Tag Archives: Regulation

Regulations have finally been laid before Parliament to correct errors that had been embedded into legislation when the lifetime allowance was scrapped. The lifetime allowance was abolished back in April but there were mistakes in the original legislation, which the government needed to fix before certain clients could make changes to …

Mr Kretinsky, who is already the largest shareholder in Royal Mail through his company EP Group, has pledged not to split the group’s lucrative parcels business, GLS, from its struggling letters business. Under terms set out in his offer, this undertaking would be valid for three years after the deal …

Mohsin Issa, co-owner of Asda said;  “We have engaged fulsomely and openly with the Business and Trade Select Committee on grocery and fuel price inflation. We are disappointed to hear that the committee feels there are discrepancies in our evidence and have provided them with a detailed response to their …

The Purpose of Regulation report said that a “lack of democratic oversight” of regulators is holding back productivity and economic growth and recommended the formation of a new cross-parliamentary committee to oversee regulatory performance. The report features calls for greater accountability from regulators from various conservative MPs including Bim Alofami, …

Under CDC schemes, employers and employees pay a fixed rate of contributions, collected in a manner similar to defined contribution schemes. Benefits are paid with a target in mind, similar to defined benefit schemes, but with the prospect of variable increases — and the possibility of decreases.  The aim is …

‘CDC day’ today comes after a long effort to introduce an alternative to defined benefit (DB) and defined contribution (DC) models culminating in the DWP’s confirmation last December that it would proceed with regulations and a greenlight from The Pensions Regulator (TPR) in January. The new alternative schemes allow savers …

By Kyle Morris Royal Mail PLC said Wednesday that it will consider the separation of its namesake Royal Mail business and GLS if it can’t achieve significant operational change at Royal Mail in the U.K. The British letter-and-parcel courier said it will rename the holding company to International Distributions Services …

In the document published on Tuesday, the MPs made a number of recommendations in other areas, such as increasing uptake of Pension Wise guidance by trialling automatic appointments, establishing equivalent investment pathways for trust-based schemes, and prohibiting transactions being made on pensions dashboards until they are well-established and trusted. The …

In his foreword, Opperman wrote that the new regulations “will be a huge step forward in providing a major enhancement to the existing occupational pensions landscape, and a third way forward between traditional defined benefit and post 2012 defined contribution schemes”.  He continued: “By allowing pension scheme members to share …

By Kyle Morris A U.K. regulator said Thursday that it is proposing new protections for people sending and receiving parcels. The Office of Communications plans to improve how delivery firms handle complaints, introduce new rules to ensure the fair treatment of disabled people and introduce regulatory certainty to allow Royal …