More Law & Regulation – Page 4
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NewsTPR homes in on administrators in engagement drive
The Pensions Regulator (TPR) is to engage with some of the country’s biggest pensions administrators after a pilot programme uncovered areas for improvement.
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NewsIFS sets out roadmap to boosting auto-enrolment
Industry figures have called for the government to incorporate recommendations made by the Institute for Fiscal Studies (IFS) for expanding and evolving the UK’s automatic enrolment system into its Pensions Review.
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NewsWhy pensions schemes are ‘attractive targets’ for cyber criminals
Pension schemes are ‘attractive targets’ for cyber criminals and trustees and managers must create contingency plans to mitigate the impact of an attack, an expert has warned.
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NewsMore ESG reporting raises risk of legal challenges for trustees
Tougher reporting requirements for environmental, social and governance (ESG) factors leave pension schemes and companies more exposed to the risk of legal challenges, a senior lawyer has warned.
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NewsIndustry calls for change to levy rules as PPF seeks to raise £100m
The government should rewrite rules around the Pension Protection Fund’s (PPF) levy to reduce unnecessary costs for defined benefit (DB) schemes, according to industry commentators.
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NewsTPR grows investment team and vows to 'probe' strategies
The regulator has doubled its investment consultant staff in a bid to increase its scrutiny of investment strategies as schemes seek to allocate more to UK-centric assets.
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NewsPLSA urges caution on potential tax relief changes
The Pensions and Lifetime Savings Association (PLSA) has urged the government to tread carefully regarding potential changes to pension tax relief in next month’s Budget.
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NewsDashboards: Act now so we don’t have to, says TPR
The Pensions Regulator (TPR) will crack down on “wilful or reckless non-compliance” with dashboard regulations, including on poor data management, it has announced.
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News10 questions that will shape the Pensions Review
The government has published 10 questions designed to inform the first phase of the Pensions Review.
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NewsData a ‘fundamental problem’ for dashboards: Opperman
The quality of member data across the pensions industry remains a “fundamental problem” that needs to be addressed for pensions dashboards to succeed, according to former pensions minister Guy Opperman.
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NewsTax relief: Rumours abound as chancellor pressed on plans
The Pensions and Lifetime Savings Association (PLSA) has sought to calm rumours of changes to tax relief on pension contributions after a communication sparked concern online.
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NewsWhat TPR wants from Value for Money consultation
The regulator has called for industry input on measures of service quality and forward-looking performance metrics to build out its Value for Money framework.
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NewsNorton fraud victims share £9.8m compensation payout
More than 200 members of the collapsed Norton Motorcycles pension schemes are to receive nearly £10m in compensation from the Fraud Compensation Fund (FCF).
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NewsTrustees and campaign groups call for consultant regulation
Campaigners have called on the Treasury to accelerate progress on bringing investment consultants into the regulatory regime.
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NewsGovernment sets out scope of first phase of Pensions Review
The government has published its terms of reference confirming the scope of the first phase of the planned Pensions Review.
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NewsRegulators propose ‘red-amber-green' Value for Money framework
Defined contribution (DC) pension schemes will be required to publicly disclose investment performance, charges and service quality metrics under a proposed Value for Money framework.
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NewsIndustry casts doubt on elements of Value for Money framework
A traffic light approach to value for money risks oversimplifying, while ensuring alignment with the government’s productive finance agenda could prove difficult, say commentators.
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NewsTPR promises to be ‘reasonable’ over funding code
The new Defined Benefit (DB) Funding Code has been laid before parliament, paving the way for the long-awaited revised regulatory framework for DB schemes to come into force.
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NewsCalls for government action after Virgin case ruling
Industry groups have called for government intervention in the wake of the Virgin Media-NTL case, which has cast significant uncertainty over the defined benefit (DB) sector.
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NewsTPR clarifies capital release rules for superfunds
The Pensions Regulator (TPR) has set out its requirements for superfunds that wish to release capital to investors as part of their commercial business model.