Law and Regulation

Legislation to establish the necessary changes for defined ambition (DA) is expected to reach Parliament in 2015.

Retirees could be given the chance to switch annuity providers during a one-year ‘cooling off period' after agreeing a contract, pensions minister Steve Webb says.

The Pensions Regulator's (TPR) defined benefit (DB) code of practice has been dismissed as ‘500 pages of garbage' by BESTrutees chairman and former non-executive director at the watchdog Alan Pickering.

A British Airways (BA) pensioner will not continue with a Pensions Ombudsman (PO) complaint against the Airways Pension Scheme (APS) trustees as they have become embroiled in a court battle with the airline.

This week, Buzz respondents said trustees must get better at understanding fees.

LEBC has updated its aeComply service to include a solution for firms that have so far failed to meet their auto-enrolment (AE) duties.

There was only very limited support from Buzz respondents for the idea of replacing tax relief with a simple system of matching contributions.

The Financial Conduct Authority's (FCA) thematic review of the annuity market has been criticised for not going far enough, fast enough.

The Department for Work and Pensions (DWP) will consult on an auto-enrolment (AE) exemption for employees who have already opted out of contractual enrolment.

Pension industry organisations have criticised the Department for Work and Pensions' (DWP) decision to block the use of statutory override for former public sector pensions.