The Department for Work and Pensions (DWP) has confirmed that it will increase the general levy pension rates from April 2021 in line with its preferred option.
The Pensions and Lifetime Savings Association (PLSA) has expressed it is disappointed with the Department for Work and Pensions’ (DWP) general levy consultation – saying there should be no increase in the levy without structural reform.
The Department for Work and Pensions (DWP) will ban the charging of flat fees on AE auto-enrolment (AE) pots below £100 and launch work on how to standardise cost and charges reporting.
The Department for Work and Pensions (DWP) has launched a consultation on the future of the general levy, seeking to close a potential £230m funding gap if rates remain unchanged.
In the last of a five-part series of articles for PP, pensions minister Guy Opperman explains how pension dashboards will help consolidate pensions.
Professional Pensions is holding a webinar on how the pensions industry can make a real impact when it comes to ESG – asking what is better, to engage or to divest.
Jonathan Stapleton says that, while the production of two-page simpler annual statements is no panacea for member engagement, it is a welcome step in the right direction.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
Savers accessing defined contribution (DC) pension pots for the first time rose to an all-time high just before the coronavirus pandemic, Just Group says.
Nest Insight and the Department for Work and Pensions (DWP) are set to conduct research to examine the financial impact of Covid-19 on self-employed people.
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
While designed to boost member understanding, published statements of investment principles could muddy the waters and put members off altogether, says Anna Copestake.
Plans to improve value to members in defined contribution (DC) plans by improving investment options and governance while consolidating small schemes have been welcomed as a “wake-up call” for the industry.
The Pension Protection Fund (PPF) and Department for Work and Pensions (DWP) will appeal court judgments relating to the way the lifeboat fund pays compensation.
Small defined contribution (DC) schemes will be “nudged” into consolidation under new government plans to ramp up governance.
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.
Schemes must do more to lessen the financial risks of climate change, says Guy Opperman.
Nearly two-thirds of this week’s 133 Pensions Buzz respondents believe the introduction of simpler and standardised annual benefit statements will help more members engage with their pension.
Changes are afoot in the pensions regulatory landscape in a bid to boost both security and outcomes for members. Charles Counsell reveals what you can expect from the regulator this year.
Tax simplification must return to the top of the government’s pensions agenda in order to boost saving potential, says Alan Pickering.
Government plans to increase the general levy will disproportionately hit members who have been auto-enrolled, says Darren Philp
This week’s 96 Pensions Buzz respondents said good governance was more important than member engagement, noting the former could lead to the latter.
The government will change the law to allow the Pension Protection Fund (PPF) to aggregate pensions for the purposes of calculating compensation.
From October, trustees need to show how they are factoring ESG issues into investment decisions. Holly Roach explores why the changes may not be radical but could boost member engagement.