Regulation

Rachel Dalton examines trustees' responsibility to protect members’ details

Proposed changes to the Takeover Code designed to give trustees more security could be "meaningless" when applied to hostile takeovers argues a lawyer.

The Department for Work and Pensions has confirmed it will introduce legislation restricting enhanced transfer exercises if a voluntary code to improve deals does not work.

The Department for Work and Pensions has denied rumours it plans to legally enforce the Association of British Insurers' code of conduct on annuities if the industry fails to comply with its recommendations.

The government should resist calls to allow schemes to smooth gilt yields when calculating discount rates for valuing future liabilities says Punter Southall.

The overwhelming majority of the industry believes The Pensions Regulator should provide greater flexibility on how scheme liabilities are calculated according to research from SEI.

HMRC chief executive Lin Homer has announced the department will spend up to an extra £34m and recruit up to 1000 extra contact centre staff to achieve its target of answering 90% of calls.

HM Revenue and Customs has told providers to use men's drawdown rates for all drawdown users from 21 December 2012.

The author of the government's public sector pension reforms has engaged in a public row with a senior European official over European regulation.

The consultation an impact assessment of a Europe-wide pensions regime is flawed and has been rushed through, says the National Association of Pension Funds.