Department for Work & Pensions

Jonathan Stapleton says now the DWP has given the project the green light to proceed, it is now up to the industry to make sure it happens.

The Department for Work and Pensions (DWP) has launched a consultation to "shape future legislation" for collective defined contribution (CDC) schemes.

Simon Eagle of Willis Towers Watson says that, based on his work for Royal Mail, well-designed collective defined contribution (CDC) funds would be viable for some other UK employers too.

This week's top story was British Airways' Airways Pension Scheme completing a £4.4bn buy-in with Legal & General, the market's largest ever single transaction, making 2018 a record year for bulk annuities.

John Govett has been appointed chief executive of the single financial guidance body (SFGB), the Department for Work and Pensions (DWP) announced today.

Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.

The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.

Women still fall well behind men when it comes to saving for retirement despite auto-enrolment (AE) increasing contributions year on year, Pension Monster data shows.

DWP analysis reveals that 12 million workers are currently under-saving but reveals majority of employees and employers are contributing at a higher rate than AE minimum.

The Department for Work and Pensions (DWP) is consulting to resolve an "anomaly" where recipients of bridging pensions who enter the Pension Protection Fund (PPF) receive a higher rate of compensation for the rest of their life.