Scrapping salary sacrifice would 'send wrong message'
Scrapping salary sacrifice, rumoured to be part of the 8 July Budget, would do more harm than good but is likely to be high up on the Chancellor's agenda, providers have said.
Salary sacrifice, where employees give up part of their salary in exchange for other benefits including pension contributions, currently costs the government about £15bn a year. The benefit means as...
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Time for some quid pro quo on scams
If authorities really want to stop scams, they ought to make it safe for trustees to refuse a transfer that shows red flags, says Margaret Snowdon
Industry must fight Pension Schemes Bill mission creep
While the Pension Schemes Bill is continuing its route through the parliamentary process, there are still some loose ends to tie up - including section 107. Here, Richard Butcher, looks at what the implications of that clause could mean for DB schemes....
Covid-19 has removed any doubt over the necessity of superfunds
Superfunds will be a “useful weapon” for defined benefit schemes moving forward, with their need solidified after the economic struggles caused by the coronavirus pandemic, Guy Opperman has said.
Guy Opperman: People are trying to delay the pensions dashboard
Schemes trying to delay the dashboard project by not collecting the necessary data will be left behind, Guy Opperman has warned.
Industry raises significant concerns over FCA consultation on advising on pension transfers
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
