Five stories you may have missed this week
This week’s top stories included an announcement from The Pensions Regulator at PP Live which confirmed a consultation on changes to its code of practice will open this year, while the Pension Protection Fund revealed a small improvement in defined benefit funding levels.
1) TPR to open codes of practice review consultation
The Pensions Regulator will open a consultation on planned changes to its codes of practice by the end of the year.
2) DB funding - June 2020: PPF index sees small deficit reduction
Every month, several firms issue trackers of aggregate defined benefit scheme funding positions. See here for the June 2020 estimates on various measures.
3) McCloud consultation launches; Treasury resumes cost control mechanism for public sector schemes
HM Treasury has announced it will resume the cost control mechanism for public sector pension schemes, noting the concern that the 18-month suspension has caused.
4) Busy year ahead for dashboard
The pensions industry should expect a busy rest of the year as work on the pensions dashboard begins to ramp up, according to Pensions Dashboard Programme principal Chris Curry.
5) Guy Opperman: Simpler annual benefit statement consultation response ‘on my desk'
The Department for Work and Pensions' response to the simple annual benefit statement consultation is ready and likely to be published within weeks.
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PP Live: APPT code of practice on sole trusteeship expected this summer
The code of practice on sole trusteeship being developed by the Association of Professional Pension Trustees is expected to be published within months, chairwoman Nita Tinn says.
WTW's Rash Bhabra: There are 'no magic bullets' to make the savings problem disappear
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Additional provider nudges triple Pension Wise appointments
The Money and Pensions Service (Maps) has revealed that stronger nudges from providers results in more Pension Wise appointments and greater take-up of guidance.
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