More Law & Regulation – Page 12
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NewsTrust is the greatest obstacle to bridging the advice gap
Trust remains one of the biggest obstacles against bridging the advice gap, according to new data from specialist marketing and communications agency, Lang Cat Financial.
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NewsDWP announcement on dashboard programme is imminent
A Department for Work and Pensions (DWP) announcement on the next stage of the delayed pension dashboards programme is expected within days.
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NewsTPR at the root of high levels of industry dissatisfaction over policy direction
More than six in ten (61%) of pension industry respondents are unhappy with the direction of pensions policy over the past six months, according to the latest Pensions Management Institute (PMI) Pulse Survey. That’s an increase of almost 40% (38.6%) compared with last year’s survey.
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NewsACA chair balks at funding code for open schemes while backing CDC
Concerns about the new funding code forcing “unnecessarily cautious” funding approaches upon open defined benefit (DB) schemes were raised at the All Party Parliamentary Group’s annual pensions lunch earlier this week.
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NewsDelays are not the only problem with existing pension scam rules
Despite the uncertain economic environment, criminals are making hay, with 40% of all UK crime being attributed to fraud.
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NewsLabour backs £50 billion DC incubator 'growth fund' concept
Shadow chancellor Rachel Reeves has backed a proposed £50 billion ‘future growth fund’ and suggested that she might be prepared to force pension funds to make investments in fast-growing UK companies.
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NewsTPR's new CEO unapologetic for demanding high standards
The Pensions Regulator has called for greater industry collaboration while firing a warning shot across the bows of schemes and trustee boards that don’t meet the regulator’s standards.
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NewsDerisking well funded DB schemes may be an opportunity missed
Employers should adopt a more ambitious approach to managing well-funded defined benefit (DB) schemes and see them as an opportunity, according to pensions experts.
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NewsHow do sponsor's net zero commitments affect the employer covenant?
LCP is calling on trustees to get a better handle off the net zero ambitions, efforts and achievements, as they may all have a bearing on the sponsor’s ability to support the defined benefit (DB) scheme.
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NewsAMNT says schemes and regulators must do more to support MNTs
Ever since the Robert Maxwell scandal of the early 1990s, member nominated trustees (MNTs) have been a tenet of scheme governance. Yet, they have often come in for criticism.
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NewsGAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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NewsTreasury to bear risk of unfunded legacy public sector schemes
Members of the reformed public sector pension schemes will no longer bear the costs of legacy schemes under the government’s solution to its 2015 public sector pensions changes, the Treasury has confirmed.
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NewsLord Mayor: DC funds hold UK's future growth in their hands
Defined contribution (DC) pension funds offer the key to turbocharging the growth of the UK’s fintech sector, according to Nicholas Lyons, Lord Mayor of London, speaking at DG Publishing’s DC Strategic Summit on Monday 15 May.
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NewsBeware of the elephant - it’s now in the room
The Pension Regulator’s Louise Davey sets out the need for trustees to up their game on ESG issues
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NewsQuietroom launches service to get companies consumer duty ready
Communications consultancy Quietroom has announced the launch of a new audit service to help Financial Conduct Authority (FCA) regulated businesses get up to speed with the FCA’s new consumer duty requirements.
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NewsFCA agrees £235mn payout with Link after Woodford probe
Investors in the Woodford Equity Income Fund are to receive redress nearly four years after the fund’s suspension.
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NewsReport: parliamentarians call for greater accountability of regulators
A group of Conservative MPs, including former ministers and a previous chair of the Competition and Markets Authority, have called for greater parliamentary accountability of the UK’s regulators.
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NewsLDI: all in it together, but some responsibilities are regulators’ alone
The Pensions Regulator published new guidance on April 24 that outlined how leveraged liability-driven investment should be used within defined benefit schemes’ investment strategies.
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NewsDisappointment over DB funding code delay
When the Pensions Regulator released its 2023-24 corporate plan last week, it revealed that it had put its long-awaited and much-vaunted defined benefit funding code on the back burner.