More Law & Regulation – Page 7
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NewsTrustees ‘need more flexibility to support members’
As the FCA closes its consultation on the advice-guidance boundary, there are calls for more work to be done to support pension scheme trustees.
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NewsWhat can DB schemes do with funding surpluses?
Ahead of last week’s DWP consultation paper, Pensions Expert spoke to legal advisers to investigate the issues schemes face when dealing with funding surpluses.
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NewsReaction: DWP plans to free up DB scheme surpluses
Industry experts have tentatively welcomed the government’s proposals for making it easier to “extract” surpluses from DB schemes.
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NewsA new-look Pensions Regulator
TPR is transforming itself as it continues to adapt to the changing face of the UK pensions industry.
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NewsStart work on social and nature risks now, TPR urges
Pension schemes need to integrate broader ESG reporting into core governance operations to “ensure they are fit for the future”.
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NewsWhat can schemes do to close the gender pension gap?
Fundamental changes in society are still needed but the pensions industry appears determined to help close the yawning gap between men and women’s retirement incomes.
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NewsCalls grow for long-term savings commission
A new report from People’s Partnership makes the case for a cross-party commission to advise on pensions policy.
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NewsPLSA reports sharp increase in cost of ‘moderate’ retirement
An update to the association’s Retirement Living Standards reflects the impact of the cost of living but also changing expectations of what people want from retirement.
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NewsWhat does Labour have in store for the pensions industry?
The Labour party last week set out its plans for reform of the financial services sector, including several proposals affecting pensions. We asked industry commentators for their views.
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NewsNo change: AE review raises more questions
The DWP has decided not to change the lower earnings limit for auto-enrolment, despite measures in last year’s pensions bill.
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NewsState pension age ‘must rise to 71’, research shows
New data from the International Longevity Centre suggests that the UK’s state pension age must increase at a far greater rate than currently planned.
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NewsTime for a long-term savings commission?
In the wake of the divisive 'pots for life' consultation, calls are emerging for an independent body to help advise the government on pensions and savings policy.
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NewsAvon Pension Fund brings forward its carbon net zero target by five years
The £5.4 billion fund provides pensions for 140,000 people.
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NewsResearch: Professional trustee firms are incorporating diversity into their business strategies
Failure to attract diverse talent or collect diversity data are key barriers to EDI progress, the researchers discovered
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NewsDoes the new general code have the teeth to drive up standards?
The industry reacts to the Pensions Regulator’s long-awaited new general code
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NewsThe Pensions Regulator lays general code in Parliament
Experts expect the long-awaited code to drive further consolidation, as the regulator warns that many schemes risk falling short of its governance expectations
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NewsPensions minister under investigation for alleged expenses breaches
Paul Maynard to be investigated by the parliamentary expenses watchdog after spending £106,000 on printing.
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NewsTPR prosecutes former trustee
Stephen Smith given suspended sentence for making forbidden loans with pension scheme money
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NewsThe IFS calls to end the state pension triple lock
The IFS has published a report outlining how the triple lock has resulted in unpredictable and sometimes overly generous increases to the state pension.
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NewsRethinking fiduciary duty
A tweak to pension schemes’ definition of fiduciary duty is needed, rather than a wholesale rewrite of the law