All Department for Work and Pensions (DWP) articles – Page 21
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News
Self-employed want help with long-term finances, study finds
An investigation into the saving habits of the self-employed has found that entrepreneurs want help to save for the long term, but are put off by the inflexibility and specific goal of pensions.
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OpinionIt is time for the industry to face up to its data problems
Poor record-keeping has long been the elephant in the room in the pensions sector.
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News
Opperman pushes 50 largest funds to lead way on climate change
On the go: Pensions and financial inclusion minister Guy Opperman has written to the largest pension funds in the UK, reminding them to pull their weight in the fight against climate change.
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NewsField sounds alarm over unregulated DB superfunds
The chair of the Work and Pensions Committee has warned that the government may be putting retirements at risk if it does not bring forward legislation to regulate defined benefit superfunds.
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News
Nine out of 10 trustees ready for new SRI regime
On the go: Trustees are universally well prepared for the new responsible investment regulations that come into force on October 1, with an astonishing 96 per cent saying they are up to speed.
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FeaturesWhy your default is drowning in liquidity
Why yourdefault isdrowningin liquidity Defined contribution pension savers are long-term investors, so why are their trustees shying away from illiquid assets like infrastructure? Sophia Imeson investigates the barriers to real asset investments, and what a long-term portfolio would ideally look like.Enterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica ...
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News
Thérèse Coffey new DWP secretary after Rudd’s Brexit exit
On the go: Suffolk Coastal MP Thérèse Coffey will take over as secretary of state for work and pensions, the government announced on Sunday, after Amber Rudd quit the role over Boris Johnson’s handling of Brexit.
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News
Funding for school pension costs rises to £1.5bn
On the go:The government has promised to compensate some public sector pensions' increased employer contribution costs, but other pensions spending was unmentioned.
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News
5 million still at risk from scams, TPR warns
On the go: The Pensions Regulator has warned that as many as five million savers are still at risk from pension scams, as it renews its commitment to fighting fraudsters alongside the Financial Conduct Authority.
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News
MPs urge DWP to review scope and level of charges cap
The Work and Pensions Committee is ramping up the pressure on the government and the Financial Conduct Authority to cap the level of charges on default retirement products.
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News
Quarter of a million still inherit spouse's state pension via DWP loophole
On the go: A loophole means some spouses who outlive their partners are eligible to inherit some of their state pension, the Department for Work and Pensions has said, in a revelation that could boost many pensioners' income.
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News
Select committee presses govt on superfund commitment
On the go: The Work and Pensions Committee has voiced its concerns about the government allowing the creation of defined benefit superfunds in the absence of a dedicated regulatory regime.
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OpinionGearing up for GMP equalisation
Guaranteed minimum pensions are still causing a lot of head-scratching in the pensions industry. While the High Court confirmed in October 2018 that pension benefits do need to be equalised for the effect of GMPs, practitioners have since been thinking about how to ensure that schemes are able to implement equalisation smoothly.
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News
Lancashire council explores free transport for WASPI women
On the go: Lancashire County Council was urged to explore providing women affected by equalisation with concessionary travel on Thursday, as campaigners await the High Court’s judicial review of the government’s policy.
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News
Minister tells schemes to quicken transfer pace with PASA guidelines
Ten weeks should be the maximum time limit for defined benefit transfers, said industry-wide guidelines published on Monday by the Pensions Administration Standards Association.
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News
TPR publishes new DC investment guidance
On the go: The Pensions Regulator has updated its DC investment guidance to incorporate new regulations on environmental, social and governance risk coming into force from October 2019 and October 2020.
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FeaturesThe clear cost of investment
Obscuring investment costs is becoming a risky game for the asset management industry, and Dr Chris Sier knows it.
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News
PSIG calls on trustees to review procedures amid rise in scammers
The Pension Scams Industry Group exhorted trustees to review their scam prevention procedures on Tuesday, as pension fraud attempts continue to rise despite tightening government regulations.
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News
High Court reviews government handling of equalisation
On the go: Campaign group BackTo60 headed to the High Court on Wednesday for a judicial review into how the government implemented the state pension age rise for women.
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News
Govt admits its pension forecasts have ‘significant’ inaccuracies
Pensions minister Guy Opperman was forced to admit “significant” problems with inaccurate state pension forecasting on Tuesday, raising fears hundreds of thousands of pensioners could be paid less than forecast.