The Pensions and Lifetime Savings Association (PLSA) has called for proposed retirement risk warning regulations to be altered in a bid to bring them more in line with practice in the contract-based sector.
The trade association's comments come in response to the Department for Work and Pensions (DWP) consultation - Occupational and Personal Pension Schemes and the Pension Protection Fund (Miscellaneous Amendments)...
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.