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The Latest Breaking News from the Pensions Regulator

‘Heartless’ multinationals exploiting pensions loophole for UK workers

Hewlett Packard, American Express and Pfizer among firms to have frozen increases in payouts despite inflation

The Guardian - UK

Government change to workplace pension system could benefit millions

Last year, over £130 billion was saved into workplace pension schemes

The Independent UK

Pension schemes to be rated red, amber or green in plans to improve transparency

The plans aim to give greater transparency over how schemes are performing and cut the number of savers in poor-value pensions.

The Independent UK

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Norton former owner ‘should have been jailed over pension fraud’ – Pensions Ombudsman chair

Stuart Garner was convicted of three offences in 2022 after illegally investing others’ retirement savings in his own businesses

The Guardian - UK

Wilko owed £625m when it collapsed, leaving pension fund £50m short

Retailer’s unsecured creditors, who include suppliers, will recoup less than 8% of what they are owed

The Guardian - UK

MPs launch inquiry into prosecution of Norton Motorcycles pension fraud

Regulators to be asked about how £10m scam was investigated, as Guardian Today in Focus podcast raises fresh questions about case

The Guardian - UK

Pension trustees ‘should guard against savers making knee-jerk decisions’

For older savers with larger pots, it might take several years or more for recent losses to be recovered, a boss at The Pensions Regulator said.

The Independent UK

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Pensions industry should drive innovation in the interests of savers – TPR boss

A lack of innovation and fluidity in the market is leading to investment risks, according to the Pensions Regulator’s CEO Nausicaa Delfas.

The Independent UK

Ex-union boss is fired from Unite pension scheme ‘for complaining of discrimination'

Dave Marsh said he was informed he had been ‘removed’ from the role in a telephone conversation

Wales Online

Ex-union boss sacked from Unite pension scheme 'for complaining of discrimination'

Dave Marsh removed as 'trustee director' after speaking out for ex-employees now in their 80s

Manchester Evening News

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