Law and Regulation

The pensions industry has welcomed the government's ‘savings revolution' as auto-enrolment begins with its first staging date.

Proposed changes to the Takeover Code will "empower" trustees to protect member interests during a bid, the National Association of Pension Funds has said.

HM Revenue and Customs will write to 1.4 million employers in October to help them prepare for changes to the way the report Pay As You Earn data.

The LIBOR system is "broken and needs a complete overhaul", according to Financial Services Authority's head of conduct Martin Wheatley.

The Pensions Regulator has published a consultation on providers' and trustees' duty to report auto-enrolment failures and proposed to fine providers that do not report adequately.

Most workers without pensions want to know more about auto-enrolment and expect their employers to provide the information according to research from Standard Life.

The biggest barrier to companies using the National Employment Savings Trust is the perception that it will be difficult to brand as a "valuable employee benefit", says Towers Watson.

Deputy Prime Minister Nick Clegg has called for benefits such as free television licences, winter fuel payments and bus passes to be taken away from wealthy pensioners.

Controversial plans for a ‘pensions for mortgages' scheme could be in place by Easter, according to pensions minister Steve Webb.

Pensions minister Steve Webb has called on the UK pensions industry to throw its weight behind his campaign against Solvency II and the Institutions for Occupational Retirement Provision directive.