The government has confirmed plans to allow pension transfers to 'reputable' schemes without requiring further checks against existing scam warning flags, as part of reforms intended to simplify legitimate transfers while strengthening protections against fraud

TPT Retirement Solutions has applied for authorisation from The Pensions Regulator (TPR) to launch a multi-employer collective defined contribution (CDC) pension scheme, the first provider to do so

Just 27 per cent of small defined contribution (DC) pension schemes have an effective system of governance (ESOG) and have completed an own risk assessment (ORA) or governance review, compared with 94 per cent of large DC schemes, according to research from The Pensions Regulator (TPR)

The government's guided retirement proposals have been welcomed by the pensions industry, although concerns were raised about a potential increase in trustee responsibilities, protecting pension freedoms, and the practical challenges of implementation

The Financial Reporting Council (FRC) is consulting on the future development of actuarial standards for defined contribution (DC) pension illustrations, and has published a discussion paper exploring how those standards could support pension illustrations both before and through retirement

The Public Accounts Committee (PAC) has launched a new inquiry into the ongoing administration issues at the Civil Service Pension Scheme (CSPS)