Pension Schemes Bill

SPP reiterates opposition to proposed mandation powers for scheme investment

SPP has published a Pension Schemes Bill response paper

Julian Mund sets out the policy goals Pensions UK wants to achieve over the next five years

DWP said the incomes of retirees is ‘set to fall’ if nothing changes

But majority believe trustees should ‘seriously consider’ private markets for most schemes

Reeves said measures in the Pension Schemes Bill will mean larger and more powerful pots of funding invested productively

Firm’s survey finds 59% favour such measures over deferred small pots and VfM

Actuaries also believe there is a minimum scheme size suitable for DB surplus release

Measures in the bill will lay the foundation for the upcoming Pensions Review