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 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.