PTL managing director Richard Butcher has warned trustees could face jail under proposed pension schemes bill additions to the Pensions Act 2004.
Amendments to the pension schemes bill tabled in the House of Lords could hand the government “unprecedented” powers over schemes’ investment strategies, the Pensions and Lifetime Savings Association (PLSA) has warned.
The pension schemes bill heralds an era of tougher governance rules and strengthened member protections, bringing with it a lot of work for trustees, says Fuat Sami.
The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.
Pension providers must now be proactive and prepare their data in order to be ready for the pensions dashboard, Guy Opperman has warned.
The Pensions and Lifetime Savings Association (PLSA) has welcomed the reintroduction of the pension schemes bill, after the government reaffirmed the details in the reopening of parliament this week.
The Pensions Regulator (TPR) has welcomed the government’s latest update on the details of the pension schemes bill.
The pension schemes bill is set to boost income and protection for pension scheme members, says Guy Opperman, making 2020 a pivotal year for retirement savings.
Schemes must be aware of the proposed rules on reporting corporate events, or they could face a £1m fine, says Anne-Marie Winton.
Most of this week's 108 Pensions Buzz respondents agreed the pension schemes bill should be reintroduced in its exisiting form.
For the pensions industry, the 12 December general election means the long-awaited pensions bill is “lost”, but probably “not forgotten”, according to a blog published by law firm Gowling.
The quality and availability of data is the “weakest link” for the pensions dashboard, according to the Society of Pension Professionals (SPP).
The pension schemes bill will face yet another delay as the UK seems set to have its third general election in five years on 12 December.
A pensions commission would provide an opportunity to get past short-termist thinking in a political world dominated and saturated by Brexit, says Rory Murphy.
The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said.
With the spectre of Brexit looming over parliament, Jonathan Stapleton has some scepticism that the pension schemes bill will be enacted any time soon.
A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen’s Speech today.
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
A surprise general election is in store in just over month, but battle lines are yet to be drawn. James Phillips explores where pensions sit in the chaos.
This week we want to know if TPR is becoming more heavy-handed and whether its new investment guidance will help defined benefit trustees set better investment strategies.
Labour has accused The Pensions Regulator (TPR) of being too passive in improving member representation in master trust governance.
The government is planning to release proposals on pension scams, reducing fees and charges, and improving transparency "very soon", according to Richard Harrington.
The Pensions Regulator's (TPR) powers to authorise master trusts will be the "cornerstone" of its drive to consolidate the defined contribution (DC) market according to Andrew Warwick-Thompson.