This week’s top stories included auditor KPMG confirming it is considering reducing pension contributions for 20% of staff amid the ongoing impacts of the coronavirus pandemic. Also, MPs hit out at HM Revenue & Customs over the benefits of pensions tax relief.
1. KPMG confirms staff pension cuts and redundancies proposal KPMG has begun a consultation on reducing pensions contributions, affecting around 20% of staff if agreed on, Professional Pensions finds....
Have your say: Is the DWP right to mandate use of simpler annual statements for auto-enrolment DC schemes?
In this week's Pensions Buzz we want to know whether you think the Department for Work and Pensions is right to mandate the use of simpler annual statements for auto-enrolment defined contribution schemes?
Almost three-quarters of PP readers disagree that pension scheme members should be allowed to access funds early to use as a house deposit.
The Pensions and Lifetime Savings Association (PLSA) has called for amendments to the Pension Schemes Bill to ensure new regulatory powers do not unintentionally prevent schemes from taking action in members’ interests.
Leading figures of the investment management industry have today launched the 10,000 Black Interns programme which aims to improve and transform the career prospects of young black people in the UK.
Willis Towers Watson has set out a diversity action plan for the investment industry after its research found progress on diversity is “disappointingly slow” across the entire sector.