The Department for Work and Pensions has proposed changes to TUPE rules to ensure employers receiving transferred members are not forced to pay contributions higher than the auto-enrolment minimum.
In a consultation launched on 26 February, the department said under auto-enrolment, an employer which will later transfer employees (the transferor) could auto-enrol its existing workforce into a scheme...
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.
An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme (USS) was reached, Universities UK (UUK) has announced.
Responses to the Professional Trustee Standards Working Group's consultation have flooded in. While the industry mostly welcome the proposals, there is disagreement on some areas, writes Kim Kaveh.