The Pensions Regulator's (TPR) determinations panel has seen a significant rise in casework, making a record 41 determinations in the last financial year.
The watchdog's 2016/17 report published yesterday showed the panel's determinations led to the execution of 42 powers from just 12 in 2015/16. This was mostly driven by using Section 10 of the Pensions...
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.