Government confirms plan to develop strategy with ‘timely’ and ‘modern’ communications
Sector welcomes the additional clarity but warns ‘the devil will be in the detail’
Guidance issued after Pension Schemes Act passed into law
Broadstone says sponsors must be encouraged to see DB schemes as long-term assets
Firm’s Sirius Index shows slight increases across its modelled schemes
Consultation will require DC schemes to publish ‘clear data’ on performance, costs and quality of service
CPI-linked protections capped at 2.5% a year and will come into effect in January 2027
Budget change would hit the growth phase directly leading many to cut contributions
Nearly half of DC savers have never checked how much they have saved into their pension
Bill hailed by industry as a ‘once in a generation’ opportunity for workplace pensions