Industry praises introduction of long-awaited Pension Schemes Act; notes this is just the first step

The industry has welcomed the introduction of the Pension Schemes Act, with many praising the important changes it introduces for millions of savers in workplace pensions.
The Act - which became law yesterday (11 February) after being granted Royal Assent - includes defined benefit (DB) protections and punishments, including fines of up to £1m and seven-year jail sentences,...
More on Industry
Have you say: Do you think Rishi Sunak should freeze the lifetime allowance?
In this week's Pensions Buzz, ahead of Wednesday's Budget, we want to know whether you think Chancellor Rishi Sunak should freeze the lifetime allowance.
Industry Voice: Tech innovations for pensions needn't come from inside industry
Interactive digital dashboards, cloud-based platforms, artificial intelligence and machine learning – all of these have a place in the exciting future of the pensions sector.
LawDeb grows pension revenues by 8.3%
Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.
Five stories you may have missed this week
This week’s top stories included a legal challenge over the government’s Retail Prices Index realignment, while British Airwards deferred £450m in deficit recovery contributions.
PLSA: Most pension tax reforms will leave things worse and schemes at risk
Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).