This week's top stories included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Also, the Department for Work and Pensions has launched a consultation on reforming trustees' duties to consider environmental, social and governance risks; and a trustee of the Optimum Retirement Benefits Plan has been suspended by The Pensions Regulator.
The government will have to justify proposed changes to the state pension age (SPA) after a Prospect petition secured over 12,000 signatures.
The Department for Work and Pensions (DWP) has launched a consultation on reforming trustees' duties to consider environmental, social and governance (ESG) risks.
A trustee of the Optimum Retirement Benefits Plan has been suspended by The Pensions Regulator (TPR) following the launch of a police investigation into a suspected liberation scam.
The Pensions Regulator (TPR) has revealed to PP it spent £3.1m in total external costs for the investigation and litigation relating to the Box Clever pension scheme.
Aviva has announced a raft of changes to its independent governance committee (IGC) in a bid to make the body fully independent and also include member representation for the first time.
The Pension Schemes Bill has completed its third reading, crossing its latest hurdle in the House of Commons.
An amendment to the Pensions Schemes Bill which would have seen people given a pre-booked Pension Wise appointment ahead of accessing their retirement savings has been defeated.
A proposal to ensure savers receive a Pension Wise appointment prior to accessing their retirement pot has received cross-party support in parliament, while Labour seeks net-zero pensions by 2050.
Pension scams are not just about the money lost, but the lives devastated, says Nicola Parish, so the industry must unite to defeat this scourge.
Trustees must know the signs of sponsor distress and be prepared to act quickly as the “first line of defence” for savers, The Pensions Regulator (TPR) has warned.