The Pensions Regulator (TPR) has given fresh warnings about pension liberation as it takes action to protect members in the London Quantum Retirement Benefit Scheme.
Around £5.8m of new members' accrued pensions had been exposed to high levels of risk and illiquid investments when transferring into the scheme between August 2014 and March 2015, according to TPR. However,...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.