All Pensions Act articles
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NewsPPF reserves rise by £400m
The Pension Protection Fund (PPF) increased its funding ratio to 156 per cent and reserves to £12bn during the year financial year ending 31 March 2023.
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NewsPHSO finds ‘maladministration’ in DWP’s complaint handling
On the go: The Parliamentary and Health Service Ombudsman has found evidence of “maladministration” in the Department for Work and Pensions’ communication about changes in women’s state pension and in its complaints handling.
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NewsPodcast: Ball in TPR’s court as DB funding code consultation launches
Podcast: The consultation into the defined benefit funding code by the Department for Work and Pensions hints at a prescriptive regime to come, but the Pensions Regulator must improve on its “rubbish” code of practice draft, according to Zedra client director Richard Butcher. He and Hymans Robertson partner Laura McLaren discuss the next steps, stronger nudge concerns, and assess the health of pensions post-Maxwell.
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NewsGovt writes off £483,000 as Aon completes Maxwell scheme wind-up
Aon has overseen the wind-up of the AGB Pension Scheme, the last of the so-called “Maxwell pension schemes” supported by Aon Trustees Limited, with the aid of a £483,294 write-off by the government.
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NewsWebb calls on govt to delay increase in state pension age
On the go: The government’s plans to increase the state pension age from 66 should be delayed because we are not living as long as previously expected, according to research.
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NewsDWP failed in communicating women’s state pension age changes
On the go: The Department for Work and Pensions failed in communicating changes to women’s state pension age, according to the Parliamentary and Health Service Ombudsman.
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NewsTPR looks to clarify new contribution notice tests
On the go: The Pensions Regulator has called for the pensions industry to give its views on the application of new contribution notice tests stemming from the Pension Schemes Act.
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NewsWaspi women ‘frustrated’ at ombudsman delays
On the go: Campaign group Women Against State Pension Inequality have spoken of their frustration after “waiting for months” for the Parliamentary and Health Service Ombudsman to make a decision regarding their case.
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News
Protheroe: From employee 37 to PPF board member
Fifteen years after joining the Pension Protection Fund as employee number 37, Sara Protheroe has now been appointed to the lifeboat’s board.
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News
Regulator charges third party for supplying false information
The Pensions Regulator is prosecuting an accountant for falsely claiming that the business he was working for had enrolled its staff into an occupational pension. It is the first time that the regulator has charged a third party for this offence.
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OpinionHow has DB changed in 20 years?
From the blog: April 2017 saw the 20 anniversary of the introduction of scheme actuaries. I don't expect there were many parties in celebration, but it made me think about how scheme actuaries, and defined benefit pensions, have changed over 20 years and what might happen next.
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OpinionWhy the training debate should centre on pro rather than lay trustees
In her address to the Pensions and Lifetime Savings Association annual conference last month, the Pensions Regulator’s chief executive Lesley Titcomb tackled mandatory qualifications for trustees.
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Features
Xerox to protect repayment power amid legal uncertainty
Xerox Final Salary Pension Scheme is planning a resolution allowing it to continue to make repayments to its sponsor, but legal experts are split on whether such a move is necessary or will even be effective.
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Opinion
Pensions bill receives royal assent: our coverage of the changes
The pensions bill 2013-2014 is scheduled to receive royal assent today, to officially become an act.
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Features
MNOPF weighs up DC section to manage s75 risk
The navy officers' fund is considering launching a DC section to help its employers avoid triggering section 75 debts.