Law and Regulation
Labour plans for company share redistribution could 'cost pension funds £25bn'
The Labour party's proposed inclusive ownership proposals could cost UK workplace pension funds £25bn, according to an analysis by international law firm Clifford Chance.
Smart Pension and Lewis master trust authorised
Smart Pension and The Lewis Workplace Pension Trust have been authorised by The Pensions Regulator (TPR), taking the total number of approved schemes to 22.
TPR to prosecute businessman over failure to provide company documents
A businessman is to be prosecuted by The Pensions Regulator (TPR) for failing to reveal information about companies he owns or runs.
Demolishing the tax structure
Any changes to pensions taxation must be deliberate, planned and controlled, with a clear end objective in mind, says Richard Butcher
Pensions bill possible as date set for Queen's Speech
Boris Johnson's government will deliver its first Queen's Speech on 14 October, the prime minister has announced.
Armed forces hit by annual allowance issue
Nearly 4,000 members of the Armed Forces Pension Schemes breached their annual tax-free pensions savings limit in 2017/2018, a freedom of information (FOI) request has revealed.
Updated: Key dates for pensions
PP has compiled a list of what to watch out for over the coming months.
Ombudsman to appoint COO and NEDs after government review
The Pensions Ombudsman (TPO) must make significant changes to its leadership structure in order to provide "additional insight… and more challenge on organisational strategy", a governmental evaluation has concluded.
Boris Johnson will create pension tax relief 'losers' with mooted income tax reforms
Boris Johnson's mooted income tax reforms would create a double-edged sword whereby income tax winners would become pension tax relief losers, according to research by Aegon.
Standalone funds not always subject to CMA tender rules
Pension funds that decide to invest in standalone fiduciary management funds are being reassured that they will not be subject to mandatory tendering requirements.
London-based employer handed £350,000 fine for pension duties failure
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
Court ruling 'raises the bar' for pensions rectification cases
Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.
Remember, remember the 10th of December…
Trustees risk leaving their scheme ungovernable if they do not get in place strategic objectives for investment advisers, warns John Paterson.
David Fairs: Trustees have a tremendous responsibility, so it is right to expect knowledge and understanding
Member-nominated trustees bring clear value to scheme boards, but it is important their knowledge is up to scratch, says David Fairs
DWP to legislate for additional ombudsman powers to facilitate early resolution
The government is looking to bring forward legislation to give The Pensions Ombudsman (TPO) additional powers, including an early resolution function, "in due course".
Government to review tapered pension tax rules for NHS doctors
The government has put forward proposals to review pensions tax relief rules in order to give senior NHS clinicians full flexibility over the amount that they contribute to their pensions.
Five million scheme members at risk of falling prey to scammers
Five million pension savers could be putting their retirement pots at risk to scammers, The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) warn as part of their latest ScamSmart campaign.
TPR to prosecute recruitment agency over AE duty failure suspicions
A recruitment agency and its managing director are to be prosecuted by The Pensions Regulator (TPR) on suspicion of trying to avoid providing staff with a workplace pension.
TPR issues nearly 1,000 section 72 information requests in nine years
The Pensions Regulator (TPR) has issued 937 requests for information under section 72 of the Pensions Act 2004 since its records began in 2010.
WPC calls for 'agreed definition' of value for money in wide-ranging pension transparency report
The government and regulators should not wait for the industry to "fail to act voluntarily" to provide value for money in pensions, the Work and Pensions Committee (WPC) says.
TPR consults on investment governance guidance for CMA recommendations
The Pensions Regulator (TPR) is inviting responses from pension trustees and advisers in a consultation on four draft guides to support tougher investment governance rules.
Reaction: FCA contingent charging ban proposal welcomed by industry but challenges remain
The industry has broadly praised the Financial Conduct Authority's (FCA) proposal to ban contingent charging on defined benefit (DB) transfer advice as a move towards improving retirement outcomes.
FCA to implement compulsory investment pathways for non-advised drawdown
Defined contribution (DC) drawdown providers will have to offer non-advised consumers investment pathways from August 2020, the Financial Conduct Authority (FCA) says.
FCA weighs up U-turn to ban contingent charging on DB transfers
The Financial Conduct Authority (FCA) is consulting on plans to ban contingent charging on defined benefit (DB) transfer advice for the second time in less than a year.
Most read
