TPO orders Northumbria Police to reinstate pension liberation victim’s pension

The Pensions Ombudsman has ordered Northumbria Police to reinstate a pension liberation victim’s pension, as it ruled that the authority did not take the necessary steps to prevent the transfer.

Following an investigation the Ombudsman concluded that if the authority had performed its duties correctly, then Mr N, would not have transferred out of the scheme

TPR steps up frontline regulation activity; powers used 358 times in Q2

The Pensions Regulator has stepped up the use of its enforcement powers for frontline regulation, with 10 per cent of the total number of times it has used its powers since April 2014 being in the last quarter

Just Group acquires majority in Corinthian Pension Consulting

Just Group has acquired a 75 per cent shareholding in the holding company of Corinthian Pension Consulting in a bid to run bulk member option exercises

News in brief 17 August

The latest news in brief and mandates from the past seven days

Other News Stories...

Accountant admits to deliberately misleading TPR

An accountant has admitted to providing false information to The Pensions Regulator, telling them that staff at a London cafe were enrolled into a pension scheme

BMA tells Treasury to rethink pension tax relief amid NHS ‘recruitment crisis’

The British Medical Association has urged the Treasury to review pensions tax relief rules, as the current rules risk “deepening the recruitment crisis in general practice”

Royal London tells govt to ‘put consumer first’ in dashboard plea

The CEO of Royal London, Phil Loney, has urged the government to save the pensions dashboard and “put the consumers first”

56% of asset managers unprepared to meet DC transaction cost year-end deadline

Over half of asset managers believe they will not be able to provide full transaction costs for defined contribution trustees in time for the March 2019 year-end statements, according to research by LCP

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

Latest Features

Longevity improvements and regime shifts

Tim Gordon considers the slowdown in longevity rates and how pension funds can use these findings

Rising tide

Laura Blows looks at the flood of ESG conversations within the pension fund industry, and whether it is really changing the investment landscape

The ombudsman’s vision

Since taking on the role in 2015, Pensions Ombudsman Anthony Arter has overhauled the way the service works, implementing his own vision. Natalie Tuck speaks to him about the role and the cases TPO deals with

Spotlight: Overseas

We explore the pensions systems within the largest global pension markets: Australia, Canada, Japan, the Netherlands, Switzerland and the USA

Generation game

The media is full of stories about generational conflict. David Adams asks if the UK pensions system really does treat younger workers unfairly, or if there are more productive ways to think about changes that will help deliver a more comfortable retirement for everyone

Building bridges

With record numbers of employees in master trusts, the relationship between employers and scheme members can become distanced. Talya Misiri questions the impact of this and what employers can do to plug the gap between employer-member relations

A noticeable difference

Andrew Williams considers how best to measure the impact of ESG investment strategies

Broadening horizons

Sandra Haurant explores why pension funds are increasingly investing in emerging markets, and the different ways that they are doing so

Rules for all

Pensions Age asks the industry which international regulations are having a significant impact on UK pension funds

Hard labour

Modern working practices – from the rise of the gig economy to phased retirement – mean traditional pension products are becoming a poor fi t for many people. Alastair O’Dell investigates the innovations taking place to meet emerging needs

Primary purpose

Having succeeded in getting financial education included in the National Curriculum, the sector is now gathering evidence to argue that money management lessons should start even earlier – at primary school. Andy Knaggs discovers how the case is being made

Lessons from the other side

Following industry debates as to whether there should be some kind of ‘drawdown default’ or if complete freedom and choice should be maintained at decumulation, Laura Blows looks at the experience of those implementing their freedom and choice to opt out of the default and self-select funds at the

accumulation stage

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

Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members
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