Law and Regulation

As US savers fight their pension schemes over high costs and charges, there is concern British trustees could see similar action. James Phillips reports

Three out of ten people are using the pension freedoms to put extra cash in bank accounts due to concerns about the economy, according to Citizens Advice.

Allowing struggling defined benefit (DB) schemes to temporarily stop paying pension increases could help them get back on track while avoiding huge cuts to members' pensions.

Malcolm McLean wonders whether Sir Philip Green will accept a moral responsibility to deal with the BHS pension deficit.

The Pension Ombudsman (PO) has cleared Standard Life of misleading a customer about the value of his retirement pot, after he accidentally exceeded his lifetime allowance.

Long-awaited changes to the Pension Protection Fund (PPF) compensation cap are facing continued delays, PP understands

A consultation into capping early exit charges for occupational pensions has revealed how "torturous and more opaque" the system is compared to personal pensions.

The regulator should completely ban all pension early exit charges to prevent any saver being penalised for taking advantage of the freedom and choice reforms, Hargreaves Lansdown has said.

DWP's consultation on capping exit charges in occupational schemes has closed. Despite agreement on removing barriers to the freedoms, Michael Klimes finds there will be major administration hurdles.

The Pensions Regulator (TPR) has issued PTL with the maximum fine after it failed to prepare annual governance statements for three schemes.