TPR ‘has choices to make’ over future resource allocation – Titcomb

The chief executive of The Pensions Regulator has said that it has “some choices to make” on its resource allocation following the implementation of its new risk-based regulatory model.

Speaking to Pensions Age, Lesley Titcomb said that it will be testing its new one-on-one supervisory approach, starting with 25 schemes and eventually moving up to 60, but that in the end it will be “those who guard the public purse” who decide the level of supervision it will be able to enact

Whitbread pension deficit drops by £127m

Whitbread’s defined benefit pension deficit has dropped by £127m over the last six months to £162m on an IAS19 accounting basis

TPS changes to cost employers £150m, UCEA warns

Increasing employer contributions to the Teachers’ Pension Scheme (TPS) will cost employers £150m, which can only be met by “reducing the number of staff”, the Universities and Colleges Employers Association (UCEA) has warned

Nest turns attention to self-employed; research identifies three sub-groups

Nest has revealed its plans to encourage the self-employed to save more for their retirement, following its latest research that has identified three main sub-groups that the self-employed fall into

Other News Stories...

People behind £13.7m pension scam banned from being trustees

The four people behind a pension scam worth £13.7m have been banned from being trustees of pension schemes

ABI urges govt to end ‘salami-slicing’ of tax relief

The Association of British Insurers (ABI) has called for an end to the “salami-slicing approach” to cutting pensions tax relief and stated it is willing to work with the government on “longer-term reforms”

PLSA AC 18: A pensions bill will take years says TPR

TPR executive director for regulatory policy, analysis and advice David Fairs said it will take two years before a pensions bill comes into effect, starting after the result of the upcoming consultation paper is published

Thousands at risk of missing out on extra pension income

More than three quarters (76 per cent) of people aged over-55 do not know that medical conditions or lifestyle choices could increase the money they receive from an annuity

Absolute return focus
Laura Blows speaks to Matthew Bullock, Investment Director - Multi-Asset, Wellington Management, about absolute return strategies

Latest Features

Back from the dead

Jack Gray explores how new life has been breathed into the pensions dashboard

Brought to heel

With defined contribution master trust providers now invited to apply for authorisation, Theo Andrew explores how they have been brought to heel, how The Pensions Regulator has been chasing its tail and what it could mean for defined benefit master trusts

A widening chasm

As the amount between how much people should save for retirement and how much they are actually saving widens, Sara Benwell considers why this is occurring and what can be done to mend the gap

Changing minds

Many fear that the pensions industry’s image has a negative impact on pension saving rates and its attractiveness as a career option for young people. Andy Knaggs looks at what the industry is doing to change perceptions

The winds of change

Unprecedented change within pensions and advances in technology are threatening to destroy traditional roles and leave the industry with a very uncertain future

The luck of the default

With around 88 per cent of defined contribution members in their scheme’s default fund, it is imperative that the industry creates the best funds it can for members. Natalie Tuck looks at the impact of return variations on a member’s prospective pension pot

The future is now

Laura Blows considers the use of artificial intelligence within the pensions industry

A smoother ride

Laura Blows considers whether pensions sidecars may just be the new vehicle needed to balance savers’ long-term and short-term financial needs

A cog in the machine

Louise Farrand explores how administrators’ increasing workload is making it more challenging to keep ‘the pensions machine’ running smoothly

The difficulties of going pro

The popularity of professional trustees on pension boards has undoubtedly provided a number of benefits. However, the growing use of these trustees comes with its own set of challenges, Laura Blows finds

An inside attack

Laura Blows considers the consequences of bad data infiltrating good schemes

Throwing open the doors on closet trackers

They say in life that you get what you pay for, but that does not always ring true in finance, finds Elizabeth Pfeuti

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Absolute return focus
Laura Blows speaks to Matthew Bullock, Investment Director - Multi-Asset, Wellington Management, about absolute return strategies

Engaging tactics
Laura Blows talks to Mark Rowlands, director of customer engagement at NEST, about how to increase member engagement
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