All The Pensions Regulator (TPR) articles – Page 14
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NewsUniversities reject union’s USS valuation solution
Employers have rejected proposals from the University and College Union to end the impasse over the Universities Superannuation Scheme’s 2020 valuation, while yet more institutions have seen staff walk out on strike.
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NewsRoyal Mail moves ahead with CDC scheme after consultation
On the go: Royal Mail, the Communication Workers Union and Unite have agreed to progress plans to introduce a new collective defined contribution scheme, the first of its type in the country, following a consultation with members.
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NewsGovt dismisses USS guarantee as employers discuss new proposals
The Department for Education has dismissed the significance of a guarantee of Universities Superannuation Scheme benefits that early reports suggested could constitute a full government underwrite of the scheme, while employers have announced a short consultation on union proposals to resolve the 2020 valuation dispute.
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NewsRegulators should look at the role of introducers in British Steel scandal
On the go: Regulators have been urged to look again at the role of introducers in the British Steel Pension Scheme transfers scandal that has seen more than £20mn paid out in compensation.
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NewsLecturers strike again over USS benefit cuts
On the go: Staff at 44 institutions are to walk out once again over planned benefit cuts to the Universities Superannuation Scheme.
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NewsEmployers and union at loggerheads as USS deadline looms
Employer representatives have again criticised the University and College Union as the deadline for avoiding “unaffordable” contribution rate hikes in the Universities Superannuation Scheme approaches.
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NewsEx-Norton owner pleads guilty to illegally investing pension funds
The former owner of Norton Motorcycles has pleaded guilty to the charge of illegally investing pension scheme money in his failing company.
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NewsMid-sized deals prompt strong growth in bulk annuities market
On the go: Strong demand for bulk annuity transactions is likely to persist until the end of the decade, with annual liability deals totalling around £40bn, according to a new report from Moody’s Investors Service.
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NewsNearly half of savers in the dark when switching pension providers
On the go: More than four in 10 pension holders surveyed by B&CE said they would not know what to look for when switching pension providers.
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NewsPrudential reports itself to regulator over AVC failings
Prudential reported itself last year to the Pensions Regulator, as a perfect storm of IT problems and coronavirus-led disruption pushed customers looking to cash out their additional voluntary contributions into long delays.
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NewsPodcast: TPR tells trustees to weigh up diversity when making decisions
On the go: Trustees should think about the diversity of their scheme’s membership, and consider whether they are “inherently disadvantaging” some members with their decisions, according to David Fairs, the Pensions Regulator’s executive director for regulatory policy, analysis and advice.
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NewsGovt proposes ‘find and view’ dashboards amid public sector delay
The government will be moving forward with the ‘find and view’ functionality on pensions dashboards from launch day, despite industry concerns about the size of the task ahead, while it acknowledged that public sector schemes will only be onboarded in 2024 due to the “considerable work” caused by the McCloud remedy.
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NewsOmbudsman cracks down on trustees with new anti-scam unit
The Pensions Ombudsman has launched a new specialist team dedicated to investigate breaches of trust, and allegations of dishonest and fraudulent behaviour by pension scheme trustees.
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NewsDC market consolidates by nearly 40% in a decade
On the go: The defined contribution market has shrunk by almost 40 per cent over the past 10 years, according to data published by the Pensions Regulator.
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NewsFinancial regulators sign deal to ensure fair compensation
On the go: The UK’s financial regulatory bodies have agreed to collaborate on matters of common interest and ensure fair compensation for consumers.
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NewsTPR to accept CDC applications from August
The Pensions Regulator has published its draft code of practice governing authorisation for collective defined contribution schemes, and is set to begin accepting applications from August.
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NewsTPR to publish new CDC code before the end of January
The Pensions Regulator will be consulting on a new code of practice for the authorisation and supervision of collective defined contribution pension schemes before the end of January, chief executive Charles Counsell has revealed.
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NewsCushon gets Creative and doubles in size
On the go: Pensions provider Cushon has acquired the manager of the Creative Pension Trust, in a deal that will more than double its customer base and assets under management.
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NewsIs legislation helping trustees on their journey to net zero?
When it comes to making their schemes greener, trustees have a lot to get their heads around. But current climate-related legislation is helping to focus minds and offer a framework for meeting net zero targets.
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NewsDB superfunds can offer employers 10% in savings
On the go: Employers that transfer their defined benefit pension schemes into consolidator vehicles such as Clara-Pensions and The Pension SuperFund could make savings of up to 10 per cent, according to new Hymans Robertson research.