Regulation

The Department of Work & Pensions has withdrawn the planned 10 per cent increase in the general levy, due to take effect this April. This levy is applied on all occupational and...

Around half of the FCA’s 2019/20 business plan is focused on technology, with a particular focus on cyber security. This must make it inevitable that we will see new regulatory requirements soon....

It’s not controversial to say a key regulatory objective is to encourage consumers to shop around for financial services products. As well as driving competition, it also ensures the customer gets the...

Diversity for trustee boards has been on the Pensions Regulator’s (TPR) agenda for quite some time. There is now more focus for trustee boards to become more diverse and representative of their...

The Pensions Regulator has published a consultation on its proposals to revise the defined benefit funding code.  The first stage of this consultation is seeking views on both the new 'twin track'...

Advisers have called on the government to provide urgent clarification on equalising guaranteed minimum pensions in order to address concerns by trustees and sponsoring companies.  HMRC has recently published guidance about this...

The Government has published further guidance on how pension schemes should deal with the equalisation of Guaranteed Minimum Pensions (GMP). This follows a high court ruling that schemes must equalise these benefits...

Large employers are increasingly using third parties to review financial advice given on transfers from defined benefit pensions, according to a report in the Financial Times. It found that a number of...

The Financial Conduct Authority - better known for handing out fines for poor financial practices - has incurred a £2,000 penalty itself, for failings relating to its own pension scheme. This fine...

Guy Opperman has been re-appointed as the minister for pensions and financial inclusion, following last week’s general election. Opperman, who was re-elected as the MP for Hexham, Tynedale and Ponteland, in Northumberland,...