Senior staff at national recruitment agency Workchain have pleaded guilty to illegally opting temporary staff out of their workplace pension scheme, leading to The Pensions Regulator's (TPR) first criminal conviction under this offence.
Owners and directors Phil Tong and Adam Hinkley encouraged five other senior staff members to impersonate temporary workers in order to avoid making employee contributions. Financial controller Hannah...
The sponsoring employers of the UK’s largest pension schemes may have to put an additional £40-£45bn into their schemes over the next decade, Lane Clark & Peacock (LCP) warns.
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.