UK Proposes Increasing Pension Watchdog’s Powers
Government white paper suggests giving The Pensions Regulator (TPR) the ability to levy ‘punitive fines.’
Tag: UK
Crest Healthcare Admits Shirking Pension Requirements
Firm and managing director plead guilty to misleading The Pensions Regulator.
New British Steel Pension Scheme Goals Met
BSPS plans, Tata Steel merger with Thyssenkrupp can now go forward.
UK Pension Liabilities Surge to £7.6 Trillion
State pension liabilities claim £4 trillion.
UK Pensions Funded Level Accelerates in February
Total deficit for private sector DB plans shrinks 41% over the past year.
UK Pensions Could Benefit from Black Box Thinking
Report says DB plans should take best practices cues from aviation industry.
UK Committee Calls for Pensions Regulation after Billion-Dollar Scandal
Average British Steel pensioner transferred £400,000 in benefits to “unsuitable” funds.
WPP De-Risks £140 Million in DB Liabilities
The pension insurance buy-ins cover communication giant’s five pension plans.
TPR Doles Out £130,000 in Fines to Two Pension Violators
Bus operator is first company to be sentenced for shirking auto-enrollment duties.
UK’s FCA to Investigate Private Pensions
Financial watchdog seeks comments on £40 billion non-workplace pension sector.
UK Pension Funding Levels Continues to Rise
Deficits shrink on a monthly and annual basis.
Private Pensions Boost British Wealth
Survey finds that more than half of UK wealth growth comes from private pensions.
Newsmakers
Royal Mail, CWU Settle 10-Month Pension Dispute
Union members must approve deal in national ballot.
Carillion Ignored Advice to Boost Pension
Consultants said the collapsed company could have afforded ‘materially higher’ pension contributions.
Risk
FCA Warns of Social Media Cryptocurrency Scams
Regulator says investors lost £87,410 per day last year to binary options scams.