The House of Lords has amended the upcoming Pension Schemes Bill to introduce a lifeboat fund for failing master trusts. James Phillips asks if this is a good idea
The Pension Schemes Bill, introduced in October, is aimed at bringing in new protections for master trust members after years of the sector being fairly unregulated. However, the House of Lords felt...
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.