Law and Regulation
Accounts manager ordered to pay £5,000 for lying to TPR about meeting AE duties
An accounts manager has been ordered to pay £5,000 after trying to hide that fact that restaurants he worked with had not given their staff access to workplace pensions.
DWP needs fresh and 'robust' research programme on retirement planning, finds study
The government should invest in a bespoke survey on attitudes to work and pensions to avoid "missed opportunities", a feasibility report has concluded.
Opperman: Sidecar savings a 'chance to change the world'
Products which allow the public to save into both a pension and a liquid pot are an opportunity that all employers should be embracing, Guy Opperman has said.
£197m lost in a year to scammers; FCA issues new warning
The Financial Conduct Authority (FCA) has warned the public to be vigilant of investment scams as Action Fraud reveals more than £197m was lost to scams in 2018.
Government delays to pension reform 'could cost low earners £12,000'
A six-year delay in overhauling a pensions rule that penalises the low paid could cut a saver's pension by as much as £12,000, according to the Trades Union Congress (TUC).
DB superfund regime should be robust but not onerous
As the DWP's consultation on consolidation comes to a close, Stephanie Baxter takes a look at the industry's responses
TPR confirms end to 'serious' admin issues at Now Pensions
Now Pensions has overhauled its administration system after historic issues caused a failure in collecting and investing around 265,000 members' contributions.
Government faces £4bn extra annual pensions bill after age discrimination case
The government will pause planned changes to public sector pensions as it faces an estimated £4bn annual bill after losing a legal battle last year.
EXCLUSIVE: TPR pay review sparks staff discontent
The Pensions Regulator (TPR) has been warned it will be afflicted with an exodus of staff after a review of its pay structure, while those remaining will be disaffected and demotivated.
Two scam victims lose over £1m pension savings each to fraudsters
Two pension scam victims have lost more than £1m in savings each to fraudsters, data from Action Fraud reveals.
FCA reforms wake-up packs; consults further on investment pathways
Pensions wake-up packs must be reformed by November this year to comprise a single-page summary document, the Financial Conduct Authority (FCA) has said.
XPS Pensions: Trustees must 'wake up and smell the coffee' after CMA review
Some investment consultants and fiduciary managers may be misrepresenting the conclusions of a major market competition review to clients, XPS Pensions says.
Treasury agrees £330m guarantee for NEST authorisation
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
The pension industry's hopes and concerns for CDC
As the DWP's consultation on collective DC closes, Stephanie Baxter finds most responses are broadly supportive but some are critical, pointing out there is a long way to go to get it right
Should professional trustees be a scheme requirement?
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
CDC must have a strong member voice
Tim Sharp warns the DWP's plans for collective DC risk establishing an inhospitable environment for the lay trustee
What will no-deal Brexit mean for cross-border schemes?
The government's latest draft no-deal Brexit regulations outline the end of the cross-border regime, but offer no guarantee of protection for members. James Phillips reports.
EXCLUSIVE: TPR to consider mandatory use of professional trustees
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.
'These are not normal times': Reaction to May's defeat as attention turns to no-confidence vote
Industry commentators are expecting markets to remain volatile as uncertainty continues following the historic defeat for Prime Minister Theresa May's Brexit deal on Tuesday night.
High Court reverts Ombudsman decision over Coats' increases
Coats' pension scheme members are not entitled to annual increases of 5%, the High Court has ruled in a rare instance of a court overturning a decision of The Pensions Ombudsman.
BA trustees granted extra £1m for appeal as costs exceed discretionary increase
Trustees of the Airways Pension Scheme (APS) have been granted permission to use more than £1m of scheme assets to fund an appeal over discretionary increases.
LGPS divestment campaign heads to Supreme Court
Government rules over ethical investment in the Local Government Pension Scheme (LGPS) will hit the Supreme Court as campaigners contest state interference.
Industry split on whether TPR needs a new strategy
This week's Pensions Buzz respondents were almost equally split on whether The Pensions Regulator (TPR) needed a fresh strategy as its chief executive changes.
Outsourced government workers to keep LGPS membership
Local government workers who are outsourced to independent contractors will soon be allowed to remain in the Local Government Pension Scheme (LGPS).
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