Pensions and Lifetime Savings Association
Ten schemes publicly back Cost Transparency Initiative
Ten pension schemes representing over 19 million members and more than £150bn in assets under management have written a joint public letter endorsing the Cost Transparency Initiative (CTI).
Breaking down the barriers to pensions understanding
Pensions have been seen as unfathomable for too long. George Currie says two initiatives currently underway may begin to change this perception.
PLSA urges FTSE 100 chairmen to meet pension schemes over workforce reporting
The Pensions and Lifetime Savings Association (PLSA) has called on FTSE 100 companies to meet with pension schemes to discuss their reporting of employment models and working practices.
GAD: LGPS employers should not feel 'queasy' about contribution increases
There will be "ups and downs" for employers in the Local Government Pension Scheme (LGPS) as it carries out its 2019 valuation against the backdrop of the cost cap suspension and the McCloud judgment.
Extinction Rebellion crashes PLSA conference as minister defends LGPS fund autonomy
Climate activists from Extinction Rebellion have interrupted the Pensions and Lifetime Savings Association's (PLSA) local authority conference as a minister rejected calls for intervention.
Five stories you may have missed this week
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.
PLSA calls for more clarity on LGPS cost cap and fair deal policies
The government needs to urgently provide clarity, substance and timing on key changes to the Local Government Pension Scheme (LGPS), the Pensions and Lifetime Savings Association (PLSA) has said.
Cost disclosure templates to launch mid-May
The Cost Transparency Initiative (CTI) has set out plans to launch the long-awaited cost disclosure templates for pension schemes in mid-May.
Industry split on DC investment innovation proposals
Initial responses to the government's consultation on DC investment innovation reveals a mixed views on a range of its proposals. Kim Kaveh reports.
PLSA policy board sets inaugural priorities; addresses consolidation challenges
The Pensions and Lifetime Savings Association's (PLSA) policy board has agreed a four-year plan focusing on consolidation, adequate contributions, effective management and well-run schemes.
How schemes are bracing for AE contribution rate hike
As AE contribution rates rise to a minimum of 8% in just a few days time, Kim Kaveh speaks to four master trusts about their preparations for a potential change in member behaviour.
PLSA gives up seat on PensionsEurope board
The Pensions and Lifetime Savings Association (PLSA) has lost its place on the PensionsEurope board after downgrading its status ahead of Brexit.
IFS's Johnson: It's not been a great decade, and economists were right about Brexit
We have gone well past the brink of things not being good and the last 10 years have turned out to be so different relative to what was reasonably predicted, according to Paul Johnson.
PLSA's Butcher: We all have a responsibility to fix the trust deficit in pensions
The industry is at a "brink point" where there is an opportunity to gain savers' trust in the financial system or risk losing them, according to Richard Butcher.
Should professional trustees be a scheme requirement?
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Market welcomes 'real teeth' in 'thorough' CMA final report
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.
DWP must compel use of cost transparency templates in pensions bill, MPs told
A pensions bill expected next year must include law to require schemes to collect, publish and analyse cost transparency data from their asset managers, MPs have been told.
Cost Transparency Initiative launches as disclosure templates revealed
An industry group has been launched to implement, promote and encourage the use of five cost disclosure templates developed earlier this year.
Pensions need more government focus following Budget
Nigel Peaple says the government should set a clear objective for tax relief as the first step in making the system work better for savers
Simpler annual statement is a step in the right direction
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.
How Next Gen is 'changing the game' for pensions
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
Final CMA decision likely by Christmas; remedies enforced from June 2019
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.
Bumper bill inbound but pension policy stability will follow, Opperman pledges
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.
DC survey: Members want 'personal' and 'positive' communication
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.
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