Law and Regulation

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The Department for Work and Pensions has promised a better working relationship between the Pensions Regulator and the Financial Services Authority and said joint thematic reviews are planned.

The Department for Work and Pensions is considering an outright ban on consultancy charges on pensions which are borne by members.

Pensions minister Steve Webb has reiterated his opposition to a cap on scheme charges and said he prefers to "shame" or "praise" schemes and employers to encourage high quality provision.

The Office of Tax Simplification has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.

A group of 22 pension schemes has dropped a High Court case against Henderson Equity Partners for breach of mandate, after the fund manager agreed to pay legal costs.

The smallest occupational schemes will only have to send scheme returns to The Pensions Regulator once every five years under the draft pensions bill published today.

International Accounting Standards Board chairman Hans Hoogervorst has admitted weaknesses in accounting standards allowed banks to hide losses and front-load profits in the run up to the financial crisis.

The state pension reforms announced yesterday have been widely welcomed as a much-needed simplification, but where there are winners, there must be losers.

The Department for Work and Pensions is under pressure to speed up plans for a ‘defined ambition' middle-ground, as experts predict the end of contracting out could spark a wave of defined benefit closures.