Pensions and Lifetime Savings Association
PPF and TPR to be given key role in corporate restructures
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.
PLSA urges government to amend Insolvency Bill to avoid 'serious consequences' for schemes
The Pensions and Lifetime Savings Association (PLSA) has written to the Department for Business, Energy and Industrial Strategy (BEIS) to express its concerns over the potential impact of the Corporate Insolvency and Governance Bill on schemes.
Joanne Segars: Working for a common vision
Collaboration is key to delivering on LGPS Central’s mission to prove the pooling concept, Joanne Segars tells James Phillips.
PLSA publishes template for DC chair's statements
The Pensions and Lifetime Savings Association (PLSA) has published a drafting template to help defined contribution (DC) scheme trustees produce their annual chair’s statements.
Engaging members on financial wellbeing
Charlotte Moore looks at industry efforts to why improving members' financial wellbeing and retirement planning is crucial in a crisis situation.
Coronavirus crisis underscores urgent need for superfunds
As new figures from the Pension Protection Fund show the shortfall of final salary schemes in deficit grew to £256.4bn during April, Joe Dabrowski examines how the superfund structure could help…if only we had one.
Two-thirds of pension firms cut gender pay gaps
Asset managers have made considerable improvements in their gender pay gaps, with an average narrowing of 2.6 percentage points, Professional Pensions analysis finds.
Pulling together will get us through
Julian Mund says the pensions industry, regulators and government are all working together to mitigate the impact of Covid-19 on savers.
Treasury extends RPI consultation period
The Treasury has announced a four-month extension to its consultation on reforming the Retail Prices Index (RPI) in response to the Covid-19 crisis.
Legislation is holding back chair's statements
Maggie Williams looks at whether chair's statements are having the desired effects, and what lies in their future.
Maps flags Covid-19 implications for pensions dashboard launch
The Money and Pensions Service (Maps) has published its first full report on progress on the pensions dashboard so far and has flagged “significant” delivery challenges in the face of the coronavirus pandemic.
Government withdraws 10% general levy increase
The Department for Work and Pensions (DWP) has cancelled a planned rise to the general levy amid the ongoing Covid-19 outbreak.
Three weeks leaves 'no time' for trustees to explain £90,000 taper raise
The government has left pension schemes with insufficient time to prepare members for changes to tapered annual allowance thresholds, due to come into effect from 6 April.
'Draconian penalties' promised for schemes with poor dashboard data
Pensions and financial inclusion minister Guy Opperman has warned schemes who do not have their data organised to the standard required for the pensions dashboard will face “draconian penalties.”
DWP to legislate for DC consolidation 'nudge'
Small defined contribution (DC) schemes will be “nudged” into consolidation under new government plans to ramp up governance.
Opperman: 'Some people want me to be less of an innovator'
Guy Opperman says he will not slow down on aiming to implement “ambitious” programmes to tackle climate change while the government will also continue to intervene where it feels the industry is not doing enough.
Cross-industry task force issues guidance on stricter climate-related disclosures for pension schemes
A consultation has been launched on guidance to help schemes get to grips with assessing, managing, and reporting climate-related risks in-line with Task Force on Climate-related Financial Disclosures (TCFD).
Diversity on trustee boards benefits scheme members
The Pensions Regulator’s industry working group on diversity is a step in the right direction, says Elizabeth Bostock.
Eight industry bodies go public with clause 107 drafting concerns
Trustees and their advisers could be “criminalised for doing the right thing” and left “fearful of acting” if Pension Schemes Bill wording is not amended, the Joint Industry Forum (JIF) says.
Granularity is the key to cost transparency
As the first reports under the cost transparency templates become due, Charlotte Moore looks at how schemes and their consultants can use the data
DWP disappoints with 'unfortunate' decision to hike general levy by 10%
The Department for Work and Pensions (DWP) says it will press ahead with a 10% increase to the general levy from 1 April, despite a severe industry backlash to a consultation on the issue.
Trustees face jail threat under 'extraordinary' pension bill provisions
PTL managing director Richard Butcher has warned trustees could face jail under proposed pension schemes bill additions to the Pensions Act 2004.
Most workers are unaware of pension pot size
More than half (54%) of workers do not know the size of their pension pots, according to research by the Pensions and Lifetime Savings Association (PLSA).
Net Pay Action Group urges government to deliver pensions tax manifesto pledge
The Net Pay Action Group (NPAG) is urging the government to deliver on its manifesto pledge to review unfair tax rules in pensions.
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