Pension Schemes Bill

‘Henry VIII’ clauses set no limits on amount or type of assets which government could force pension funds to buy

Bill set to introduce requirement for DC schemes to operate default arrangement of at least £25bn AUM from 2030

Pension Schemes Bill will create systemically important funds with higher oversight needs

Watchdog says two-fifths of schemes offer no retirement income option at all for members

Call comes as Bill is at a ‘crucial juncture’ in its passage through Parliament

Drop driven by lower new business margins on lower sales

Group aims to share knowledge and ‘foster understanding of the challenges’

Peter Roos says consolidation will necessitate a period of investment in software and admin

Helen Rowan looks at how legislation to enact small pot consolidation is progressing

PP’s regular columnist says the latest VfM document is a ‘flagship of absurdity’