Law and Regulation

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.

The promise of guidance at retirement "does not go far enough" and a new form of retirement-focused advice must be created by the regulator, according to Royal London.

Malcolm McLean predicts politicians will target tax relief ahead of the general election

The lifting of restrictions on how defined contribution (DC) savers take their pots will not necessarily mean the end of the annuity market, says the Pensions Policy Institute (PPI).

The industry believes putting a parliamentary guarantee on the 25% tax-free lump sum would increase saving, according to PP research.

Lobby groups with a vested interest in increasing regulation are having an unhealthy impact on government policy, according to PP research.

Master trusts do not need further oversight to maintain standards, Sarah Smart argues

The master trust sector needs compulsory regulation not voluntary assurance, says Morten Nilsson.