Law & RegulationRSS

Members on lower incomes to pay more in NHS pensions overhaul

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The government has announced its intent to overhaul the way in which NHS Pension Scheme members pay contributions from April next year, following the implementation of the McCloud remedy.

Experts warn against major pension tax changes this autumn

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The government’s attempts to source billions of pounds in spending by altering pensions taxation are unlikely to be successful, although the Autumn Budget is unlikely to produce major announcements in this area, experts have said.

Smart: Trust is key to ensure TPR’s powers are applied fairly

News on the go

On the go: Member-nominated trustees have “nothing to fear” from the Pensions Regulator’s newly introduced criminal sanctions, chair Sarah Smart told the Pensions and Lifetime Savings Association’s annual conference.

USS employers call for union co-operation ahead of strike ballot

UCU strike 2019 teaser

Universities UK, the group representing 340 Universities Superannuation Scheme employers, has called on trade unions to co-operate with it as it bids to reform the embattled pension scheme.

Opperman lauds ‘transformational’ climate requirements

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Pensions minister Guy Opperman has lauded the government’s “utterly transformational” approach to climate reporting requirements, while promising legislation on “simpler statements” and the “statements season” in the near future.

Public sector schemes told to conclude 2016 valuations

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The Government Actuary’s Department has agreed with HM Treasury that its amendments to the cost-control framework used in public sector schemes meet the government’s policy objectives, drawing a line under the troubled 2016 valuation process and allowing public sector schemes to complete these.

Calls for an inquiry over teachers’ 7-year contributions gap

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Councillors have called for an independent inquiry to determine how 14 members of the Teachers’ Pension Agency found they were missing seven years’ pension contributions from their employer.

USS sponsor claims members will be ‘priced out’ without reform

News on the go

On the go: Universities UK, the group representing 340 Universities Superannuation Scheme employers, has warned that USS members will be priced out of the scheme if the union’s threats of strike action derail reform proposals.

TPR may leave sponsors ‘guessing’ over potential enforcement action

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Sponsors could be “left guessing” as to whether key decisions could lead to enforcement action under new guidelines from the Pensions Regulator, LCP has warned.

Mandating net zero could ‘cut straight through’ fiduciary duties

Podcasts

Podcast: Stuart O’Brien, partner at Sackers, and Gareth Stears, pensions technical consultant at Aries Insight, discuss ESG and net zero, social housing, and the Pensions Regulator’s controversial criminal powers.