After a significant delay, The Pensions Regulator’s new code of practice was laid before Parliament today (January 10th). The measures contained in this code are expected to come into force next spring. ...
A former pension scheme trustee has been given a 10-month jail term after admitting to using £700,000 of members’ funds to make loans to entities connected to the sponsoring employer. This legal...
The growing number of retirement renters is the biggest threat to retirement adequacy in the UK, with millions of tenants having no chance of saving enough to pay their landlord out of...
The Pensions Regulator (TPR) has updated its guidance on cyber security by calling on trustees and scheme provider to report all significant cyber incidents so it can build a better picture of...
The Treasury and Financial Conduct Authority have laid out proposals to deliver a simplified advice regime, with more targeted support for consumers looking to make financial decisions around retirement, as part of...
The Financial Conduct Authority’s proposed ‘polluter pays’ regulations could lead to far fewer firms offering advice on on defined benefit transfers. Actuarial consultants OAC, part of the Broadstone Group, pointed out that...
Trustees looking for a future DB buyout need to prioritise data quality and administration with insurers now in a stronger financial position and looking to cherry pick the schemes that are most...
The government has issued the new Finance Bill which contains provisions to formally abolish the lifetime allowance (LTA) on pensions. The abolition of this LTA was initially included in last year’s Spring...
More than one in three (37 per cent) of advisory firms have changed their fee structure as a result of completing the new Consumer Duty ‘fair value’ exercise. Research by Royal London...
Clara-Pensions has taken on its first scheme, with the transfer of the £600m Sears Retail Pension Scheme. This is the first time a DB scheme has transferred into a so-called superfund. Clara-Pensions...
