View more on these topics

NAO investigates defined-contribution regulation

The National Audit Office has launched an investigation of The Pensions Regulator’s approach to defined-contribution schemes ahead of automatic-enrolment.

The study will focus on whether regulation of DC schemes by TPR effectively addresses the key risks to scheme members.

A NAO spokesman says: “In 2007 we did a study of the then new Pensions Regulator and this is a natural extension of that work.”

The final report will be presented to the public accounts committee in spring 2012.

A spokesman for The Pensions Regulator says: “We welcome the NAO’s review of the regulator’s work on defined-contribution regulation.

“This comes at a crucial time when DC schemes will play an increasingly important role as a result of automatic enrolment.”


Court rejects Arch cru review

The High Court has rejected campaigning group Justice in Financial Services’ application for a judicial review of the FSA’s Arch cru compensation package. The group, led by Joe Egerton, has responded by requesting an oral hearing at the Royal Courts of Justice which is expected to take place at the end of January.Egerton filed the […]


Shell closes final-salary scheme to new members

Royal Dutch Shell has announced plans to close its final-salary pension scheme to new members. The oil company is the only member of the FTSE 100 to run an open final salary scheme. The firm is proposing to develop a defined-contribution pension plan for new employees to “reflect market trends in the UK”. The new […]


Advisers will have to pick up legal bill for pursuing Keydata IFAs

The adviser sub-class will foot the legal bill for pursuing IFAs who sold Keydata products while any recoveries will be paid back to fund management groups. In the latest FSCS outlook, the scheme confirms that any costs attributable to Keydata recoveries will be paid for by the intermediation sub-class. It adds: “Any net recoveries (that […]


Unite rejects NHS pensions deal

Trade union Unite has unanimously rejected the Government’s latest proposals for reform of the NHS pension scheme. The key features of the agreement for NHS workers included moving to a career average scheme, bringing retirement ages into line with the state pension age, introducing an accrual rate of 1/54th of earnings, and revaluing pre-retirement benefits […]

Natixis video: Making smarter use of asset classes

Content supplied by Natixis Global Asset Management This video from Natixis Global Asset Management focuses on Active Share. One strategy for the smarter use of equity investments is ensuring you get what you pay for. According to the company, looking at Active Share can give you a better perspective on where performance comes from. Active […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. I’m afraid my only experience with the pensions regulator was not a good one. A company was deducting payments from employees salaries and not paying them over.

    There did not seem to be any intention of fraud, but this had gone on for over a year. I had alerted the company to the potential for fines etc.

    Although the staff were very concerned, they did not want to “cause a fuss” (borne out by events since as only one still works there).

    I eventually made a full report to the regulator.

    Guess that happened?


    A few months later, we eventually managed to get the back contributions paid but as far as I am aware the pensions regulator did precisely nothing.

    There was significant loss incurred by the members (around £300 each) in terms of lost growth but that will never be seen.

    Imagine what this is going to be like come auto enrolment? How many companies will have poor/no adminstrative processes – and how many will just steal the deductions anyway?

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm