DWP

Institute says the industry is not waiting for regulation to force change

Government confirms plan to develop strategy with ‘timely’ and ‘modern’ communications

DWP figures suggest DC assets could surpass £1trn in 2031 and reach £1.24trn by 2035

Minister says transaction complied with rules in a way not anticipated when they were set

Move comes as part of statutory review into Pensions Act 2008 regulations

Will members be able to understand the value for money implications of switching?

Torsten Bell says expanding DC pots will attract increased attention from fraudsters

Industry welcomes key changes to traffic-light transfer conditions

Minister says SSASs may be more vulnerable to the potential for fraudulent misuse

The body said regulations would apply from the 2027/28 tax year