The Pension Schemes Bill has been passed in the House of Commons at the second reading, laying the groundwork for its final approval.
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.
The government has put forward proposals to require the 100 largest occupational pension schemes – those with £5bn or more in assets and all authorised master trusts – to publish climate risk disclosures by the end of 2022.
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).
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.
The government’s proposal of temporary changes to pension tax for public sector workers amid the Covid-19 pandemic is the fairest choice, says Royal London.
Millions of public sector workers will be able to choose whether their pension provision should be accrued under legacy or reformed schemes under government plans announced yesterday.
Former pensions minister Stephen Timms has been elected chairman of the influential Work and Pensions Committee (WPC).
At least four Members of Parliament (MP) will battle it out to chair the Work and Pensions Committee (WPC), it has been confirmed.
The House of Commons has confirmed that the Work and Pensions Committee (WPC) will be chaired by a Labour member of parliament (MP).
With the spectre of Brexit looming over parliament, Jonathan Stapleton has some scepticism that the pension schemes bill will be enacted any time soon.
The long-awaited regulations for a cold-calling ban have been approved by the House of Commons after an onerous journey to becoming law.
While the majority of UK's largest pension funds have taken action on climate change, parliament says some are still failing to manage their schemes responsibly
Pension providers should be required to pay out lump sums and other pension benefits to members before they reach minimum pension age in cases of ill health, MP John Mann has said.
Labour has accused The Pensions Regulator (TPR) of being too passive in improving member representation in master trust governance.
The company which bought British Homes Stores (BHS) for £1 from Sir Philip Green maintains the pension schemes were not its responsibility.
The long awaited Pension Schemes Bill to boost master trust regulation has been published. Michael Klimes looks at what it means for providers and the regulator
George Osborne has been having a big say in pensions policy since Budget 2014. Owain Thomas explains that this could be set for a further five years.
The industry believes putting members on the boards of all schemes would improve governance, but says they must be given enough time off and qualifications should be mandatory.
Governments have been making pensions simpler since 2002, so why are they more complicated than ever?
Will it be nth time lucky?
Minister for disabled people Justin Tomlinson will be the spokesman for pensions in the House of Commons, the Department for Work and Pensions (DWP) has confirmed.
The government must shed light on how incoming pension flexibilities interact with benefit rules according to shadow pensions minister Gregg McClymont.
The government's free impartial at-retirement guidance is aimed at middle Britain, not high or low net worth individuals, pensions minister Steve Webb has told MPs.
Just under a quarter (24%) of applications for remission of employment tribunal fees from 29 July to 31 December 2013 were accepted, a written answer in the House of Commons reveals.