Law and Regulation

Prime Minister David Cameron denied the end of contracting out will create a wave of further closures of final salary pension schemes.

Employers with final salary schemes face a hike in National Insurance contributions which could foreshadow another round of DB closures, as the government prepares to abolish contracting out later today.

This afternoon the government will unveil its long-awaited state pension white paper, revealing decisions on the future of contracting out and increasing the state pension age in line with life expectancy.

The new flat-rate state pension, set at about £144 a week and starting in April 2017, is set to be confirmed later today (Monday).

A group of 14 insurers have signed up to an agreement on charge disclosure drawn up by the Association of British Insurers.

Former tax boss Andrew Meeson played a leading role in a "blatant" £5m pension tax relief scam, a court heard.

The Bank of England's Monetary Policy Committee has again voted against an extension of its quantitative easing programme.

Industry figures have cautiously welcomed the publication of new guidance for trust-based defined contribution schemes from The Pensions Regulator, but expressed disappointment that it does not focus on contract-based schemes.

Former tax boss Andrew Meeson and his business associates pocketed £5m in a "very simple and very lucrative scam" by claiming tax relief on fictitious pension contributions, a court heard.

The Pensions Regulator has launched a consultation on its proposed new regulatory approach to workplace defined contribution schemes ahead of full-scale auto-enrolment.