Opperman: DB statements should also be simplified

But minister says simplifications in the pensions system must start with DC

Hope William-Smith
clock • 3 min read
Pensions and financial inclusion minister Guy Opperman
Image:

Pensions and financial inclusion minister Guy Opperman

Progression is being made in simplifying the defined contribution (DC) space after which the government will focus its attention on defined benefit (DB) schemes as part of its “long-term aims”, Guy Opperman says.

The pensions and financial inclusion minister was questioned about simplifying pensions yesterday (8 November) by the Work and Pensions Committee (WPC), alongside economic secretary to the Treasury John...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Law and Regulation

TPR executive director of frontline regulation Nicola Parish

TPR: Report scams or you are failing to protect savers

Just 400 schemes and organisations have so far signed the pledge

James Phillips
clock 18 January 2022 • 1 min read
New guilty plea in multi-million-pound fraud case

New guilty plea in multi-million-pound fraud case

Trio accused of fraud by abuse of position, with two having entered guilty pleas

James Phillips
clock 14 January 2022 • 1 min read
Minister for pensions and financial inclusion Guy Opperman (Photo: UK Parliament)

Rules to protect value of small pots laid in parliament

Measures come in a bid to protect those with short-term work or who change jobs often

Jonathan Stapleton
clock 10 January 2022 • 1 min read
Trustpilot