Guy Opperman
Five stories you may have missed this week
This week’s top stories include findings from PwC that pensions schemes have been “shoehorned” into valuing liabilities against gilts, while Mercer launched a defined benefit master trust.
Nest Insight and DWP to investigate impact of Covid-19 on savings behaviour of self-employed
Nest Insight and the Department for Work and Pensions (DWP) are set to conduct research to examine the financial impact of Covid-19 on self-employed people.
Industry raises significant concerns over FCA consultation on advising on pension transfers
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
DC value consultation a 'wake up call' but consolidation not always easy
Plans to improve value to members in defined contribution (DC) plans by improving investment options and governance while consolidating small schemes have been welcomed as a “wake-up call” for the industry.
Schemes face 'multi-million pound' dashboard compliance bill
Pensions schemes will face significant additional working costs reaching into the millions of pounds to prepare their data for the pensions dashboard, according to Lane Clark & Peacock (LCP).
Relive Professional Pensions Live with our on-demand videos
Did you miss a session at Professional Pensions Live or want to relive the conference? You can now catch every session on-demand at your own convenience.
PLSA publishes guide on trustee investment disclosure duties
The Pensions and Lifetime Savings Association (PLSA) has published guidance for trustees on the new requirements to publicly disclose their investment and responsible investment activity.
Guy Opperman under fire over fossil fuel divestment stance
More than 60 civil society leaders including MPs, climate experts, faith leaders and local councillors have signed an open letter accusing pensions and financial inclusion minister Guy Opperman of backing continued investment in fossil fuels.
Pensions Schemes Bill passes final Lords hurdle to proceed to Commons
The Pension Schemes Bill will now move for consideration in the House of Commons after it was passed in the House of Lords yesterday (15 July) following a third reading.
Guy Opperman, Charles Counsell and Margaret Snowdon among headliners at next week's PP Live
Over 500 people are now registered to attend Professional Pensions Live - the industry’s largest virtual conference & exhibition.
Dashboard data call for input launched as schemes urged to get 'on the front foot'
The Pensions Dashboards Programme (PDP) has launched a formal call for input, seeking industry views on data standards for the initial dashboards.
PPF and TPR to be given key role in corporate restructures
The government has amended its Corporate Governance and Insolvency Bill to give the Pension Protection Fund (PPF) and The Pensions Regulator (TPR) a greater role in corporate restructurings.
Maps begins market engagement project with pensions dashboard suppliers
The Money and Pensions Service (Maps) has started a six-week period of informal market engagement with potential suppliers of the digital architecture for the pensions dashboards.
David Fairs: Why we have launched an interim superfund regime now
With the launch of an interim regime, the consolidation market is set to take off. But before superfunds begin taking on schemes, the regulator must have 'rigour and understanding' of the market, David Fairs tells James Phillips.
TPR launches interim regime for superfund pension market
The Pensions Regulator (TPR) has issued guidance for pension superfunds in a move which opens the door for a further wave of defined benefit (DB) scheme consolidation.
Guy Opperman: A firmer basis for superfunds
The pensions minister Guy Opperman says the interim regime for superfunds will provide insights on the route towards a permanent, longer-term legislative solution.
Guy Opperman and Charles Counsell to speak at PP Live on 13-15 July
Guy Opperman and Charles Counsell have been confirmed as two of the keynote speakers at PP Live, which will be held virtually on 13-15 July.
Seven pension bodies team up to reassure savers over Covid-19 concerns
Seven bodies with responsibility for protecting UK pension savers’ pots have joined forces to create an information guide to reassure scheme members amid concern about the impact of the Covid-19 crisis on financial wellbeing in the UK.
Keep calm and avoid getting scammed, says government amid coronavirus chaos
Savers should not rush into making rash changes to their pensions, the government has warned as the Covid-19 crisis continues to hit financial markets.
Pulling together will get us through
Julian Mund says the pensions industry, regulators and government are all working together to mitigate the impact of Covid-19 on savers.
Maps flags Covid-19 implications for pensions dashboard launch
The Money and Pensions Service (Maps) has published its first full report on progress on the pensions dashboard so far and has flagged “significant” delivery challenges in the face of the coronavirus pandemic.
Government withdraws 10% general levy increase
The Department for Work and Pensions (DWP) has cancelled a planned rise to the general levy amid the ongoing Covid-19 outbreak.
MPs' pension fund urged to make faster transition away from fossil fuels
The Parliamentary Contribution Pension Fund has been criticised for continuing to invest in fossil-fuel heavy companies despite a push into renewable energies.
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