Law and Regulation

Former BHS owner Dominic Chappell has been given a six-year prison sentence for failing to pay tax on income from his purchase of the failed retail giant.

New legislation is needed to push pension trustees and asset managers to consider ESG factors within their legal duty to beneficiaries, as well as ensuring trustees are up to standard, ShareAction says.

The intricacies of pensions legislation mean industry feedback can be valuable for governmental policy-making, says Sir Steve Webb.

How do mistakes in scheme rules occur, when do they tend to be discovered and what can trustees do to correct these errors? Kate Payne explores the key considerations in these instances.

Peter Stanley and Clifford Sims set out why and when trustees are expected to listen to advice.

Lewys Curteis looks at what the changes to the PPF’s levy rules mean for schemes over the long-term.

The sponsoring employers of the UK’s largest pension schemes may have to put an additional £40-£45bn into their schemes over the next decade, Lane Clark & Peacock (LCP) warns.

Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering

Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.

Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry