DWP

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.

Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.

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.

The government is "minded to assist" any collective defined contribution (CDC) proposal that may arise from Royal Mail and the Communication Workers Union (CWU), Guy Opperman has said.

Sarah Smart, who is chairwoman of The Pensions Regulator's (TPR) audit committee, has been appointed senior adviser at Avida International.

The UK's 25 largest defined benefit (DB) pension funds are being asked how they deal with climate risk after the government admitted a "widespread misunderstanding" of fiduciary duty.

Women still fall well behind men when it comes to saving for retirement despite auto-enrolment (AE) increasing contributions year on year, Pension Monster data shows.

Pension scheme members may be unwittingly investing in controversial firms as some ethical funds are not disclosing their full holdings.

Defined contribution (DC) and contracted-out rights will be allowed to be transferred without member consent under regulations soon to be introduced.

Defined contribution (DC) schemes will face new duties to disclose investment costs and charges as the government presses ahead with a bid to build a more transparent and trustworthy pensions sector.