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19 Jul Inadequate measures place pressure on pensions’ schemes

After several vigorous, public criticism of its failure to exercise its powers in high profile cases, the Pensions’ Regulator has its spotlight firmly trained on corporate activity and the impact it has on defined benefit pension schemes. That scrutiny is in addition to the Work...

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18 Jun Rosalind Connor comments in Pensions Expert on DWP’s defined benefit white paper

The Pensions Regulator is prepared to deploy tough new powers promised by the Department for Work and Pensions’ defined benefit white paper, although it admitted that there will be a high bar for beginning any criminal proceedings against sponsoring employers. Much of the technical difficulty in...

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11 May The real risk of ignoring letters from the Regulator

It’s Monday morning, and you get a letter postmarked “Brighton”, sent by Special Delivery. It’s not your birthday, so you are not sure what to expect. So you rip open the envelope and find that The Pensions Regulator (“TPR”) has given you notice under section...

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28 Mar The implications of pensions white paper

Businesses that have defined benefit pension schemes are long used to regulation. Ever since the Maxwell scandal, nearly 30 years ago, successive governments have dealt with the political fallout by passing yet more regulation around schemes and their employers, promising to ensure that businesses “do...

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24 Jan Do the GKN trustees really matter to Melrose?

Pension scheme trustees tend to keep quietly in the corner, talking about breach of trust and mortality assumptions, but every now and then they find themselves in the glare of publicity that surrounds the world of M&A....

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16 Jan Closing Defined Benefit Pension Scheme at BA highlights liabilities

With some rather unseasonal timing, in mid December 2017, British Airways announced the bad news to staff of the planned closure of its defined benefits pension scheme ( the New Airways Pension Scheme, known as NAPS) to future accrual in April 2018, with a view...

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