department for work and pensions

The Department for Work and Pensions (DWP) has confirmed it will ban early exit charges for savers eligible to access the pension freedoms.

The Department for Work and Pensions (DWP) is consulting on whether auto-enrolment (AE) regulations on the quality of defined benefit (DB) schemes are working properly.

Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable.

Frank Field will return to the Work and Pensions Committee (WPC) as chairman following the general election, it has been confirmed.

This week's top stories include The Pensions Ombudsman rejecting a complaint against Standard Life for refusing to provide a second transfer value quotation.

In line with Cridland report

The new work and pensions minister David Gauke has laid into past governments who "tinkered around the edges" with pensions policy.

The Pensions Regulator (TPR) has been granted £3.5m of additional funds to boost its compliance and enforcement work, its non-executive chairman Mark Boyle has said.

The Pensions Institute argues RAA processes should be streamlined and trustees should be able to reduce benefits in a bid to help those struggling with deficits, James Phillips reports.

The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.