DWP

Workers saved £114bn into pension pots in 2021, compared to £81.7bn in 2012

The DWP has confirmed the MP for Sevenoaks is the new minister for pensions

A new pensions secretary and the WPC launches inquiry into DB schemes and LDI

Sunak reshuffle sees Opperman return to the DWP but ministerial role is unconfirmed

Data shows there is yet to be a significant uptick in opt outs in 2022

Appointment comes after Chloe Smith left the position after seven weeks

BoE responds to Treasury Committee and DWP announces it will extend the DAP notice period

Minister says dashboards offer ‘convenient place’ for savers to access information

Industry says recent market moves have shown the importance of flexibility

A notice specifying the DAP must now be issued at least six months before it will occur