Law and Regulation

An EU referendum would have serious implications for UK schemes

Top stories this week include £100,000 stuck in a suspected pension liberation scam, advice on deflation, and a trustee fined over transfer delays. Here's what you might have missed.

The Pensions Regulator (TPR) is pursuing a £382,136 claim against a man after he bought Carrington Wire from the Russian steel company Severstal for £1.

Most of the industry believes The Pensions Regulator (TPR) should focus on improving member outcomes rather than minimising the risk of detriment, according to research from PP.

The industry should be ready for another pensions act in 2016 which will clarify European regulations for UK schemes, says Dalriada Trustees director Adrian Kennett.

A High Court ruling protecting the pension of a man who went into bankruptcy will be challenged in the Court of Appeal next January.

The government has pledged to keep the triple lock on state pension increases until 2020 and to leave pensioner benefits such as the winter fuel allowance untouched.

The High Court has dismissed an appeal brought against the BBC after it limited the amount of pensionable pay on salary increases to 1% per year in a bid to plugs its scheme deficit.

Former shadow pensions minister Nigel Waterson has some words of advice

A trustee has been fined £250 for failing to respond to requests for a pension transfer submitted by a fellow trustee of a plumber's benefit plan known as the TPR Executive Pension Scheme.