Regulation

For the first time, a prosecution brought by The Pension Regulator has resulted in an immediate custodial sentence.  In February Roger Bessent - a pension trustee - was convicted on to five...

The number of companies disclosing information about their workplace practices — and that of their supply chains — has doubled this year, thanks to co-ordinated action by ShareAction.  Ninety global companies, including...

Phoenix Group - which purchased Standard Life Aberdeen’s insurance business last year - confirmed that the regulator was considering further action in its annual results, published on March 5. It said that...

This statement provides more detailed guidance on how schemes should approaching forthcoming valuations. It is particularly relevant to schemes conducting valuations from 22 September 2018 to 21 September 2019. TPR says trustees...

The Department of Work and Pensions has confirmed that the Single Finance Guidance Body will be renamed the Money and Pensions Service from April 6.  The SFGB was formed from the merger...

The Financial Conduct has appointed Richard Lloyd, founding trustee of the Money and Mental Health Policy Institute, to its board. Lloyd will take up the role of non-executive director at the start...

The FCA has published a consultation on proposed new rules surrounding disclosure of costs of workplace pension schemes and has moved to address the challenge of negative transaction costs caused by anti-dilution...

The FCA has accused asset managers and retail investment firms of communicating charges in a way that is ‘unfair, unclear or misleading’, meaning investors ‘can be confused and misled as to how...

The European Insurance and Occupational Pensions Authority has confirmed that expats who have UK pensions will not treat these private savings plans as ‘cross border’ contracts.  This clarification may ease the minds...

The Pensions Regulator has charged a trustee with fraud by abuse of position, after he admitted transferring more than £280,000 of pension funds to support his own business and investments. The action...