More Law & Regulation – Page 8
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NewsThe Pensions Regulator reacts as cyber-attacks on the increase
Cyber risk is complex, evolving and requires a dynamic response
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NewsThe future of TCFD
The urgent steps the pensions industry must take to make TCFD reports effective
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NewsExperts praise Chancellor’s pledge to keep triple lock in autumn statement.
State Pension will rise by 8.5 per cent - amounting to more than £900 a year.
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NewsExperts concerned about changes to the general levy
Pensions experts overwhelmingly oppose option three, which calls for the hike every year for three years.
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NewsWill political disruption pause the pensions agenda?
News of a new pensions minister meets mixed reception, as the industry questions whether Paul Maynard will be able to make an impact ahead of a general election
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NewsThe industry’s wishlist for the autumn statement
Pensions didn’t feature in the King’s Speech – what would the industry like from the autumn statement?
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NewsHow can trustees work towards more diverse boards?
In the FCA and PRA’s diversity consultation papers, socio-economic status is outlined as voluntary. However, with the complex make up of trustee boards and the knotty structure of independent trustees, building progress on socio-economic status needs to start now.
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NewsTPR prosecutes owner of Norton Motorcycles
Dalriada pursues compensation for 255 members who transferred from other pension schemes
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NewsPensions admin under the regulatory spotlight
The Pensions Regulator may soon turn its focus to administrators
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NewsFill out PASA’s Digital Admin survey
Help PASA understand how schemes are navigating pensions administration in the digital age
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NewsKPMG faces record fine over Carillion
The FRC originally imposed a £30m penalty but this was reduced by 30% following KPMG’s co-operation.
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NewsLifetime allowance: Confusion and a 'cruel twist' follow its abolition
HMRC pensions data showed pension withdrawals have risen 67 per cent since 2020 as 'cruel twist' shows soaring lifetime allowance and annual allowance charges in 2022.
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NewsEvery pension scheme should have at least one accredited trustee on its board
The Association of Member Nominated Trustees (AMNT) said the accredited trustee on the board can either be lay or professional, and that pension schemes and scheme sponsors should encourage and pay for all trustees' training and accreditation.
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NewsBank of England holds base rate at 5.25 per cent
The financial services industry has welcomed the UK central bank's decision to keep the base rate on hold at 5.25 per cent.
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NewsTPR: Why pension administrators are in the regulator’s sight
Policy initiatives including pensions dashboards and value for money, as well as challenges including Covid and cyber leaks, have prompted The Pensions Regulator to change its approach to the regulation of administrators.
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NewsFuture of state pension triple lock guarantee is 'turning into a game of pensions poker’
The future of the triple lock has been plunged into further doubt after Labour’s Angela Rayner refused to be drawn on her party's commitment to keeping it.
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NewsAt least 50 per cent of schemes have a professional trustee
Half of UK pension schemes now have a professional trustee, while a third have a sole trustee, according to consultancy LCP.