Regulation

Industry feedback on the contentious ‘employer resources test’ (ERT) is unlikely to significantly shift The Pension Regulator’s (TPR) approach to issuing contribution notices, it says.

Local Government Pension Scheme (LGPS) teams are under more administration pressure than ever with the raft of regulation and legislation such as McCloud, according to a Pensions and Lifetime Savings Association (PLSA) panel.

Pensions and financial inclusion minister Guy Opperman has today proposed regulations to introduce simpler workplace benefit statements so that members can better understand them.

Online fraud is now set to be included in the upcoming Online Safety Bill after the government acknowledged “significant concern” over its exclusion.

The rationale used to ultimately assess whether certain contribution notices can be issued needs further fine tuning, leading industry associations say.

Quilter has called upon the government to take action to clamp down on the dramatic rise in investment scams over the past year by including these within the scope of the forthcoming Online Safety Bill.

Robin Ellison questions whether more regulations are really the best way to protect the public

Integrate net zero targets into regulation

Guidance to help trustees comply with climate disclosure rules will also call on them to “act now” to protect pension savers from climate risk, The Pensions Regulator (TPR) says.

The scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.