TPR confirms end to 'serious' admin issues at Now Pensions
Now Pensions has overhauled its administration system after historic issues caused a failure in collecting and investing around 265,000 members' contributions.
The Pensions Regulator (TPR) today (1 February) confirmed "serious and persistent administrative failings" had been addressed for the majority of affected members, which had led to around £18m of contributions...
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Railway companies begin court battle over pensions role in franchising
A High Court battle has begun between the government and four railways companies after they were excluded from franchise bids due to their approach to the £27bn Railways Pension Scheme (RPS).
Further delays to sentencing of former trustee behind £250,000 scheme fraud
The sentencing of former Yateley Industries for the Disabled chief executive and chairman Patrick McLarry has been delayed again.
Pensions commission would create durable policy
As both centre-left and centre-right political think tanks agree on the need for a pensions commission, Gregg McClymont says this could provide a refreshed model for future pensions policy.
Government must usher in decade of AE renewal
The government must take advantage of its majority to push through further reforms to auto-enrolment, says James Phillips.
Simpler statements will boost engagement, says industry
Nearly two-thirds of this week’s 133 Pensions Buzz respondents believe the introduction of simpler and standardised annual benefit statements will help more members engage with their pension.
