Law & Regulation

Small defined contribution schemes may find it difficult to comply with the key quality features and governance code proposed by the Pensions Regulator yesterday, industry figures have said. 

Pensions minister Steve Webb was told defined contribution was an "awful" system that the government and industry must "urgently" work on, during a House of Lords select committee meeting yesterday.

Deferred members are increasingly less likely to get the same early retirement benefits than active members, partly due to the current economic climate, legal experts have said. 

Round-up: Hurdles faced by employers implementing auto-enrolment in 2012.

Round-up: Here is our pick of some notable political stories from a tumultuous year.

Round-up: In the past 12 months the unions have expressed strong views on a range of subjects including auto-enrolment, the Local Government Pension Scheme and deferred membership.

Schemes should prioritise quality rather than quantity in communications, the Work and Pensions Select Committee heard yesterday from the CBI, at its third evidence session on best practice at UK schemes.

One of the UK’s largest industry-wide schemes will offer employers a career average benefit for auto-enrolment, which it says embodies defined ambition by giving certainty in retirement and cost-effective administration.

The chancellor's Autumn Statement released this afternoon announced a consultation to smooth the rates used to discount scheme liabilities, and reduce further the lifetime and annual tax allowances for scheme members.

The Scottish government has said "significant additional pressures" from pension reform on the agency that administers the pensions of 240,000 public sector workers has led to a 10 per cent staffing increase.