The Pensions Regulator (TPR) has banned a corporate trustee and one of its directors from acting as pension scheme trustees after multiple governance failures which it said highlighted a lack of competence, capability and integrity

The twin challenges of Brexit and Covid-19 have seen the FTSE 350 pension deficit nearly double during the year, with scheme trustees urged to look for opportunities to reduce risk

In a round-up of the biggest personal tax stories of the year, we look at all the non-coronavirus news, including a potential wealth tax, CGT charges on second home sales, ‘deliberate’ errors, fall in IHT receipts, buy-to-let tax hikes and pension tax relief admin discrepancy

Independent financial advice firm L J Financial Planning Ltd (LJFP) has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest

Matt Smith and Dan Butters, together with other restructuring partners at Deloitte, have been appointed as joint administrators to the Arcadia Group Ltd, and various subsidiary companies, as part of a trading administration

FTSE 350 companies are coming under pressure from an influential shareholder pressure group to clamp down further on executive pension perks and to avoid pandemic-related pay uplifts in order to promote fairness and good employee relations

Deloitte has acquired the business and assets of the pension scheme administration and actuarial consultancy arm of Kerr Henderson Group – Kerr Henderson (Consultants and Actuaries) Ltd – in a bid to grow its pensions business

The pensions regulator is calling on the pensions industry to publicly pledge to combat pension scams as part of a major new campaign

The government is to mandate the use of simpler annual benefit statements for defined contribution (DC) pension schemes, in a bid to improve savers’ understanding of their position, but implementation of an online pensions dashboard has been pushed back to 2023

The Pensions Regulator (TPR) has published new guidance for trustees and employers on transferring to defined benefit (DB) ‘superfunds’, as PwC research suggests up to one million pension scheme members and £170bn of assets could take this route over the next decade

The Pensions Regulator (TPR) has updated its Covid-19 guidance, and from the start of next year defined contribution (DC) schemes and providers will need to report late contribution payments no later than 90 days after the due date, removing the exemption available earlier in the pandemic

The Treasury has confirmed that the minimum private pension age will increase from 55 to 57 in 2028, meaning that savers in late forties and those younger will now need to wait two years longer before accessing their pension

With over £30m reportedly lost to pension fraud over the past three years, the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have launched a new advertising campaign, fronted by football commentator Clive Tyldesley, designed to show scammers the red card

The government is consulting on plans designed to ensure pension providers consider the risk of climate change on their investments, with trustees legally required to assess and report on the financial risks

In her second article on possible pension tax relief reform, LEBC’s Kay Ingram sees greater restrictions ahead as cost of Covid-19 becomes clearer with Spring Budget changes short-lived