Regulatory matters

Windrush, GDPR and pension schemes: what should you do about historic data?

Helen Powell

Pension schemes have a long lifecycle. They need personal data to put pensions into payment decades after a member first joined the scheme and may need to deal with claims about calculation errors decades after that. Schemes with a complex history of mergers and bulk transfers-in may have significant quantities of legacy data. Any scheme Read More

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Trustee fines – who pays?

Nadia Karavias

The Pensions Regulator has imposed fines on the trustees of Pakistan International Airlines’ pension scheme (£500 each for failure to provide audited accounts for two years), and on the trustees of six schemes for failure to comply with the content requirements of the Chair’s statement. Potential fines are a frequent concern for trustees: who pays Read More

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Information gathering powers – the risk of non-compliance

Caroline Overton

For those of us working in the occupational pensions arena, Brighton Magistrates’ Court is not where we typically expect to see a pensions dispute play out. However, recently we saw rich coverage of Dominic Chappell’s four days in that very establishment, culminating in a criminal conviction for failing to provide information to the Pensions Regulator, Read More

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Does your scheme always pay?

Rebecca Peet

High earners hit by the tapered annual allowance may be liable to pay some or all of their tax charge from savings – could voluntary scheme pays be the answer? Read More

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TPR and the BHS pension schemes – (not quite) the last word…

Caroline Overton

The settlement agreement reached in relation to the BHS pension schemes, followed by the publication last week of the Pensions Regulator’s regulatory intervention report, may mark the end of the long-running, high-profile BHS pensions saga. This is therefore an appropriate moment to take a step back and consider what these milestones mean in practice. Read More

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