The government could ease the transition to the flat rate state pension by paying out old state second pension entitlements as one-off sums in a ‘buyout' arrangement, Barnett Waddingham says.
It has been a record year for pensions news. On top of new regulations, defined ambition, tax changes and public sector reform, there have been mergers, acquisitions, industry spats and campaigns. Here, PP brings you the top 20 stories of the year in...
Pensions minister Steve Webb has confirmed that women will be hit hardest when the auto-enrolment threshold is raised.
The Department for Work and Pensions is to close a loophole in auto-enrolment legislation which would have allowed employers using the defined contribution sections of hybrid schemes to defer enrolling until 2017.
The Department for Work and Pensions has launched a consultation on giving more flexibility to pension scheme members whose scheme enters the Pension Protection Fund.
The government has set the earnings threshold at which workers are auto-enrolled at £9,440 for 2013/14.
Janice Turner applauds a very busy 11 months from Webb and Co
Rachel Dalton on the new responsibilities of the regulator
The Pensions Regulator has begun auto-enrolment with a 24% opt out rate for newly enrolled members and an overall take up rate over 98%.
Trade bodies have balked at the prospect of an increase in the Pension Protection Fund compensation cap, arguing the cost will be passed onto schemes and employers.