Law and Regulation

The trustee of Desmond & Sons Pension Scheme has won its bid to hold a third director liable for debts of the fund.

Industry figures have called for regulatory intervention to solve the compensation gap for members within third-party life funds.

The Pensions Regulator (TPR) has used its powers to appoint Dalriada as trustee to 44 suspected pension liberation schemes since May 2011.

Jonathan Stapleton says the defined ambition proposals offer a sensible solution

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