A government failure to update equality legislation means schemes offering bridging pensions could fall foul of provisions in the Equality Act 2010 - leaving them reliant on EU law as an interim solution.
With the state pension age rising above 65 for the first tranche of people yesterday (6 March), the Department for Work and Pensions (DWP) had consulted on a draft order to allow schemes to consider this...
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.