XPS says safeguards must be put in place to boost confidence in the new framework
PP survey respondents say while some reform is positive, there is ‘still much more’ to be done
Industry says reappointment brings ‘welcome certainty and continuity’
Strategy comes alongside corporate plan and roadmap to give trustees a ‘clear line of sight’
Framework sets out the plan to shift the focus from cost to overall value
SPP says millions face inadequate retirement unless government enacts ‘significant’ reforms
Report looks at the state of retirement saving in the UK
Survey finds 88% of respondents say contributions should be affordable for all workers
The Association of Consulting Actuaries (ACA) has urged the government to set out a timetable for when it will implement its planned automatic enrolment (AE) reforms, and produce a timetable for increases in AE contribution levels.
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.