Law and Regulation

Plans to introduce a standardised member benefit statement across Europe would needlessly increase costs for members, warn trustees.

Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.

The Smith Commission has proposed the Scottish Parliament should get more powers over tax. Jonathan Stapleton discovers what this means for pensions and how schemes and employers can define who is a Scottish taxpayer

Henry Tapper says caps are unpalatable, but necessary if the industry won't sort itself out

Jack Jones says a commission would improve policy but not fire voters' imaginations

PP looks at the role a Retirement Savings Commission could play in shaping policy in the UK

HM Revenue & Customs (HMRC) has clarified its position on why certain retirees using standalone lump sums trigger a reduced annual allowance.

Stephanie Baxter asks if there are better ways to engage members

The pensions industry has rejected government proposals to tinker with auto-enrolment (AE) earning thresholds and called for a complete overhaul.

The government has dropped plans to fine savers who access defined contribution (DC) pots under changes announced in the Budget but fail to alert all their previous pension providers.