More Law & Regulation – Page 96
-
NewsNorfolk Pension Fund wins legal case against US biotechnology company
The Norfolk Pension Fund has won a court case against an American pharmaceutical company and the company’s CEO and board chairman, with a jury finding them liable for securities fraud.
-
News
Significant decrease in number of AE compliance notices issued
On the go: The number of auto-enrolment compliance notices issued by the Pensions Regulator reduced substantially during the final two quarters of 2018.
-
News
Only 8% of UK investors ready to comply with EU SRDII
On the go: A tiny proportion of institutional investors across Europe are ready to comply with the EU Shareholder Rights Directive II coming into force this year.
-
News
Pensions minister confirms commitment to CDC schemes
On the go: The minister for pensions and financial inclusion, Guy Opperman, has confirmed that the government intends to proceed with legislation to implement collective defined contribution schemes.
-
News
'Fraudster families' running pension scams worth millions of pounds
On the go: Organised crime groups led by families or married couples are running multimillion-pound pension scams, according to the Pensions Regulator.
-
News
New criminal sanctions could be difficult to enforce, experts say
The government has said that it plans to go ahead with proposals for new criminal offences to prevent and penalise mismanagement of pension schemes, but enforcing these sanctions may prove challenging, experts say.
-
News
IGC reports are ‘vague’ and lacking information, says Labour MP
The effectiveness of independent governance committees has come under the spotlight in the Work & Pensions Committee’s hearing on pension costs and transparency inquiry, with the bodies blasted for lacking information.
-
News
Gender pay gap narrows at PPF to 17.2%
On the go: Women’s pay has been edging up at the Pension Protection Fund (PPF) but the median gender pay gap is still 17.2 per cent, a drop of three percentage points from last year (20.4 per cent in 2017).
-
News
Court fines Mansoor Nasir £5,000 for workplace pension lies
One the go: Bradford-based accounts manager Mansoor Nasir, who tried to hide the fact that restaurants had not given their staff workplace pensions, has been fined £5,000.
-
News
Last-minute dash expected for master trust authorisation
On the go: Only eight master trusts have applied for authorisation with the Pensions Regulator, leading to expectations that there will be a last minute dash as the March 31 deadline looms.
-
News
DWP consultation ramps up pressure on small schemes to consolidate
The Department for Work and Pensions is ramping up the pressure on small schemes to consolidate and to consider long term illiquid investments.
-
News
Insurers brace themselves for DB superfund disruption
Insurers are bracing themselves for disruption by superfunds, but their desire and capability to establish their own defined benefit consolidation vehicles remains unclear.
-
News
TPR confirms Now Pensions admin crisis largely over
On the go: The Pensions Regulator has confirmed today that Now Pensions has overhauled its administration system.
-
News
Public sector pension bill to rise to £4bn a year after court ruling
On the go: The taxpayer could face extra public sector pension costs of £4bn a year following a court ruling last year that the government discriminated against younger judges and firefighters in both the Firefighters and Judicial Pension Schemes.
-
News
PLSA: Shareholders’ resolutions against FTSE directors’ pay triple
On the go: Shareholder activism is on the rise. Across Britain’s major companies in the FTSE 350, 148 annual meeting resolutions attracted ‘significant’ dissent levels across 82 different companies in 2018, recent research has shown. Executive pay and directors’ election were the top areas of concern.
-
News
UK’s EU pensions liabilities could reach €9.75bn
On the go: The UK’s share of the EU’s pension is liabilities could be as much as €9.75bn (£8.52bn), Lord Bates told Parliament on Monday.
-
News
UK retirees in the EU could see their state pension frozen, warns Altmann
On the go: Hundreds of thousands of UK citizens who have retired to the EU could lose out on state pension increases if there is a no deal Brexit, former pensions minister Ros Altmann has warned.
-
NewsFCA investment pathway proposals welcomed, but concerns remain
The Financial Conduct Authority’s recent proposals on investment pathways have been widely welcomed, but questions remain over the suitability of ready-made drawdown solutions.
-
News
FCA proposes rules on investment pathways
On the go: The Financial Conduct Authority has set out its second proposed package of remedies from its Retirement Outcomes Review, in a consultation on investment pathways, ensuring investment in cash is an active decision, and actual charges information.
-
News
XPS: ‘GMP equalisation will be less costly than feared’
On the go: The cost of addressing inequality in guaranteed minimum pensions may be a lot lower than expected at less than 1 per cent of total liabilities for over half of all schemes, according to consultancy XPS Pensions.