TPR appoints new chief executive
The Pensions Regulator has appointed Charles Counsell as its new chief executive. Counsell is currently chief executive of the Money Advice Service, and has previously worked for The Pensions Regulator as director...
Regulation
DWP confirms pension ombudsman appointment
Arter has also been reappointed as the Ombudsman for the Pension Protection Fund, again for a further two-year period. The Pension Ombudsman investigates complaints and disputes about personal and occupational pension schemes....
FCA unveils new regulatory regime for CMCs
The Financial Conduct Authority says it hopes to “drive up standards” in the claims management sector, when it starts regulating this area of business from April next year. The watchdog has published...
CMA publishes final report into investment consultancy sector
The Competition and Markets Authority has demanded a range of reforms to improve competition in the investment consultant and fiduciary management sector. This recommendations come as the CMA publishes its final report...
David Fairs: Countdown to master trust authorisation
The latest figures released about the shape of the master trust market show that one scheme has applied for authorisation so far. Given the window has been open since 1 October 2018...
TPR launches first fraud prosecution
The Pensions Regulator has launched its first fraud prosecution against an accountant accused of taking cash from a pension scheme. This is the first time the regulator has charged an individual with...
BT fails in legal challenge to reduce pension benefits
This telecoms giant had been looking to substitute its current measure - the Retail Prices Index (RPI) - with the Consumer Prices Index (CPI), which typically increases at a slower rate. It...
FTSE 350 pension schemes move back into surplus
In total 44 per cent of scheme are now in surplus, and 90 per cent of companies could pay off their IAS19 deficit with less than six months earnings. However it is...
Thousands check pensions after ScamSmart campaign
More than 173,000 people have sought information about pensions scams, since a joint initiative was launched by the Financial Conduct Authority and The Pensions Regulator this summer. This is a five-fold increase...
Government gives go-ahead to pensions dashboard
The industry has welcomed the long-awaited publication of the feasibility study for the pensions dashboard. This study was published today by the Department of Work and Pensions, after a delay of almost...
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