Regulation

The Pensions Regulator's extended power to issue contribution notices under the material detriment test has come into force.

It is rare for companies to have any good news with regards to the pension schemes they sponsor.

The House of Lords Select Committee on Economic Affairs has delivered a damning verdict on government's plans to restrict tax relief on pension contributions for people with incomes over £150,000.

The Pensions Regulator has published a statement emphasising the importance of prudent funding levels and stating where sponsors are in trouble, flexibility is available in recovery plans.

Ernst & Young is to appeal a decision of the accountants' disciplinary body over its audit of Equitable Life.

Last week, PP reported some financiers believed accounting deficit figures and the actuarial profession were "mistrusted" by equity investors.

Employers should consider warning higher-paid employees considering contribution variations they could face "severe" tax penalties, Watson Wyatt says.

The Treasury has "no interest" in changing the policy of restricting higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011, the National Association of Pension Funds says.

The department for work and pensions has appointed Isabel Hudson and Bruce Rigby as non-executive directors of The Pensions Regulator.

Jenna Towler highlights the steps trustees should take if they want to avoid becoming the latest in a long line of recent liability cases to come before the pensions ombudsman