department for work and pensions

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.