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A former pension scheme trustee has been given a 10-month jail term, suspended for 12 months, after admitting using scheme funds to make five prohibited loans to entities connected to the scheme’s sponsoring employer.

A former senior official at the Pensions Regulator has called for members of DB pension schemes to benefit from the same flexibility as those with DC schemes have.

HSBC Master Trust has become the first new master trust to be authorised by The Pensions Regulator which has so far focused on authorising existing schemes.

The Pensions Regulator has revealed 39 firms have applied for master trust authorisation.
British Steel Pension Scheme trustees were urged to discuss “the importance of obtaining independent financial advice” with members, amid a major restructuring of the scheme, a report has revealed.
Whistleblowing reports to the Pensions Regulator have risen 29% in a year, according to new analysis.
Fines worth just under £170,000 were handed out to firms for auto-enrolment failings in the 12 months from April 2014.
More than 5,000 companies have told the Pensions Regulator they have met their auto-enrolment duties.

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