This week's top stories include The Pensions Regulator fining a Now Pensions trustee £70,000, and BT appealing a court ruling over its RPI to CPI indexation swap.
1) Watchdog fines Now Pensions trustee £70,000; imposes deadline to fix administrative issues The trustee of master trust Now Pensions has been fined and given a set of stringent deadlines to fix...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.