Download or read book The Pensions Regulator written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2007-10-26 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some 20 million people in England and Wales have private sector work-based pension schemes. The Pensions Regulator was established in April 2005 to regulate these schemes, replacing the Occupational Pensions Regulatory Authority (Opra), with the statutory objectives to protect members' benefits, to promote improved governance of such schemes, and to reduce the risk of compensation being paid out by the Pension Protection Fund. This NAO report examines the regulatory approach taken and whether this addresses the key risks, given that any conclusions on the effectiveness of pensions regulation must be set in the long term context rather than based on shorter term fluctuations. Findings include that the Pensions Regulator has made good progress in establishing a sound risk-based approach to regulation, with clear links between its statutory objectives and its operational approach. As the regulator matures, it has the scope for a presumption of further transparency in its approach, and is taking steps to increase the information it makes available to the pensions sector. The report sets out a number of recommendations for further progress, bearing in mind that risks in the pensions environment can change quickly.
Download or read book An Introduction to the Pensions Regulator written by and published by . This book was released on 2005 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulating defined contribution pension schemes written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2012-07-11 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report on the regulation of defined contribution pensions concludes that there is insufficient accountability to ensure that the regulatory system delivers value for money. The report highlights the taxpayer's substantial interest in the effectiveness of pension regulation. In 2010-11, tax relief for employer-sponsored defined contribution schemes amounted to an estimated £8.5 billion. The trend towards defined contribution schemes increases longer-term risks to the taxpayer, as members are on average likely to achieve considerably lower levels of retirement income than those with predominantly defined benefit pensions, and the state is ultimately liable for providing a basic income for the elderly. The Pensions Regulator regulates all work-based pension schemes and shares responsibility for regulating some of these schemes - so-called contract-based schemes - with the Financial Services Authority. The Regulator has adopted a sound approach of aiming to regulate in a targeted, proportionate and risk-based way, and that its evidence base is improving, as is the administration of schemes. However, The Pensions Regulator's current system of performance measurement does not make it possible to judge whether the Regulator is effective in protecting members' benefits, which is one of its strategic objectives. There is no single body leading on regulating schemes, setting objectives or measuring performance. The lack of a joined-up approach also means that there is insufficient basic information available about the market, such as definite numbers of scheme members or the levels of fees and charges they face.
Download or read book The Pensions Regulator written by Great Britain. Pensions Regulator and published by . This book was released on 2005 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension fund governance written by Michael Orszag, John Evans, John Piggott and published by Edward Elgar Publishing. This book was released on 2008-06-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions
Download or read book Independent Review of The Pensions Regulator TPR written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Pensions Regulator written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fifteenth report from Committee of Public Accounts, in the 2007-08 session examines "The Pensions Regulator: progress in establishing its new regulatory arrangements" (HCP 122, ISBN 9780215514684). An earlier report from the NAO is also available, see (HCP 1035, session 2006-07, ISBN 9780102951219). Some 4 million people are still active contributors to work-based pension schemes (final salary schemes), with approximately some 20 million people having at some point contributed to such schemes with the value of the managed funds exceeding £700 billion. The Pensions Regulator (TPR), established in 2005, took over regulatory responsibility for such schemes. The Committee states that the TPR has acted to put the regulation of such schemes on a firmer footing, taking greater account of risk and possesses stronger powers to obtain information and intervene to protect members' benefits. The Committee also states though that the TPR has made a slower start in the regulation of money purchase schemes with room for improvement in the standards of scheme governance and communication with members. Further work is also required to improve the information held by the TPR about schemes and make use of that information to effectively regulate individual schemes.
Download or read book Changes in Regulation of Pension Schemes written by Great Britain. Pensions Regulator and published by . This book was released on 2005 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tailored Review of The Pensions Regulator written by and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Pensions Regulator written by and published by . This book was released on 2005 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Download or read book The Legislation is Changing written by Great Britain. Pensions Regulator and published by . This book was released on 2005 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Regulator s Statement written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Based Supervision of Pension Funds written by Greg Brunner and published by World Bank Publications. This book was released on 2008-04-01 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Risk-Based Supervision of Pension Funds' provides a review of the design and experience of risk-based pension fund supervision in countries that have been leaders in the development of these methods. The utilization of risk-based methods originates primarily in the supervision of banks. In recent years it has increasingly been extended to other types of financial intermediaries, including pension funds and insurers. The trend toward risk-based supervision of pensions reflects an increasing focus on risk management in both banking and insurance based on three key elements: capital requirements, supervisory review, and market discipline. Although similar in concept to the techniques developed in banking, its application to pension funds has required modifications, particularly for defined contribution funds that transfer investment risk to fund members. The countries examined–Australia, Denmark, Mexico, and the Netherlands–provide a range of experience that illustrates both the diversity of pension systems and the approaches to risk-based supervision, and also presents a commonality of focus on sound risk management and effective supervisory outcomes.
Download or read book The Pensions Regulator Annual Report and Accounts 2011 2012 written by Great Britain. Pensions Regulator and published by . This book was released on 2012-07-05 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Governance and Administration of Public Service Pension Schemes written by Northern Ireland. Department for Social Development and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Pensions Regulator s Annual Report and Accounts 2020 2021 written by Great Britain. Pension Regulator and published by . This book was released on 2021 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
