All Law & regulation articles – Page 94
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Women born in the 1950s lose state pension claim
On the go: The High Court has ruled against the BackTo60 campaign group, who were seeking the restitution of their state pensions backdated to age 60.
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Ombudsman upholds complaint against LGPS despite predator warning
On the go: The Pensions Ombudsman has upheld a complaint against Hampshire County Council and the Hampshire Pension Fund involving a transferring member who fell victim to a scam.
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TPR: 400 schemes fail to review data within three years
On the go: The Pensions Regulator is demanding that four hundred pension schemes review their data urgently within six months as part of a crackdown on poor record-keeping, with tough sanctions for non-compliance.
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Now Pensions among four new authorised master trusts
On the go: The Pensions Regulator has authorised a further four master trusts to continue operating in the defined contribution market, including the once embattled provider Now Pensions.
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NewsNew consultation fails to address NHS clinician concerns
Doctors believe a new consultation offering greater pension flexibilities is not enough to stop them refusing extra shifts in the hard-pressed National Health Service, as experts demand an overhaul of the entire pensions tax system.
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Aegon and Nest join list of authorised master trusts
On the go: Nest, the master trust set up by the government to back auto-enrolment, has received authorisation from the Pensions Regulator, along with four other multi-employer schemes.
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TPR prosecutes director for information breach
On the go: The Pensions Regulator is taking legal action against a company director for failing to provide it with information – the latest in a string of prosecutions for section 72 breaches.
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Thérèse Coffey new DWP secretary after Rudd’s Brexit exit
On the go: Suffolk Coastal MP Thérèse Coffey will take over as secretary of state for work and pensions, the government announced on Sunday, after Amber Rudd quit the role over Boris Johnson’s handling of Brexit.
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NewsBritvic reaches interim agreement on CPI/RPI linking
Soft drinks manufacturer Britvic has reached an interim agreement with the trustees of its defined benefit pension scheme over controversial plans to switch pension increases based on the retail prices index to the lower consumer prices index.
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Funding for school pension costs rises to £1.5bn
On the go:The government has promised to compensate some public sector pensions' increased employer contribution costs, but other pensions spending was unmentioned.
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Businessman’s refusal to share information with TPR leads to court
On the go: The Pensions Regulator is prosecuting a Hampshire and Surrey-based businessman for failing to provide it with details of the companies he owns.
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Smart Pension and Lewis schemes get master trust authorisation
On the go: The Pensions Regulator has authorised a further two master trusts to continue operating in the UK.
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NewsConcerns over IFA shortages after LEBC leaves DB transfer market
Independent financial advice firm LEBC’s decision to leave the defined benefit transfer market has reignited concerns over shortages of quality advice, with experts warning that tighter regulation could lead to further exits.
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Law firm targets ‘short-changed’ doctors, teachers and police officers
On the go: The government could face legal challenges from hundreds of thousands of teachers and doctors following changes to their pension schemes, according to Leigh Day.
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Aviva Master Trust and Workers Pension Trust gain authorisation
On the go: The Aviva Master Trust and Workers Pension Trust have been added to the Pensions Regulator’s list of authorised schemes.
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GMP equalisation soars up list of trustees concerns
On the go: GMP equalisation has soared up the list priorities for pension schemes following the Lloyd’s Banking Group case earlier this year, Equiniti research has found.
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Business handed £350k fine for not complying with pension duties
On the go: The Pensions Regulator is warning employers not to avoid their pension duties after one company ended up with a £350,000 fine.
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TPR adds three more master trusts to list of authorised schemes
On the go: Atlas Master Trust, The Cheviot Pension and The People’s Pension have all been added to the Pensions Regulator’s list of authorised master trusts.
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State pension age should rise to 75, says think tank
On the go: A chorus of critics has condemned the Centre for Social Justice’s proposal to increase the state pension age to 70 by 2028, with a further rise to 75 by 2035, to make the system more sustainable and reflect longer life expectancies.
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High Court blocks Prudential's £12bn annuity transfer to Rothesay
On the go: The High Court of England and Wales has taken the exceptional step of blocking the transfer of a £12bn portfolio of annuities from The Prudential Assurance Company Limited, a subsidiary of M&GPrudential, to Rothesay Life – leaving a question mark over future deals of this nature