Unions sue New Jersey over pension reform
US - Local unions have filed a lawsuit against New Jersey to overthrow a new law which requires employees to contribute more for their pension.
Under the pension reform, the state plans to reduce pension benefits by suspending the cost of living adjustment (COLA) for current and future retirees and increasing the contributions of active employees....
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Lords pensions bill amendment sparks confusion over dashboard approach
A small amendment to the pension schemes bill on 8 June has been labelled ‘significant’ in meeting criticism of the pensions dashboard but has sparked confusion over whether it could confirm a ‘water-tight’ commitment to run a single dashboard.
Master trusts liable for quarter of general levy costs despite holding only 2% of funds
Ten master trusts will pay at least 25% of the total general levy despite holding just 2% of assets, according to The People’s Pension (TPP).
General levy increase gets broadly negative response from industry
The Department for Work and Pensions’ consultation on increasing the general levy has closed. Holly Roach looks at the industry’s response to its proposals
Queen's Speech confirms pension schemes bill for TPR, CDC and dashboards
A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen’s Speech today.
The changing nature of administration: How should schemes respond?
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
