WPC

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.”

Former pensions minister Stephen Timms has been elected chairman of the influential Work and Pensions Committee (WPC).

At least four Members of Parliament (MP) will battle it out to chair the Work and Pensions Committee (WPC), it has been confirmed.

A High Court battle has begun between the government and four railways companies after they were excluded from franchise bids due to their approach to the £27bn Railways Pension Scheme (RPS).

The House of Commons has confirmed that the Work and Pensions Committee (WPC) will be chaired by a Labour member of parliament (MP).

Aegon has launched personalised animated video summaries for its members, in a bid to boost engagement.

An agreed definition of value for money would make it easier for members to compare pensions, but it could be difficult as schemes are so different, writes Kim Kaveh.

It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.

This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.

The government and regulators should not wait for the industry to "fail to act voluntarily" to provide value for money in pensions, the Work and Pensions Committee (WPC) says.