DWP
Breaking down barriers to DC schemes investing in private markets
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.
Shadow minister calls for fiduciary college at university for trustee training
Shadow pensions minister Jack Dromey has called for a fiduciary college within a university to serve for member-nominated trustee (MNT) training, amid the regulator's increased calls for professionalism.
Government will not legislate to equalise widowers' survivor benefits
The government has been accused of "dragging its heels" on pensions equality after ruling out amending the law to provide for higher survivor benefits for widowers.
TPR sets up industry group for enhanced law on climate change disclosure
Pension fund investors could face further disclosure requirements on ESG matters as an industry working group considers fresh law for trustees for as soon as next year.
Female participation in workplace schemes soars as a result of AE
The number of women participating in a workplace pension has increased by 70% since auto-enrolment (AE) began, analysis by Equiniti reveals.
Pension participation rises to 87% of eligible workers
AE has had 'truly staggering' impact
Opperman: Pension schemes must 'do the right thing' on tackling climate change
Pension schemes and their investment managers must take their environmental and social responsibilities seriously and use funds to tackle climate change, Guy Opperman has said.
DWP review of TPR sets out changes for 'stronger more proactive' regulator
The DWP has led a tailored review of The Pensions Regulator (TPR) following calls for it to become a more active regulator in the industry.
Opperman becomes second-longest serving pensions minister
Guy Opperman is the second-longest serving dedicated junior pensions minister, overtaking Labour's Malcolm Wicks.
DWP publishes GMP conversion guidance
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
What GMP conversion guidance will mean for schemes
GMP conversion guidance is expected imminently, but what will it mean for schemes? Maurice Titley looks at the next steps for trustees.
DWP spends £800,000 on Gogglebox adverts
The Department for Work and Pensions (DWP) spent nearly £800,000 on partnering with Gogglebox to produce a series of adverts to promote the benefits of saving for retirement.
Updated: Pension Wise customers show sound knowledge of freedoms
The vast majority of pension scheme members who use Pension Wise have demonstrated clear knowledge about pension freedoms when questioned on specific facts.
Industry split on DC investment innovation proposals
Initial responses to the government's consultation on DC investment innovation reveals a mixed views on a range of its proposals. Kim Kaveh reports.
Dashboards - what's next for schemes?
The DWP has published its response to its consultation on the pension dashboards - asking the industry for support in the delivery. Holly Roach looks at what schemes need to do now to prepare.
The glass is half full for the future of dashboards
Darren Philp says while the DWP's response to the pension dashboard consultation is a step forward, there is still much to do to ensure success of the project
Next steps for DB master trusts
The government has set out initial thoughts on the criteria for DB master trusts to be accredited. James Phillips looks at the details
Pensioner income from occupational schemes falls for first time since 2005
The proportion of pensioner income comprised of occupational pension payments fell over the 2017/18 financial year, government statistics reveal.
How should DC schemes construct their default strategies?
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
Five stories you may have missed this week
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Government announces plan to press ahead with CMA reforms
The government will proceed with a range of changes to the investment consultant and fiduciary management markets as recommended by a major competition review.
DWP delay leaves schemes facing Equality Act workaround
A government failure to update equality legislation means schemes offering bridging pensions could fall foul of provisions in the Equality Act 2010 - leaving them reliant on EU law as an interim solution.
SFGB renamed Money and Pensions Service
The Single Financial Guidance Body (SFGB) will be rebranded as the 'Money and Pensions Service', the government has announced.
FCA proposes measures to 'strengthen transparency' of costs and charges in IGCs
The Financial Conduct Authority (FCA) has launched a consultation setting out proposed rules that would require contract-based schemes to disclose costs and charges to members.
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