President Donald Trump has taken significant steps to cement his energy agenda by signing an executive order to establish the National Energy Dominance Council. This move aims to boost US oil and gas production, driving energy exports and reducing regulatory constraints. The administration has notably greenlit a large liquefied natural …
Read More »Should CDC be back on the table? – Professional Pensions
Related Topics · Law and Regulation · KPMG · Frank Field · Aon Hewitt · David Fairs · Tim Middleton · Steve Webb · Royal Mail … Source link
Read More »Should CDC be back on the table? – Professional Pensions
However, there may be some demand from the last few employers still running DB schemes. For example, Royal Mail is moving closer to introducing a CDC- … Source link
Read More »Government finally preparing to fix lifetime allowance errors
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 …
Read More »Hunt vows to ‘protect what people want from Royal Mail’ in £3.6bn takeover
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 …
Read More »Billionaire Asda owner hauled before MPs over petrol costs
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 …
Read More »Parliament calls for greater regulatory accountability
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, …
Read More »Collective defined contribution schemes launch in Great Britain – DB & Derisking
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 …
Read More »CDC hailed as ‘injection of innovation’ on launch day
‘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 …
Read More »Royal Mail to Consider Separation of GLS
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 …
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