The timeline for implementing DWP proposals under the 2017 automatic enrolment (AE) review is "shockingly lethargic", Royal London director of policy Steve Webb has said.
"There are some great ideas in this review, including starting pension saving at age 18 and making sure every pound you earn is pensionable," said Webb (pictured), in reaction to Department for Work and...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.