CDC
Guy Opperman: Landmark legislation moves pensions into the digital age
The Pension Schemes Act 2021 will revolutionise savings and help build back better and greener, says Guy Opperman.
Pension Schemes Act 2021 becomes law with DB, CDC, ESG and dashboard rules
Enhanced criminal and civil sanctions for defined benefit (DB) scheme negligence have become law after the Pension Schemes Act 2021 gained its place on the statute book.
Pension Schemes Bill gets final approval and waits for Royal Assent
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
The top 20 opinion articles of 2020
What were some of the most read opinion pieces on Professional Pensions over the last 12 months? We look at some of the top articles from our commentators during the year.
MPs call for input on Pension Schemes Bill
The pensions industry is being given a fresh chance to feed into the Pension Schemes Bill as the Public Bill Committee launches a call for written evidence.
Five stories you may have missed this week
This week’s top stories included the passing of the Pension Schemes Bill in the House of Commons at the second reading. Also, Willis Towers Watson claimed that collective defined contribution pensions could average significantly higher than either defined...
2020 volatility would not have led to CDC benefit cuts, Aon says
UK collective defined contribution (CDC) schemes would have weathered 2020 market volatility and would not have needed to cut member benefits, Aon says.
CDC pensions could be 70% higher than DC and 40% more than DB, says WTW
Typical collective defined contribution (CDC) pensions would be expected to average 70% higher than either individual DC insured annuities, or 40% higher than pensions provided on average in defined benefit (DB) schemes, analysis from Willis Towers Watson...
HM Treasury sets out tax measures to enable CDC schemes from next year
The Treasury has published draft tax legislation to enable collective defined contribution (CDC) schemes from next year.
Pensions Schemes Bill passes final Lords hurdle to proceed to Commons
The Pension Schemes Bill will now move for consideration in the House of Commons after it was passed in the House of Lords yesterday (15 July) following a third reading.
Guy Opperman celebrates 1,000th day in office
Guy Opperman has now served as pensions and financial inclusion minister for 1,000 days in a tenure marked by myriad major changes to the pensions landscape.
Prepare for the hectic twenties
The pension schemes bill heralds an era of tougher governance rules and strengthened member protections, bringing with it a lot of work for trustees, says Fuat Sami.
Peers welcome pensions bill but question government powers
The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.
CDC is key for nascent cultural revolution
The general election showed an increasing focus on collective over individual interests. CDC could fit right in, says Hilary Salt.
CDC success reliant on 'fairer' balance of priorities
Collective defined contribution (CDC) schemes will offer members and employers a more satisfactory balance between affordability and security if they can meet both parties’ needs, according to Unbiased.
Government must prioritise combatting pension scams, says industry
The industry is urging the government to prioritise combatting pension scams in 2020, according to research by the Society of Pension Professionals (SPP).
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.
General Election 2019: The pensions manifesto pledges
All of the major political parties have now unveiled their policies on pensions ahead of the general election. Professional Pensions looks at what they have promised.
Pensions bill derailed again as general election called
The pension schemes bill will face yet another delay as the UK seems set to have its third general election in five years on 12 December.
Guy Opperman: The pension schemes bill will bring the industry into the 21st Century
With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core.
Opperman: Doing nothing is not an option
The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said.
Pension schemes bill has low chance of quick resolution
With the spectre of Brexit looming over parliament, Jonathan Stapleton has some scepticism that the pension schemes bill will be enacted any time soon.
Queen's Speech confirms pension schemes bill for TPR, CDC and dashboards
A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen’s Speech today.
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