TPR

In a move welcomed by the Government, Paul Thornton has recommended the Pension Ombudsman should become a jurisdiction of the Financial Ombudsman Service in a bid to speed up the resolution process.

At least one large company with a defined benefit scheme is considering reopening the pension but on a risk-sharing basis, claims the Pensions Regulator.

The Pensions Regulator is planning to issue a series of questions which trustees should ask advisers to determine the suitability of advice and how to manage conflicts of interest.

The Association of Consulting Actuaries is calling for government departments dealing with pensions to be included in the Thornton Review of pensions institutions.

Enhancements to pension transfer values is a practice which has been warned against by the industry for a while, but have recent decisions by government bodies and departments to crack down on the practice actually killed it off?

Independent financial advice is an "essential step" for pension trustees when negotiating deficit recovery plans, or in the event of acquisitions or disposals by a sponsoring employer, says Paul Thornton.

Paul Thornton has issued a consultation asking whether The Pensions Regulator should work more closely with the Financial Services Authority to cover a gap in regulation of IFAs advising on transfers between occupational pensions schemes.

The Association of British Insurers has warned the Pensions Regulator against overlapping with other organisations such as the Financial Services Authority in its attempt to regulate risks to defined contribution schemes.

The Actuarial Profession is lobbying the government and Pensions Regulator to take action over the issue of cash commutation in defined benefit pension schemes.

The Pensions Regulator has issued a warning and issued new guidance against the use of inducements in transferring scheme members out of DB schemes.