Law and Regulation

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.

A potential gap looms between employee and employer expectations of when workers will retire, an Aegon report warns.

The typical member of a large defined contribution scheme will amass a retirement pot 28% bigger than a saver in a small scheme making the same contributions, the NAPF says.

The work and pensions select committee is reopening its inquiry into the governance and best practice in workplace defined contribution pension provision.