News

The Money and Pensions Service (Maps) has a “critical role to play” in the UK’s economic recovery from coronavirus, it says in a ten-year corporate plan released today.

A slump in inflation caused by economic damage from the coronavirus could pave the way for the abolition of the state pension ‘triple lock’, according to Lane Clark & Peacock (LCP).

Urgent pension reforms should be undertaken to give the UK fewer and larger pension funds with the scale required to make major infrastructure investments, a think-tank says.

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.

A scheme vulnerability analysis tool aiming to allow pension schemes to understand the likely impact of Covid-19 on their members’ life expectancy has been launched by XPS Pensions Group.

More pension schemes and their members are becoming interested in using bridging pensions as a result of Covid-19, according to Aon.

LV= is exploring the sale of its remaining life and pensions operations, Sky News has reported.

Provisional accreditation of professional trustees is necessary to ensure the speedy removal of “unscrupulous individuals”, Dalriada Trustees has said in defence of the process.

The Pensions Regulator (TPR) used its auto-enrolment (AE) enforcement powers more than 35,000 times in the first quarter of this year, with over 11,000 compliance notices dished out.

This week’s top stories included a three-month extension for NHS Pension Scheme members to use the Covid-19 voluntary scheme pays facility, while a small amendment to the Pension Schemes Bill caused confusion over the running of the pensions dashboard....