What might the government do to prevent 'the next Carillion'?
Steve Webb says there are various ways to take action on executives who try to line their pockets by putting workers' pensions at risk
Writing in the weekend press, the prime minister promised action against "executives who try to line their own pockets by putting their workers' pensions at risk", describing this as "an unacceptable abuse...
More on Law and Regulation
Schemes must meet three gateway principles for superfund transfers
Pension scheme trustee 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.
EXCLUSIVE - Guy Opperman: Why we are consigning dozen-page pension statements to the dustbin
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
Regulator's gateway guidance could set 'too high a hurdle' for superfunds
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
TPR: Just 4% of schemes have agreed DRC deferrals
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
Second pensions bill expected in this parliament
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
