DWP

Jonathan Stapleton asks if it is time for a single regulator

The Department for Work and Pensions has announced a list of proposed regulatory changes as part of the coalition's drive to cut red tape for businesses.

The Work and Pensions Committee has demanded the government bans member-borne consultancy charges on workplace pensions "without delay".

JLT Employee Benefits (JLTEB) has suspended consultancy charging on corporate schemes until the Department for Work and Pensions completes its investigation of the practice.

The Department for Work and Pensions has been criticised over its plan to ban short service refunds before putting in place an automatic transfer system.

Members could lose out from an automatic transfer system for small pots if their pension is moved into a scheme with higher charges, the industry has warned.

The industry has given the DWP plenty of food for thought on amending disclosure regulations. Taha Lokhandwala reports

The Department for Work and Pensions has appointed Sarah Healey as director for private pensions, PP can reveal.

The Department for Work and Pensions has confirmed it will create an ‘automatic transfer' system for small pots of less than £10,000, allowing workers to take their pensions with them from job to job.

Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.