News

This week's top stories included coverage of the Treasury Committee's report on household finances, which outlined a series of proposed incremental changes.

The Pensions Administration Standards Association's (PASA) Defined Contribution Governance (DC) Working Group has published guidance to help trustees, employers and administrators navigate an increasingly "complex" market.

BT has slashed its pension liabilities by £1.8bn in three months through deficit recovery contributions (DRCs) and a change to the scheme's discount rate.

A draft policy on how authorised master trusts will be supervised and enforced has been outlined in a consultation published by The Pensions Regulator (TPR).

The Financial Reporting Council (FRC) has found weaknesses in nearly half of the audit work relating to pension valuations and disclosures it inspected over the past financial year.

Blockchain is a "natural solution" to many of the challenges a collective defined contribution (CDC) structure poses for pension governance and administration.

Tax relief on pension contributions is not an effective way of incentivising saving and the government may wish to consider fundamental reform, the Treasury Committee says.

Pension Insurance Corporation (PIC) has invested £150m in debt issued by Heathrow Airport.

The Treasury Committee has called upon the government to abolish the lifetime ISA (LISA) just 16 months after it was first made available, after receiving persistently negative feedback on the product.

The trustees of the Universities Superannuation Scheme (USS) have proposed raising total contributions by 41% by April 2020.