Guy Opperman: Looking ahead to 2020 - another big year for pensions
The pension schemes bill is set to boost income and protection for pension scheme members, says Guy Opperman, making 2020 a pivotal year for retirement savings.
New year, new beginnings. It's a time to reflect on what was achieved during 2019 and look ahead with hope and determination to the challenges and priorities for the next 12 months. As minister for...
More on Law and Regulation
Hold off on rash pension decisions, say regulators
The UK’s pension regulators have called on pension savers to stay calm as fears over the impact of the coronavirus pandemic on markets and personal finances may lead many to take damaging actions.
Time for better scam protection in law
Trustees face increasingly difficult issues around handling suspected pension scams. Matthew Swynnerton looks at how the Pension Schemes Bill might help.
Government withdraws 10% general levy increase
The Department for Work and Pensions (DWP) has cancelled a planned rise to the general levy amid the ongoing Covid-19 outbreak.
TPR deficit contribution guidance welcomed but 'hidden implications' arise
The Pensions Regulator (TPR) is “pulling out all the stops” to help struggling employers during the Covid-19 crisis, although latest guidance may put trustees in a “challenging” position, the industry says.
Consider suspending DRCs for three months if necessary, TPR says
Defined benefit (DB) scheme trustees should be open to employer requests to reduce or suspend deficit recovery contributions (DRCs) if there is a good reason to do so, The Pensions Regulator (TPR) has said.
