Law and Regulation

Conflicts of interest are poorly managed by many asset management firms, according to "damning" research from the Financial Services Authority.

The Public Service Pensions Bill fails to take into account the "unique position" of the Local Government Pension Scheme, the Chartered Institute of Public Finance and Accountancy says.

Local government pension schemes could see limits on investment in infrastructure projects doubled, allowing almost £45bn to be pumped into local housing and transport.

The Financial Services Authority (FSA) is to press ahead with its proposed reductions in pension projection rates, despite opposition from providers.

Changes to HM Revenue and Customs guidance for those with fixed protection who are erroneously auto-enrolled have been welcomed.

Scottish law firm Brodies has added Alison Shackleton as a partner.

The Pensions Regulator will provide leeway for schemes that accidentally break compliance, says the regulator's executive director Charles Counsell.

The regulator is encouraging trustees and administers to use a £2 per week ‘tolerance level' to determine the right level of GMP.

The European Commission has not made the case for overhauling the European pensions directive and is avoiding the question of how this will affect the continent's economy, argues the National Association of Pension Funds.

The Department for Work and Pensions is considering setting up a lifeboat fund for defined contribution schemes funded by a levy on contributions.