DWP

Industry said government should prioritise things like dashboards and DC consolidation

Government commissioned a survey looking at low earners and workplace pension saving

Lower and upper earnings limits maintained, with wage growth leading to an extra £3bn in contributions

LCP’s David Fairs welcomes code but says questions for overfunded schemes remain

Guidance sets out issues to consider if applying for a deferral of the connection deadline

DWP issue DB funding regulations, £400m buy-in, WPT consolidated into Cushon

Lawyers and administrators ask if decision will add clarity or make overpayment disputes more complex

Industry bodies say DWP has listened but now call on TPR to act swiftly over funding code

Funding code and regs expected to apply to scheme valuations from September

Regulations will come into force from April 2024 and will apply to scheme valuations from September 2024