Employers are unlikely to switch to trust-based defined contribution schemes in order to receive contributions back if an employee leaves within two years of auto-enrolling, Paul Johnson says.
GLOBAL - The International Organisation of Pension Supervisors has launched a set of standards to strengthen supervisory techniques globally.
The number of trust-based defined contribution schemes fell by 15% last year, according to data from The Pensions Regulator.
Several people connected with Tudor Capital Management, a pension scheme administration service provider, have been arrested on suspicion of fraud, cheating the public revenue and money laundering.
Many trustees who require consent from HMRC and Inland Revenue to amend scheme rules are overlooking regulation to remove that requirement, a lawyer warns.
The state pension age will reach 66 by 2020, as part of the Spending Review.
IRELAND - The Pensions Board has prosecuted a trustee board for failing to submit an actuarial funding certificate.
Here they are. The list of the key changes in the pensions tax regime following today's announcement.
The Treasury has confirmed it will protect long-serving final salary scheme members after it increased the factor used for valuing benefits against the annual allowance from 10 to 16.
The annual allowance will be cut from £255,000 to £50,000; the lifetime allowance reduced from £1.8m to £1.5m, and the factor for valuing final salary benefits increased from 10 to 16, the Treasury has announced.