DWP

The Budget rings an effective death knell for private sector provision, argues Michael Bow

Short service member refunds should by default be transferred to another scheme facilitated by the ceding scheme, Legal & General says.

The interaction of the CPI switch with existing annuity provision and scheme rules will cause considerable complexity for trustees in some cases, a lawyer warns.

There were clashes over the switch to the consumer price index as the Pensions Bill was debated in the Lords yesterday.

The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

UK - The Department for Work and Pensions must avoid the "bear trap" of setting rigid rules to govern default funds, AllianceBernstein warns.

Secretary of state for work and pensions Iain Duncan Smith set out the coalition's plans for radical state pension reform yesterday.

The DWP and Treasury are considering proposals to further restrict pension tax relief to fund the proposed Universal State Pension, a leading academic says.

Work and Pensions secretary Iain Duncan Smith has laid out plans for basic state pension reform in a bid to create a "state pensions system fit for a 21st century welfare system".

Michael Bow examines how ideas from defined benefit will continue in DC strategies