Legal and General Trustees (LGT) has asked The Pensions Regulator (TPR) to allow an amnesty for defined contribution (DC) contract scheme providers to change members' investments without their consent.
Contract scheme providers are unable to unilaterally move a member from poorly performing funds without permission, due to contract law. LGT said this is a problem for many disengaged members in unsuitable...
In this week's Pensions Buzz we want to know what you think of the government's proposals set out in the DB white paper, which include new powers for the regulator.
The pensions watchdog has been through some testing times and is making significant changes to the way it regulates. Speaking to Stephanie Baxter, Mark Boyle takes stock and looks to the future
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.