All Department for Work and Pensions (DWP) articles – Page 39
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News
Evaluating the government's technical AE changes
The technical changes to the regulations for implementing auto-enrolment released by the Department for Work and Pensions have received a mixed response from the industry.
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Opinion
How to bridge the retirement gender gap
News analysis: As long-term saving among women hits an all-time low, providers and advisers have urged schemes and the wider industry to cooperate in encouraging adequate retirement saving.
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News
United Utilities: charge cap could shield members
United Utilities' pension manager has voiced support for a cap on fees as it would protect default fund members from the decisions of their smaller and potentially less well-informed employers.
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Opinion
Is your scheme independence-proof?
A report released last month by the Scottish government outlined how it plans to tackle the structural and legislative hurdles currently blocking Scotland from disentangling its pensions system from the UK.
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News
How the OFT report affects your scheme
The Association of British Insurers will audit contract and bundled schemes at risk of being poor value for members, following the Office of Fair Trading’s investigation into the market.
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Opinion
Steps to take to equalise your guaranteed minimum pensions
The vexed question of how to equalise your guaranteed minimum pensions remains unanswered, but hopefully not for much longer. Pensions minister Steve Webb has indicated that guidance will be published in spring 2014.
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Opinion
Editorial: Freedom from want
The reaction to last week’s TUC report on state pension reform understandably focused on the results which, the union held, supported its claim that £144 a week would leave the “vast majority of people” worse off.
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NewsAxa ups benefit in final deal on DB scheme closure
Axa has confirmed it will close its UK defined benefit scheme from next month following a review, with current members receiving additional pension payments under the final agreement.
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News
Pressure grows for improved default fund standards
News analysis: Focus on the design of default funds has sharpened following government and industry plans to explore new minimum standards, but the process presents challenges, industry experts have said.
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NewsScottish state pension 'triple whammy' fears
Shadow pensions minister Gregg McClymont has said Scotland’s state pension provision will be hit by a demographic “triple whammy” should the country vote for independence next September.
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Opinion
Editorial: The metaphysics of quality
Last week, the government issued a call for evidence on quality standards in defined contribution schemes.
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NewsIndustry to meet ministers over impact of UK split
News analysis: Industry figures will meet with ministers next month to flesh out how a split UK pensions system could work in the event of a yes vote for Scottish independence.
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News
How auto-enrolment exceptions help your scheme
News analysis: Exceptions to auto-enrolment regulations due next year will bring more flexibility to schemes, but may be too late to help those already enrolled.
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News
APPT: changes needed to combat liberation fraud
Changes to legislation could help prevent pension liberation fraud and take the burden off trustees, the Association of Professional Pension Trustees has said, as reports emerge of increased fraudulent activity.
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News
Royal Mail annuity broking gets almost total member take-up
Members of the Royal Mail Defined Contribution Plan have welcomed the scheme’s decision to default at retirement into an annuity broking service to maximise their retirement income.
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News
CDC working group studies Dutch and Swedish schemes
News analysis: The government’s collective defined contribution working group has studied European models to potentially bring to the UK, but pension professionals have questioned employer appetite for the benefit structure.
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News
SPC: Pot-follows-member a 'breeding ground' for fraud
The government’s pot-follows-member proposals threaten to “overstretch” the industry and expose members to greater risk of pension liberation fraud, if introduced at the peak of auto-enrolment in 2014, the Society of Pension Consultants has warned.
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Opinion
Why 'healthy' life expectancy matters to members
Longevity has rooted itself as a near-intractable problem for sponsors of defined benefit pension schemes while at the same time being an apparently good-news story for everyone else.
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News
Aviva plans GPP committee to boost governance
Aviva is the latest insurer considering a trustee-type governance committee for its group personal pension to drive up standards and make its operations more cohesive.
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News
DWP: Avoid contract v trust governance debate
The government has said a “black and white” debate about differences in governance standards at contract and trust-based schemes is an unwelcome distraction from ensuring high standards across all arrangements.