Pension Schemes Bill published

The Pension Schemes Bill announced in the Queen’s Speech on Monday has been introduced in Parliament. You can view the Bill here. The Bill contains provisions which, if it reaches the statute books, will: introduce new powers for the Pensions Regulator enable employers to establish Collective DC schemes (based on the model developed by Royal … Read more

Pensions Bill announced in Queen’s Speech

The long-awaited Pension Bill has been announced in the Queen’s speech today. We understand that the Bill (which will be a ‘Pension Schemes Bill’) could be published as soon as tomorrow. We are also expecting the Regulator to launch the first part of its consultation on the principles and framework for the new defined benefit … Read more

Are you ready for Brexit?

As the uncertainty over the timing and nature of Brexit continues, it is important that your organisation and pension scheme are prepared for any eventuality. You can follow the key developments and find out what you need to know to prepare for Brexit on our Brexit hub and by following our Brexit blog. Our Brexit … Read more

Top 10 reasons for Pensions Ombudsman complaints in 2018/19 revealed

The Pensions Ombudsman’s annual report for 2018/19 shows that the number of pension related complaints continues to rise, with 1,538 new investigations opened by the Ombudsman in the past year (a 5% increase on the previous year). The top 10 reasons for new complaints remains largely unchanged from 2017/18, although the order has changed. However, … Read more

Tougher pensions regulation survey – your views and experiences

The Pensions Regulator has said that it is taking a “clearer, quicker and tougher” approach to pensions regulation. But what impact is this having in practice? To find out, we invite you to complete our tougher pensions regulation survey to share: your experiences of dealing with the Pensions Regulator, and your views on the Regulator’s … Read more

Practical guide: Responding to requests for information from the Pensions Regulator

The Pensions Regulator is being more proactive and it is becoming increasingly common for pension scheme trustees, corporate sponsors, advisers and service providers to receive formal and informal requests for information from the Regulator.In the past five years the Regulator has issued 656 formal requests for information, known as "Section 72 notices". This represents an increase of 133% on the previous five year period. Read more