Law and Regulation

Small employers and those who have not previously offered pensions are unlikely to adopt the Department for Work and Pensions' (DWP) defined ambition (DA) ideas, Steve Webb says.

Employers support many of the principles set out in today's defined ambition (DA) consultation, according to research from the Association of Consulting Actuaries (ACA).

Trusteeship in the UK is much more structured and rigorously regulated than in the US but takes longer to get to grips with, according to Prudential Fixed Income head of liability-driven investment (LDI) Gary Knapp.

Scrapping defined benefit (DB) indexation will be controversial but collective defined contribution (DC) plans outlined in the government's defined ambition (DA) paper could prove popular, the industry says.

The Department for Work and Pensions (DWP) has published its long-awaited defined ambition (DA) paper, setting out three proposals for new structures for schemes.

Jack Jones examines concerns over the latest plans to introduce a Holistic Balance Sheet

The Pensions Regulator's (TPR) guidance on double counting in multi-employer defined benefit (DB) schemes is misguided, widely cast and could force employers to cut deficit payments, according to lawyers.

Which? has launched a campaign for an annual management charge (AMC)cap of 0.5% for all schemes, despite claims this would outlaw the National Employment Savings Trust (NEST).

Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.

Schemes and insurers could face a levy to fund the European Insurance and Occupational Pensions Authority (EIOPA) under a European Parliament proposal to give the organisation an independent budget.