Regulation

AUSTRALIA - The Gillard government will amend superannuation legislation to tighten the list of funds that are exempt from policing by the Australian Prudential Regulation Authority (APRA) it announced this week.

Ensuring the administration underpinning auto-enrolment is simple and flexible is the only way small and micro employers will comply without problems, B&CE Benefit Schemes says.

Pensions minister Steve Webb is to meet with industry figures today to try to "root bad practice out" of enhanced transfer value exercises.

AUSTRALIA - The Association of Superannuation Funds of Australia (ASFA) have released a report concluding raising the mandatory contribution rate to 12% from 9% would result in stronger retirement adequacy than would proposals to reform the country's...

The Pensions Regulator is to investigate how Silentnight's pension obligations were jettisoned when private equity firm HIG acquired the company after calling in administrators.

The Pensions Regulator has said it will run some form of hardship policy for employers who cannot afford to comply with employer duties.

Chief executives of the country's largest companies will receive official notification of their auto-enrolment responsibilities from The Pensions Regulator this week.

EUROPE - The European Commission will extend capital requirements for pension schemes across Europe as early as 2016, industry sources say.

The FSA has for the first time made public its damning indictments of an IFA and an insurance broker who it banned over occupation scheme transfers before a final decision has been made on the cases.

The Financial Services Authority's responsibilities for group personal pensions and stakeholder pensions should transfer to The Pensions Regulator, the National Association of Pension Funds says.