A national debate is needed to consider whether the investment approach of defined benefit (DB) schemes is storing up problems for the future, Institute of Chartered Accountants of Scotland (ICAS) president Sir Brian Souter has said.
Michael Klimes explores whether consultants and actuaries could end up in court if they fail to give proper advice on financial risks related to climate change
Master trusts have escaped significant regulatory scrutiny despite their surge in usage under AE since 2012, but this will soon change. James Phillips reports.
The Pensions Regulator (TPR) will authorise and supervise defined contribution (DC) master trusts under a planned regime which will "strike the right balance" between member security and scheme burdens.
Actuaries and investment consultants that fail to take account of climate risk in their work and advice face increasing risks of legal liability and regulatory action, according to ClientEarth.
This week's top stories include the announcement to increase the lifetime allowance, and industry reaction to the Autumn Budget.
The pension industry's reaction to the lack of policy in the Autumn Budget has been a mixture of relief and disappointment.
This week's top stories included 2020 Trustees being fined for failing to produce two chair's statements.
Professional trustee firm 2020 Trustees was fined £4,000 for failing to produce two chair's statements between July and September 2017, The Pensions Regulator (TPR) has revealed.
The Pensions Regulator (TPR) has successfully prosecuted a bus company and its managing director for deliberately failing to provide staff with a workplace pension scheme.