All Law & regulation articles – Page 109
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News
Self-employed should not be auto-enrolled, says trade body
The Association of Independent Professionals and the Self-Employed has said that auto-enrolment should not be extended to the self-employed as a way of providing them with retirement income.
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News
SNP bill seeks PPF support for orphan liabilities
A private members’ bill submitted by Scottish National Party MP Alan Brown last week could see the Pension Protection Fund taking on so-called orphan liabilities from multi-employer pension schemes.
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News
Regulator sees merit in criminal sanctions for DB sponsors
The Pensions Regulator is prepared to deploy tough new powers promised by the Department for Work and Pensions’ defined benefit white paper, although it admitted that there will be a high bar for beginning any criminal proceedings against sponsoring employers.
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NewsPlumber wins workers' rights case
The Supreme Court has upheld a verdict that Gary Smith, a former contractor who carried out work for Pimlico Plumbers between 2005 and 2011, was indeed a worker at the company and was consequently entitled to workers’ rights there.
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News
Industry backs alternative to mandatory clearance
Requiring companies to prepare a formal statement on how corporate activity might affect their pension schemes could help protect members from being put at risk, a survey of restructuring professionals has suggested.
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News
ITV cleared to appeal Box Clever judgment
On the go: ITV has been granted permission to appeal a court decision upholding the Pensions Regulator's ability to issue a financial support direction against the broadcaster in relation to the Box Clever scheme.
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News
Guy Opperman outlines hopes to harness fintech
Pensions and financial inclusion minister Guy Opperman says he hopes to harness fintech to boost saving for the self-employed, while aiming to bring in legislation for defined benefit regulation next year.
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News
PPF chief hints at closing superfunds’ regulatory advantage
Consolidation vehicles hoping to hoover up assets from deficit-weary employers could see their prices forced upwards by tough levy requirements and insurance-style protections, the chief executive of the Pension Protection Fund has said.
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News
Recruitment agency admits illegally opting workers out of scheme
On the go: Seven members of senior management at recruitment company Workchain have pleaded guilty to gaining unauthorised access to computer data in order to opt the agency’s temporary workers out of its pension scheme.
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News
More than half of charity DB schemes are now closed to accrual
Charities are catching up with private sector employers as the number of defined benefit schemes closed to accrual jumped to 58 per cent at February 2018 from 43 per cent a year earlier, according to consultancy Hymans Robertson.
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News
Time running out for DWP to book 2019 bills, Webb warns
The Department for Work and Pensions is at risk of running out of time to pass key aspects of its pensions policy agenda in 2019 due to the impact of Brexit and several measures yet to even reach a consultation stage, according to former pensions minister Sir Steve Webb.
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News
Seeking members' ethical views could muddy DB waters, experts say
The Environmental Audit Committee has proposeda requirement for schemes to actively seek the views of their members when producing their statement of investment principles, a move experts say could complicate matters for defined benefit trustees.
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News
Titcomb to leave the Pensions Regulator
On the go: Chief executive Lesley Titcomb will be leaving the Pensions Regulator at the end of her four-year contract in February 2019.
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Features
How should schemes appoint their MNTs?
Trustees are required under the Pensions Act 2004 to make sure that at least one-third of trustees, or at least one-third of directors of the trustee company, are nominated by the scheme membership. But what is the best way to appoint member-nominated trustees?
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News
TPR levies first fine on professional trustee
On the go: The regulator has disclosed that it has imposed a £3,000 fine against a professional trustee for failing to update their scheme’s register with news of their appointment.
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News
Regulator threatens greater discipline over poor admin
The number of public service pension schemes disclosing inadequate processes for monitoring data accuracy and completeness has risen, as the Pensions Regulator pledges to clamp down on those falling below the standards it expects.
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News
Select committees question regulator’s ambition on DB
On the go: The Pensions Regulator’s commitment to engaging proactively with poorly funded defined benefit schemes and their employers has been called into question by two parliamentary select committees, in a stinging letter that discusses the future of chief executive Lesley Titcomb.
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NewsBox Clever judgment sees scheme inch closer to ITV funding
The Pensions Regulator was right to seek to impose a financial support direction on ITV in relation to the Box Clever defined benefit pension scheme, according to a court judgment published on Friday.
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News
Government consults on reforms to NDA schemes
The government has launched a consultation on its approach to reforming two schemes within the Nuclear Decommissioning Authority’s group, after proposals for a bespoke career average revalued earnings scheme were accepted by unions in 2017.
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News
Regulator comes out on top in Box Clever case
On the go: The Pensions Regulator was right to seek to impose a financial support direction on ITV in relation to the Box Clever defined benefit pension scheme, according to a court judgement published on Friday.