Law and Regulation

More than 60% of trust-based schemes do not provide access to a flexible drawdown facility, suggesting a slow response to the April freedoms, according to Willis Towers Watson.

A group of local authorities have joined forces under a major project to tell the government how the local government pension scheme (LGPS) should be pooled.

Robin Ellison asks how we can simplify scheme return documents.

This week in pensions speculation was rife over tax relief reforms, the chancellor announced a cap on exit fees, and DB was set to vanish from the FTSE 250 within a year.

The National Employment Savings Trust (NEST) is consulting on proposed changes to its rules to bring them in line with new legislation and lifting of restrictions on the scheme.

The Pension Protection Fund (PPF) has published refreshed guidance for restructuring and insolvency professionals (IP).

Amid concern that the cap on exit fees only applies to contract-based schemes, the minister has confirmed that a separate cap will be imposed on trust-based schemes.

The Treasury will legislate to cap excessive early exit charges levied on savers using pension freedom, it has confirmed.

The Pensions and Lifetime Savings Association (PLSA) has called for proposed retirement risk warning regulations to be altered in a bid to bring them more in line with practice in the contract-based sector.

Trying to anticipate future pension reform is causing problems for schemes finds Helen Morrissey.