The government has kept the qualifying earnings band for auto-enrolment at £10,000, resisting calls to lower the trigger to get more people saving into a pension.
According to the Department for Work and Pensions (DWP), wage growth will bring an additional 130,000 people over the earnings threshold, increasing pension savings by £6m in 2016/17. Figures from the...
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.
Julian Mund writes about planning for the future and the four challenges he sees for the pension industry over the next five years.