Amendments to the pension schemes bill tabled in the House of Lords could hand the government “unprecedented” powers over schemes’ investment strategies, the Pensions and Lifetime Savings Association (PLSA) has warned.
The Financial Conduct Authority (FCA) has set out new rules for cost disclosure for contract-based pension schemes, with default funds now required to publish cost and charges data by 31 July 2021, based on 2020 figures.
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.
More than half (55%) of the pensions industry is dissatisfied with the direction of pensions policy going into 2020, according to research from the Pensions Management Institute (PMI).
The Pensions Regulator (TPR) has welcomed the government’s latest update on the details of the pension schemes bill.
As the DWP’s consultation on simpler annual benefit statements closes, Holly Roach looks at the industry’s response.
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
The Department for Work and Pensions’ consultation on increasing the general levy has closed. Holly Roach looks at the industry’s response to its proposals
LCP’s Ella Purkiss was the winner of the PMI's second student essay competition. In her paper, she sets out her ideas as to what the industry can learn from other sectors when designing and delivering the pensions dashboard.
The Department for Work and Pensions (DWP) has launched a consultation setting out proposals for the adoption and launch of simpler annual benefit statements. Holly Roach reports
For the pensions industry, the 12 December general election means the long-awaited pensions bill is “lost”, but probably “not forgotten”, according to a blog published by law firm Gowling.
This week’s 96 Pensions Buzz respondents said good governance was more important than member engagement, noting the former could lead to the latter.
A panel of experts have shared their views on how DB schemes can make good consolidation decisions. Kim Kaveh reports from the PLSA’s annual conference .
Simplified, one-page pension wake-up packs launched last week, but the industry does not agree that they will make much difference to members’ saving attitudes. Holly Roach reports
The volume of regulation and the cost of regulators has risen sharply over the past decade. Robin Ellison asks if it is time for a rethink.
The Department for Work and Pensions (DWP) has proposed increasing the general levy on occupational and personal pension schemes from 1 April 2020.
Schemes with poor record keeping should be handed harsher punishments, say the majority of this week’s 83 Pensions Buzz respondents.
The government will change the law to allow the Pension Protection Fund (PPF) to aggregate pensions for the purposes of calculating compensation.
The GMP Equalisation Working Group has published its first guidance note to assist schemes in undertaking the process. Holly Roach discusses what schemes should do next
A pensions bill is completely ready to go and waiting for a Queen’s Speech, according to pensions and financial inclusion minister Guy Opperman.
Work and pensions secretary Thérèse Coffey has reaffirmed the Department for Work and Pensions’ (DWP) pension commitments just over three weeks after taking office.
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.