The Pension Schemes Act 2021 will revolutionise savings and help build back better and greener, says Guy Opperman.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.
The government’s focus on pensions dashboards and pension transfer times will require the industry to improve its data accuracy and administrative efficiency, says Anthony Rafferty.
The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.
Lessons must be learned from open banking in order to make the pensions dashboard a success for the modern saver, says Darren Philp.
Work and pensions secretary Thérèse Coffey has reaffirmed the Department for Work and Pensions’ (DWP) pension commitments just over three weeks after taking office.
Pensions have been seen as unfathomable for too long. George Currie says two initiatives currently underway may begin to change this perception.
As the DWP's consultation on consolidation comes to a close, Stephanie Baxter takes a look at the industry's responses
The government should introduce legislation to allow for defined benefit (DB) scheme rights to be simplified, say this week's Pensions Buzz respondents.
The Association of British Insurers (ABI) and the National Employment Savings Trust (NEST) have agreed a partnership deal in a bid to formalise their relationship.
Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
Esther McVey has reiterated the government's support for an industry-led pensions dashboard as she praised the success of auto-enrolment (AE).
Anthony Rafferty says that arguments against the dashboard, based on legacy data issues, ignore the power and good it can do for the younger generations
Some 10 million people in the UK stand to retire with £15,000 less if the government scraps the pension dashboard, according to research by 38 Degrees.
The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.
DWP paper expected soon
Just over one in five people with multiple pension pots have lost track of some of their savings, Aegon research finds.
Any pension dashboard will need to be able to cope with as many as 15 million people from day one, according to analysis by Origo.
Esther McVey must ensure current pension projects are not neglected and continue the success of auto-enrolment (AE) as a priority, industry commentators say.
Michael Klimes examines the key recommendations from the ABI's roadmap report on the dashboard.
Respondents say GMP equalisation is too complex, costly, and should be binned.