This week’s top stories included a High Court judgement ruling the Pension Protection Fund’s compensation caps age discriminatory, while the revenue of the three biggest pension consultancy firms saw a year-on-year dip for 2019.
The UK’s system of pensions tax relief needs to be overhauled to make it fairer to the lower paid and younger savers, the Association of British Insurers (ABI) says.
With the launch of an interim regime, the consolidation market is set to take off. But before superfunds begin taking on schemes, the regulator must have 'rigour and understanding' of the market, David Fairs tells James Phillips.
Lane Clark & Peacock partner Steve Webb has urged ministers not to rush raising the pension access age amid growing speculation of a Budget announcement to accelerate the current timetable.
This week’s top stories included further calls for reforms of the pension freedoms, and prevailing uncertainty over cuts to tax relief on pension contributions.
Further reforms to pension freedoms are needed to ensure the long-term success and sustainability of pension freedoms, according to the Association of British Insurers (ABI).
The Net Pay Action Group (NPAG) is urging the government to deliver on its manifesto pledge to review unfair tax rules in pensions.
The Money and Pensions Service (MAPS) has made ten appointments across the pensions and wider financial sector to work on the practicalities of establishing pensions dashboards.
Pensions have been seen as unfathomable for too long. George Currie says two initiatives currently underway may begin to change this perception.
A pensions bill expected next year must include law to require schemes to collect, publish and analyse cost transparency data from their asset managers, MPs have been told.
The Association of British Insurers (ABI) and the National Employment Savings Trust (NEST) have agreed a partnership deal in a bid to formalise their relationship.
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.
Esther McVey has reiterated the government's support for an industry-led pensions dashboard as she praised the success of auto-enrolment (AE).
MPs have again been warned that it may become illegal to pay private pensions to expat Britons if the government fails to secure a Brexit deal.
Secretary of state for work and pensions Esther McVey may end the government's involvement in the pensions dashboard project, according to reports.
The Pensions and Lifetime Savings Association (PLSA) is bolstering its policy and research teams with two new appointments.
Thousands of pensions documents have been adapted and simplified for consumers after a two-year industry initiative, according to the Association of British Insurers (ABI).
Phasing has arrived with auto-enrolment contributions rising from 2% to 5% for millions of pension savers. As we wait to see what happens as a result, James Phillips asks what's next.
The Work and Pensions Committee (WPC) has said a cold-calling ban could be in place by summer if the government heeds its suggestions.
Defined contribution (DC) savers face lower costs and charges after providers made a concerted effort to reduce these to less than 1% over the past two years.
Policy pushes and the public's desire to own a home is resulting in a 15% reduced private pension income at retirement, research has suggested.
The government must introduce legislation to force schemes to give data to the pensions dashboard if it is to succeed, an Association of British Insurers (ABI) report says.
The 2017 edition of The Future Book suggests many default funds are not diversified enough to protect savers against market downturns, James Phillips reports.
Occupational schemes and their administrators are lagging behind in their involvement in an industry-wide discussion on slashing transfer delays, Tom McPhail has said.