Frank Field
Frank Field to meet Insolvency Service chief over BHS pre-sale audit
Work and Pensions Committee (WPC) chairman Frank Field will continue his probe of former BHS owner Sir Philip Green as he prepares to meet Insolvency Service chief executive Sarah Albon later this month.
Field questions TPR over lessons learnt from Kodak Pension Plan
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).
Robin Ellison: Why regulators are getting it wrong
In a hard-hitting interview with Stephanie Baxter, the former chairman of Carillion Pension Trustees explains why he thinks a blame culture and too much red tape are damaging pensions and why he feels regulators are getting it wrong.
Five stories you may have missed this week
This week's top stories include the Ombudsman's determination against Royal London, and the ECJ's ruling that PPF compensation must amount to 50% of member benefits.
MPs launch probe into pensions cost and transparency
The Work and Pensions Committee (WPC) has launched an inquiry to ask whether the pensions industry provides "sufficient transparency" of charges, strategy and performance to savers.
Five stories you may have missed this week
This week's top stories included coverage of the Competition and Markets Authority's provisional decision following its investigation of investment consulting and fiduciary management.
WPC urges government to kick-start 'next great pensions revolution' with CDC
Collective defined contribution (CDC) schemes are the "best means" for achieving the right balance between collective benefit security and individual freedom and choice, the Work and Pensions Committee (WPC) says.
Sir Philip Green faces publication of critical report on BHS audit
A damning report on the pre-sale audit of BHS is set to be published after the High Court last week refused to meet Sir Philip Green's wish to gag the Financial Reporting Council (FRC).
Lesley Titcomb: Balance between employer and member interests not always right
The Pensions Regulator (TPR) says it may have made mistakes but faces complex decisions to balance member and employer interests.
The danger of lamenting 'it's not fair' in pensions
Hilary Salt says by blurring the line between what is legally required and what 'feels fair', we create uncertainty about what is and isn't allowed
MPs question watchdog's leadership in letter to TPR chairman
A "tentative and apologetic approach is ingrained" at The Pensions Regulator (TPR) but its leadership is not equipped to make the cultural change required for more effective oversight, MPs have said in a letter to the regulator.
Work and Pensions Committee to hold inquiry on DB white paper
The Work and Pensions Committee (WPC) has announced an inquiry into proposals within the government's white paper on defined benefit (DB) schemes.
Default drawdown pathway needed to boost member outcomes, MPs say
The Work and Pensions Committee has called for the government to introduce an auto-drawdown option while allowing NEST to offer decumulation products, James Phillips reports
TPR's new white paper powers could apply to Carillion retrospectively, says McVey
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Pension cold-calling ban to be in place 'by June'
A ban on pension cold-calling will be put into law by June this year after the government introduced amendments to the Financial Guidance and Claims Bill.
Philip Green calls for truce with Frank Field
Sir Philip Green has urged Frank Field to "avoid another public spat" as the two heavyweights locked heads over any potential sale of high street conglomerate Arcadia.
Five stories you may have missed this week
This week's top stories included a Pensions Institute report suggesting the aviation industry's practice of constantly evaluating mistakes should be applied to defined benefit pensions.
TPR 'right' to name and shame non-compliant AE schemes
The Pensions Regulator (TPR) has taken the right approach by naming and shaming schemes that fail to meet their obligations under auto-enrolment (AE), according to this week's Pensions Buzz survey.
CDC easy to enable but needs clear governance from the get-go, MPs told
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
Carillion directors 'contemptuous' of pension funding
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
Philip Green in Field's crosshairs again as Arcadia sale possible
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator naming schemes and trustees for chair's statements failures, and coverage of the final day of the Box Clever case in the Upper Tribunal.
WPC urges FCA to ban contingent charging for pensions transfer advice
The Work and Pensions Select Committee has urged the FCA to ban the use of contingent charging for pension transfer advice in its latest report into the British Steel Pension Scheme (BSPS).
Steelworkers left to fend for themselves 'while Rome burns', Field's committee says
Ensuring British Steel workers were well-equipped to make a decision on their future pension provision was "afforded insufficient priority", and the regulator now needs to review the process, the Work and Pensions Committee (WPC) has said.
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