Law and Regulation

The industry wants auto-enrolment minimum contributions to rise and sees auto-escalation as a good way of achieving this

Plans to increase the state pension age (SPA) to 70 for men and women by the 2060s are endorsed by the industry, although many think the government must act faster.

The pension industry is keen to see auto-escalation arrangements put in place to help workers save more, PP research finds.

The industry believes the the minimum auto-enrolment contribution for workers should be set above 6%, according to research carried out by PP.

The pensions industry wants to see a rapid escalation of the minimum employer contribution rate for auto-enrolment, PP research finds.

How and why the tax treatment of pensions has to change

The European Court of Justice (ECJ) has rejected attempts by the UK government to block the introduction of a financial transaction tax (FTT) in several countries.

Master trusts are set to come under further scrutiny following the publication of The Pensions Regulator (TPR) and the Institute of Chartered Accountants in England and Wales' (ICAEW) assurance framework.

Schemes can expect to get clarity as to what the guidance guarantee entails by the end of the year according to pensions minister Steve Webb.

The cost of providing the guidance guarantee will fall on schemes according to pensions minister Steve Webb.