UK - The government has thrown out draft amendments to the Pensions and Social Securities Act that would have given the ombudsman power to process group claims.
Pension minister Ian McCartney said the changes would have added a further layer of complexity to an area of legislation which needed to be simplified.”
Hammonds solicitor Oliver Rees said he was not surprised given the negative comments made during the consultation.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers