Concerns over proposals to introduce smoothing into scheme valuations have been revealed by a Department for Work and Pensions call for evidence. Although some respondents welcome the plans, which are expected to feature in the Budget this month, many warned they would have a limited impact and reduce transparency.
Responses to the consultation stressed that, if smoothing is introduced, it would have to apply to assets and liabilities and schemes would have to be given the choice over whether or not to apply it....
The Pensions Regulator (TPR) has seconded staff from other national watchdogs as it rolls out the master trust authorisation and supervision regime, Lesley Titcomb has revealed.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have outlined plans to better understand the consumer pensions journey as they launch their joint strategy.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.