Law and Regulation

Schemes could be subject to CVA charge for period of weeks or months

Top stories on PP online this week include Mark Carney warning fund giants and potentially higher FTSE 350 DB deficits.

The Pensions Regulator (TPR) has urged defined contribution (DC) trustees to ensure they are on track to meet charge capping and governance requirements introduced in April.

The vast majority of people in the industry believe the tax treatment of pensions is an effective incentive for people to save for retirement, according to research.

The Pensions Ombudsman (PO) has ruled in favour of a deferred member of the Local Government Pension Scheme (LGPS) who sought early access to her pension.

Reported deficits of FTSE 350 defined benefit (DB) schemes could be set for a 20-fold increase if an EU-wide holistic balance sheet (HBS) is introduced, warns Barnett Waddingham.

The government's green paper on tax relief has been welcomed by the Trades Union Congress (TUC).

The Pensions Ombudsman (PO) has rejected claims that Capita "unreasonably" delayed a pension transfer out of the Travel Automation Systems Retirement Benefits Scheme into a Guernsey-based scheme.

The amount of tax the government has collected from people breaching the lifetime pension allowance (LTA) has risen by 276% since George Osborne became Chancellor.

The Pensions Regulator (TPR) has told defined benefit trustees to assess employer covenants as part of their triennial valuations, and monitor employer support regularly.