Law and Regulation

Updated accounting practices could create headaches for pension schemes. Philip Briggs outlines what trustees need to know.

PAC inquiry will be 'litmus test' for auto-enrolment

Almost 5.5 million people in 60,000 firms have been automatically enrolled since 2012, according to the latest government figures.

The pension system is still penalising women

Trustees of the Brunel pension fund have agreed a recovery plan with the scheme's sponsor, which is being investigated by The Pensions Regulator (TPR) over concerns about a corporate restructuring.

The Financial Conduct Authority (FCA) is investigating asset managers and investment consultants over concerns about value for money and conflicts of interest.

Fraudsters don't stick to just one scam

The Pension Protection Fund (PPF) Ombudsman has rejected attempts by a pension scheme to have £132,097 of interest on a late payment of its levy waived.

The Pension Quality Mark (PQM) has launched a consultation on developing a kite mark for retirement income products.

The Society of Pensions Professionals (SPP) has published two standardised reporting statements to help trustees and independent governance committees (IGCs) comply with recently-introduced governance requirements.