on investment governance guidance closes, Holly Roach looks at the industry’s response.
Trustees prepared for upcoming ESG regulations but admit to implementation challenges
Some 96% of trustees are ready for upcoming ESG regulations which will require schemes to agree their approach to responsible investment, according to Hymans Robertson.
Star: Defining and demonstrating transfer excellence
Schemes already face a legislative requirement to carry out transfers promptly and efficiently, so they should voluntarily get on board with the industry-developed solution, says Tom McPhail
PP Brexit Advisory Panel: Why schemes must prepare for all outcomes
Professional Pensions' expert Brexit Advisory Panel discusses the key considerations for schemes ahead of the UK's potential exit from the European Union
Why TPR is asking whether professional trustees should be mandatory
Professional trustees can improve scheme governance, clear up misunderstandings, and ensure regulatory compliance, argues David Fairs
TPR launches prosecution against director of professional trustee firm
The director of a professional trustee firm is being prosecuted by The Pensions Regulator (TPR) for failing to provide information and documents requested as part of an ongoing investigation.
UPDATED: The full list of pensions ministers since 1998
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.
One year on from Hampshire: Uprated PPF benefits being paid but answers still needed
Key questions are still yet to be answered over how much compensation members receive from the Pension Protection Fund (PPF) a year after a landmark court ruling.
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