UK - Around 250 delegates overcame the London's Tube strike to attend this year's Pensions Management Institute Autumn Conference, chaired by Tony Ashmore, PMI vice president.
The day started with a look at the current state of pension provision from the union point of view.
In the opening session, David Coats of the TUC said that today half the UK workforce has no occupational pension and that the level of provision for those who have is declining.
He recommended that pension provision should be compulsory, that at least 15% of an employee’s earnings should be saved towards their pension and that this should be paid two-thirds by the employer and a third by the employee.
David Pollard of Freshfields Bruckhaus Deringer spoke on the legal implications of two tier pension provision.
He argued that many companies have not considered the risks of indirect discrimination, where they provide benefits in different ways for different groups of employees.
He warned that employers might end up having to defend their decisions in court.
Speakers at the conference also tackled pensions simplification.
Alan Pickering of Watson Wyatt, who chaired the recent Pensions Simplification Review, said: Politicians alone are not to blame for today's complex pension system.
“We in the private sector have played our part. Slashing and burning red tape should be a public/private partnership.”
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.