Society of Pension Professionals

Government proposals to employ a charge cap smoothing mechanism in a bid to incentivise defined contribution (DC) pension scheme investment in illiquid assets could have the opposite effect, says the Society of Pension Professionals (SPP).

Governance issues can directly impact the outcomes and value for money experienced by defined benefit (DB) scheme members, according to a paper from the Society of Pension Professionals (SPP).

The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.

The Pension Schemes Bill has been passed in the House of Commons at the second reading, laying the groundwork for its final approval.

Four possible models of economic recovery are being discussed as part of a 15-year corporate strategy plan, The Pensions Regulator (TPR) has said.

Superfunds will be a “useful weapon” for defined benefit schemes moving forward, with their need solidified after the economic struggles caused by the coronavirus pandemic, Guy Opperman has said.

Despite an anticipated delay in the Pension Schemes Bill being debated in the House of Commons, Guy Opperman has confirmed he fully expects it to be law by the end of 2020.

Schemes trying to delay the dashboard project by not collecting the necessary data will be left behind, Guy Opperman has warned.

Warnings from pension companies to savers who are looking to transfer their pension somewhere that does not look right are often ignored, says Phoenix Group.

The industry does not expect future mortality improvements to change despite the 60,000 excess deaths from the Covid-19 pandemic, a Society of Pension Professionals (SPP) poll finds.