Pensions and financial inclusion minister Guy Opperman has today proposed regulations to introduce simpler workplace benefit statements so that members can better understand them.
Online fraud is now set to be included in the upcoming Online Safety Bill after the government acknowledged “significant concern” over its exclusion.
The rationale used to ultimately assess whether certain contribution notices can be issued needs further fine tuning, leading industry associations say.
Quilter has called upon the government to take action to clamp down on the dramatic rise in investment scams over the past year by including these within the scope of the forthcoming Online Safety Bill.
Robin Ellison questions whether more regulations are really the best way to protect the public
Integrate net zero targets into regulation
Guidance to help trustees comply with climate disclosure rules will also call on them to “act now” to protect pension savers from climate risk, The Pensions Regulator (TPR) says.
Calls for 'scam prevention minister' resurface as government grapples with industry for more support
The scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.
The government’s “double U-turn” on the retrospective use of the regulator’s new criminal powers in the Pension Schemes Act is creating damaging confusion, Lane Clark & Peacock (LCP) says.
The Department for Work and Pensions (DWP) is seeking views on two sets of regulations concerning The Pension Regulator’s (TPR) powers, as well as on measures to allow defined contribution (DC) schemes to invest more easily in a broader range of asset...
Spring Budget announcement
The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.
The Pensions Regulator (TPR) has agreed a settlement in its anti-avoidance case against the current owners of the bed manufacturer Silentnight.
Chancellor Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to reports.
The Association of Consulting Actuaries (ACA) has set out six key reform areas it is calling on the government to address before the end of the current parliament.
Enforcement activity carried out by The Pensions Regulator (TPR) between October and December 2020 saw auto-enrolment (AE) powers used on a total of 24,799 occasions, up 8,200 from the instances in Q3.
The government has drawn a line under talk of broad reform of the pension system for higher-paid NHS workers, such as doctors who face high tax charges, opting instead to build on flexibilities introduced last year.
The government has outlined updated requirements for schemes in a new consultation confirming Task Force on Climate-related Financial Disclosures (TCFD)-aligned disclosures will be mandatory across the board by 2025.
New legislation is needed to push pension trustees and asset managers to consider ESG factors, Hope William-Smith reports.
More than half (59%) of schemes support the call for an extension of regulatory easements and flexibilities beyond early 2021, the Pensions and Lifetime Savings Association (PLSA) says.
The Ministry of Housing, Communities and Local Government (MHCLG) must outline the McCloud regulations for the Local Government Pension Scheme (LGPS) in England and Wales urgently to ensure scheme administrators are not overwhelmed, Aon says.
We are now approaching the first anniversary of trustees required to set strategic objectives for their investment consultants, Grant Suckling writes.
The majority of employers currently support the simplification of the pension tax regime, with evidence mounting of its adverse impacts, the Association of Consulting Actuaries (ACA) finds.
MPs considering the Pension Schemes Bill in its final stage must push back on changes which could damage private pension viability, according to former pensions minister Ros Altmann.