Link Pension Trustees fined £104,000 over McDonald's scheme failures
The Pensions Regulator (TPR) has handed Link Pension Trustees fines totalling £103,750 for multiple breaches of pensions law in relation to the McDonald's Franchisee Pension Scheme.
The defined contribution (DC) master trust provides benefits for 148 members of staff at 32 McDonald's franchises, but is independent from the overall McDonald's corporation, and has seven active members....
More on Law and Regulation
Chancellor confirms Covid-19 salary top-up scheme
Chancellor Rishi Sunak has confirmed a salary top-up scheme designed to minimise job losses over the next six months will be introduced on 1November as tighter Covid-19 restrictions remain in place.
PLSA publishes vote reporting templates ahead of stewardship changes
The Pensions and Lifetime Savings Association (PLSA) has published vote reporting templates to assist schemes in disclosing how they enact shareholder voting rights.
Timeline uncertainty over TPR removal of late payment reporting flexibility
The industry is split on whether The Pensions Regulator’s (TPR) January removal of late payment reporting flexibility is too early, a Professional Pensions poll shows.
Hymans Robertson joins with L&G to cut scheme carbon footprint by a third
Hymans Robertson has cut the carbon footprint of its pension plan by around 33% while delivering lower charges by launching a fresh default investment strategy.
Autumn Budget cancelled amid Covid-19 crisis - reports
The November Budget will not go ahead due to the ongoing coronavirus crisis, according to reports.
