All Law & regulation articles – Page 2
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NewsWork and Pensions Committee to grill industry and regulators on dashboards
Representatives from the FCA, TPR, the Money and Pensions Service and the Pensions Dashboard Programme will all be questioned by the Work and Pensions Committee.
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NewsAI and ‘responsible innovation’ at centre of TPR’s data revolution
The Pensions Regulator is to establish an artificial intelligence advisory council as part of a wide-ranging overhaul of how it uses data and technology.
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NewsPoor data costing schemes money and resources, study shows
As the first pensions dashboards connection deadline approaches, new data from technology provider Heywood warns that data quality is still falling short of requirements.
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OpinionKeeping up the fight against pension scams
With the Financial Conduct Authority consulting on changes to transfer rules, the Society of Pension Professionals’ David James looks at how to update the rulebook to better protect members from potential scams.
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In DepthIn Depth: Regulator’s new DC approach is a sign of things to come
Pensions Expert looks in detail at how the Pensions Regulator’s prudential approach to regulation is affecting all aspects of the industry.
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News
Trustee body slams UK Stewardship Code changes as ‘unacceptable’
The Association of Member Nominated Trustees has criticised the FRC for what it deems the “emasculation” of a key principle of the existing UK Stewardship code.
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NewsTPR overhauls DC supervision to support ‘megafunds’ growth
The Pensions Regulator (TPR) is to split its oversight of defined contribution pension funds into four categories as part of a major overhaul designed to reflect the changing nature of the sector.
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News‘Strategically significant’ pension funds to come under TPR’s spotlight
TPR’s chief executive has set out the regulator’s priorities for 2025 and appealed for “ideas and solutions” from the industry.
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NewsTPR turns up the heat on pension schemes
Data shows that the Pensions Regulator requested more formal interviews with individuals in 2024 than in the previous five years combined.
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NewsTPR chair praises industry diversity progress
The pensions industry is doing “a million times better” on diversity, according to the chair of the Pensions Regulator (TPR).
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NewsDWP to consider changes to PPF levy [updated]
The next Pension Protection Fund (PPF) levy bill could be smaller or even zero, after the Department for Work and Pensions (DWP) agreed to consider changes to the levy rules.
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NewsMPs seek to force government’s hand on WASPI compensation
MPs have tabled a bill aimed at forcing the government to compensate women who were victims of maladministration related to the rise in the state pension age.
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NewsGovernment to announce DB surplus extraction rules in the spring
The government has confirmed plans to relax rules around defined benefit (DB) pension scheme surpluses, paving the way for excess funds to be paid out to members or employers.
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OpinionHow to respond effectively to cybersecurity incidents
Stuart Leach of the Society of Pension Professionals urges schemes to have a robust cybersecurity plan as the number of attacks is set to increase.
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NewsPLSA: Don't make pension schemes carry inheritance tax burden
Plans to charge inheritance tax on unused retirement pots risk turning pension schemes into tax administrators, according to the Pensions and Lifetime Savings Association (PLSA).
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NewsHMRC moves to address pension tax overpayment issue
HM Revenue & Customs (HMRC) is to refund £49.5m in overpaid tax to people who withdrew cash from their pension pots in the last three months of 2024.
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NewsSPP labels inheritance tax payment proposals ‘very problematic’
The Society of Pensions Professionals (SPP) has suggested alternatives to a government proposal that pension scheme administrators become liable for reporting and paying inheritance tax.
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OpinionThe 2024 Mansion House reforms: from theory to practice
Maria Busca, a senior policy adviser at the Association of British Insurers (ABI), argues that central to the chancellor’s planned reforms is making the UK a more investable destination.
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NewsSchemes get permanent exemption from derivative clearing rules
Pension schemes will not be required to trade derivatives through central counterparties after the government extended a regulatory exemption indefinitely.
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People NewsTorsten Bell appointed pensions minister as Reynolds gets economic role
Bell succeeds Emma Reynolds who has moved to a new ministerial role following the resignation of Tulip Siddiq.