The government will consult on mandating the use of simpler annual statements while also setting out an approach to a “pension statement season”, says Guy Opperman.
Timeline for pensions dashboards announced - Data standards due in December but consumer offering not available until at least 2023
The Pensions Dashboards Programme (PDP) has published its second progress update report – setting out a timeline for the development of the project.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
The government has amended its Corporate Governance and Insolvency Bill to give the Pension Protection Fund (PPF) and The Pensions Regulator (TPR) a greater role in corporate restructurings.
The pensions minister Guy Opperman says the interim regime for superfunds will provide insights on the route towards a permanent, longer-term legislative solution.
Schemes already face a legislative requirement to carry out transfers promptly and efficiently, so they should voluntarily get on board with the industry-developed solution, says Tom McPhail
Caroline Rookes has been appointed interim chairwoman of The Pensions Ombudsman (TPO), as the organisation seeks to boost its governance.
Boris Johnson's government will deliver its first Queen's Speech on 14 October, the prime minister has announced.
The government has been accused of "dragging its heels" on pensions equality after ruling out amending the law to provide for higher survivor benefits for widowers.
Boris Johnson would be detrimental to pensions if he becomes prime minister later this month, a majority of Buzz respondents said.
This week's top stories included BESTrustees converting into an employee ownership trust, and XPS Pensions Group publishing its full-year results.
The Pensions Regulator (TPR) has updated its defined contribution (DC) investment guidance to reflect changes to upcoming ESG regulations, following requests from the industry for further information.
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Membership of occupational pension scheme membership has risen to a record high of 45.6 million people as of the end of last year, according to the Office for National Statistics (ONS).
Pension schemes and their investment managers must take their environmental and social responsibilities seriously and use funds to tackle climate change, Guy Opperman has said.
This week's top stories included TPT Retirement Solutions consolidating the £30m Hinckley and Rugby Building Society's defined benefit scheme, and Guy Opperman becoming the second-longest serving pensions minister.
Guy Opperman is the second-longest serving dedicated junior pensions minister, overtaking Labour's Malcolm Wicks.
Nearly four in five UK employees are now members of an occupational pension scheme, Office for National Statistics (ONS) data reveals.
The Money and Pensions Service (MAPS) has launched under its refreshed name, calling on the industry to help design its first strategy on financial wellbeing.
Dashboards will boost savers' comprehension and confidence in long-term saving, say Guy Opperman and Sir Hector Sants
A trustee is imprisoned after using employees' funds to prop up struggling businesses and buy a home for his daughter. James Phillips looks at the details of the case.
The Single Financial Guidance Body (SFGB) will be rebranded as the 'Money and Pensions Service', the government has announced.
Pension cold-callers will face tougher sanctions from today as a long-awaited ban poses fines of up to £500,000 for "callous crooks" attempting to scam savers.
Anthony Arter will continue as head of The Pensions Ombudsman (TPO) until 31 July 2021, the Department for Work and Pensions (DWP) has announced.