Professional trustee firm 2020 Trustees was fined £4,000 for failing to produce two chair's statements between July and September 2017, The Pensions Regulator (TPR) has revealed.
The fines relate to the Cornwall Farmers Limited Retirement Benefits Plan and The Pera International Staff Pension and Life Assurance Scheme, according to a list compiled by TPR. The firm, which was...
The Pensions and Lifetime Savings Association (PLSA) has expressed it is disappointed with the Department for Work and Pensions’ (DWP) general levy consultation – saying there should be no increase in the levy without structural reform.
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.