Law and Regulation

The burden of complying with an updated European pensions directive and changes announced in the Budget could lead employers to wind up small schemes, warns a consultant.

The Pension Liberation Industry Group is set to release its code of practice on pensions transfers in early July.

Enabling transfers from defined benefit (DB) to defined contribution (DC) schemes post Budget opens up a "huge continuum of potential outcomes" for DB schemes according to TPR's Stephen Soper.

Dame Anne Begg has criticised the government for launching a major overhaul of the pension system without considering the long-term effect.

The industry is uncertain what the impact of the new voluntary assurance regime for master trusts, PP research finds.

The Pensions Regulator has launched a consultation on the procedures it uses when it makes executive decisions on cases instead of referring them to the Determinations Panel.

A significant section of the industry believes the government should axe the state pension 'triple lock', according to PP research.

Around two thirds of small schemes do not take action to prevent pension liberation fraud, according to a survey from The Pensions Regulator (TPR).

The Pensions Bill has received Royal Assent in Parliament, bringing reforms to state pension and the abolition of defined benefit (DB) contracting out closer.

The Financial Reporting Council (FRC) has formally agreed proposals from the Investment Management Association (IMA) that will see fund managers break down profits and losses in pounds and pence figures for the first time.