Industry supportive of DWP's DC proposals but warns of unintended consequences
The Department for Work and Pensions’ (DWP) consultation on improving defined contribution (DC) outcomes has garnered support from the industry, but many have warned of potential unintended consequences.
The consultation - which closes to responses today (30 October) - puts forward steps to encourage the consolidation of smaller pension schemes into larger ones. The proposals also set out detailed guidance...
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PensionBee draws 12,000 customer sign-ups for IPO with estimated market cap of £348m
Around 12,000 PensionBee users have registered for shares in the company after it confirmed its initial public offering (IPO) would comprise an offer to both institutional investors and eligible customers.
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TPR data reveals further consolidation in occupational DC market
The occupational defined contribution (DC) market consolidated further in 2020 with the number of trust-based plans falling substantially during the year, latest data from The Pensions Regulator (TPR) reveals.
UK mandatory pension provision half OECD average
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PensionBee to float on the London Stock Exchange
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