Law and Regulation
Pensions fraud suspect extradited to UK in TPR first
The Pensions Regulator (TPR) has secured the extradition of a suspected fraudster following engagement with the Metropolitan Police.
Regulation of actuarial profession to be overhauled as part of BEIS reforms
The government has put forward proposals to introduce a strengthened, statutory basis for the regulation of the actuarial profession.
TPR consults on 149-page single code of practice
The Pensions Regulator (TPR) has launched a consultation on amalgamating ten of its 15 codes of practice into a single 149-page document.
The Budget: Another missed opportunity for simplification
Cyprian Njamma says the government’s changes to allowances could make it hard for savers to overcome complexities, thereby disincentivising saving for retirement.
ACA response to DWP climate paper urges support for trustees
Trustees need support for what is a major extension of their role as part of the move to improve pension scheme reporting on climate change, the Association of Consulting Actuaries (ACA) says.
'Fundamental shift' for TPR as 15-year strategy highlights biggest differences for savers
The Pensions Regulator (TPR) has confirmed what it calls a “fundamental shift” in its approach to workplace pensions, unveiling a corporate strategy increasingly focused on defined contribution (DC) savers.
Charles Counsell: Our strategy to enhance and protecting savers' pensions
Charles Counsell sets out TPR's new 15-year strategy is designed to secure and grow members' savings and confidence in retirement.
Government to consult on simpler statements as Opperman hints on 'statement season'
The government will consult on mandating the use of simpler annual statements while also setting out an approach to a “pension statement season”, says Guy Opperman.
DWP confirms general levy hike from April; Option one chosen
The Department for Work and Pensions (DWP) has confirmed that it will increase the general levy pension rates from April 2021 in line with its preferred option.
DWP delays consultation response on trustee oversight of investment consultants
The Department for Work and Pensions (DWP) has delayed further a consultation response and final regulations to enact requirements relating to investment consultants.
Pensions minister sets out timetable for Pension Schemes Act regulations
Pensions minister Guy Opperman has set out a timetable for secondary legislation to bring Pension Schemes Act provisions into force.
What a ban on corporate directors could mean for schemes
Shane O'Reilly and Julia Chirnside look at how a government proposal could put professional trustees in breach of the law.
MPs to investigate advice in ongoing pensions freedoms inquiry
MPs on the Work and Pensions Committee (WPC) will assess the availability of financial advice in the second stage of its pensions freedom inquiry.
TPR publishes full details of charity pension trustee fraud case
The Pensions Regulator (TPR) has published a regulatory intervention report on the case of jailed former charity for the disabled trustee and chief executive Patrick McLarry.
Uber drivers win pension rights
Uber drivers have once again won a legal battle to access to workers’ rights including auto-enrolment (AE) pensions, the minimum wage, and paid holidays.
The challenge of GMP equalisation continues
Pension professionals will need to get to grips with a number of points in order to effectively implement the most recent GMP decision, write Stephen Richards and Julia Ward.
Finalisation of net pay review vital in Budget, Now Pensions says
Chancellor Rishi Sunak must conclude the net pay review in the upcoming Budget to support the retirement income of low-paid workers, Now Pensions says.
Guy Opperman: Landmark legislation moves pensions into the digital age
The Pension Schemes Act 2021 will revolutionise savings and help build back better and greener, says Guy Opperman.
Opperman: Secondary legislation now priority following Royal Assent for Pension Schemes Act
Minister for Pensions and financial inclusion minister Guy Opperman has pledged to make secondary legislation for the Pension Schemes Act his “number one” priority over the coming months.
Government sets out plans to raise normal minimum pensions age to 57 by 2028
The normal minimum pension age (NMPA) is set to increase to 57 under plans unveiled in a government consultation today (11 February).
Pension Schemes Act 2021 becomes law with DB, CDC, ESG and dashboard rules
Enhanced criminal and civil sanctions for defined benefit (DB) scheme negligence have become law after the Pension Schemes Act 2021 gained its place on the statute book.
Treasury opts to give members deferred choice on McCloud remedy
The government has opted to proceed with its “deferred choice underpin” (DCU) route for implementing a remedy to the McCloud judgment for public sector workers.
'Disappointed' PLSA calls for structural reform as part of DWP's general levy proposals
The Pensions and Lifetime Savings Association (PLSA) has expressed it is disappointed with the Department for Work and Pensions’ (DWP) general levy consultation – saying there should be no increase in the levy without structural reform.
New TPR powers could lead to upsurge in clearance applications
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
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