Law and Regulation
Govt to consult on CDC in autumn as part of 'ambitious programme of work'
Collective defined contribution (CDC) schemes have taken another step towards reality as the government confirmed it will consult on the "interesting new possibilities" this autumn.
TPR: Quarter of master trusts confirmed to quit market so far
At least 24 master trusts will close shop as the authorisation regime comes into force, representing a quarter of the market, The Pensions Regulator (TPR) has confirmed.
Esther McVey allays dashboard fears and backs industry to deliver
Work and pensions secretary Esther McVey has backed the pensions industry to deliver the pensions dashboard after months of uncertainty surrounding the project.
Ombudsman finds Royal London misread own death benefit discretion rules
The Pensions Ombudsman (TPO) has determined against Royal London in a case where death benefits were paid out to a member's ex-girlfriend.
Closet tracker scandal: Are schemes getting what they pay for?
Pension funds may be sitting on valuable claims if it can be proven that active management would have led to higher returns compared to a tracker fund, write Simon Bushell and Daniel Spendlove
Nine in 10 people affected by 'scourge of cold callers'
More than half of savers are worried about the government's delay to initiate a ban on cold calling, Aegon says as its research also reveals 91% have received them.
Fraud initiative saves £144m in two years by preventing pension fraud and error
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.
Update: WPC chairmanship in doubt as Field resigns Labour whip
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).
Reported notifiable events surge 28% ahead of framework review
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.
Millions could 'lose £15,000' if govt scraps pension dashboard
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.
Exclusive: PLSA calls for mandatory FM tenders to be run on closed basis
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.
Pensions regulator urges schemes to cut transfer values
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.
More muscle to the regulator or just Big Brother?
Lesley Browning doubts whether some, or indeed any, of the proposed powers for TPR would have prevented collapses like BHS and Carillion.
Ombudsman won't have resource to deal with estimated 400 cases in 2018/19
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.
Pension-dodging 'phoenix' company bosses face disqualification
Company bosses who deliberately dissolve their company to avoid paying pension contributions could be hit with disqualification under government plans.
Tax rules and pensions: A very toxic mix
Malcolm McClean questions whether we really need the complex tapered annual allowance, lifetime allowance and money purchase annual allowance at all
Government concedes EU pensions loss in no-deal Brexit scenario
More than 300,000 pensioners may lose access to their pensions if the UK is unable to agree a Brexit deal, the government has conceded.
Dominic Chappell takes £10m BHS bill to court
Former BHS owner Dominic Chappell will contest the £9.5m bill demanded by The Pensions Regulator (TPR), the watchdog has confirmed.
Fiduciary appointments should require independent advice
Patrick McCoy says the CMA's proposal for all fiduciary management appointments to go to tender will only work if pension funds take independent investment advice
Industry says strengthened TPR will require extra resource
Stephanie Baxter gauges industry reaction to the government's consultation on strengthening the powers of The Pensions Regulator
Updated: Key dates for pensions in 2018
PP has compiled a list of what to watch out for over the coming months.
Regulatory cooperation needed post-Brexit to combat EU-based scammers, says PMI
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
TPR uses production order power for first time; revokes 74 chair's statement fines
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
Airways Pension Scheme defers appeal decision to September
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
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