All Department for Work and Pensions (DWP) articles – Page 40
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News
Consultancy charging ban set to hit SMEs
The government’s decision to ban consultancy charges in all auto-enrolment schemes has been broadly welcomed, but the change is predicted to have a big impact on smaller employers.
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OpinionEnsuring quality in your auto-enrolment scheme
Back in 2011, the government raised the idea of colour-coding workplace pensions. As Pensions Week reported at the time, the idea was to provide employers with some kind of ratings system to denote the value of their pension schemes, and to give employees a better view of the health of their retirement savings.
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News
Government considers added layer of AE legislation
Pension professionals have welcomed plans for the government to legislate on further minimum standards for auto-enrolment to ensure schemes meet quality benchmarks.
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News
United Utilities takes action to lessen state pension impact
United Utilities has set up a special risk management group to deal with the impact of changes to the state pension due in 2016, and has warned schemes not to ignore the upcoming reform.
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FeaturesTesco consults with unions to reduce costs
The retail giant's scheme is consulting with trade unions on changes to its retirement age and indexation, in an attempt to achieve member consent for these savings.
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Features
How to communicate investment fees to members
In the final instalment of the fund fees survey, schemes outline how they educate and update their members on the impact of charges on their investments.
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Features
How to insulate DC assets from insolvency risk
Amid a slew of insolvency cases, Pippa Stephens looks at how defined contribution schemes can avoid being faced with defined benefit debt.
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FeaturesAxa and ITV latest to face ETV/Pie governance risk
As pensions minister Steve Webb orders a review of controversial derisking exercises, Owen Walker discovers how Axa and ITV are currently approaching them.
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Features
What to learn from the Supreme Court hybrid ruling
Mayer Brown's Edward Jewitt explains how schemes can manage their regulatory risk following the Supreme Court ruling on hybrid defined contribution schemes.
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FeaturesBritish Steel shares longevity risk with members
British Steel Pension Scheme has joined John Lewis and BAE Systems in introducing a longevity adjustment factor to minimise its exposure to longevity risk.
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Features
Schemes adopt flexible retirement to engage members
With seven out of 10 of schemes already implementing, or set to implement, flexible retirement, Ian Smith looks at how the policy can help them improve engagement.
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Features
Schemes urged to review PPF and FAS protection
Incoming legislation will mean more schemes will qualify for protection through the Financial Assistance Scheme (FAS), but all need to review what legislative protection they are entitled.
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Features
Scheme perspective: Engaging younger members
Tailored, online communication and flexible saving options will engage younger members, according to scheme managers.
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Features
DWP calls for triennial reviews of DC defaults
The Department for Work and Pensions’ (DWP) guidance on providing default options will prompt tighter governance controls for some schemes in the run up to auto-enrolment.
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Features
Are ETVs always inappropriate? Ask a BA pilot
The pensions minister is wrong in condemning schemes for offering cash incentives for defined benefit (DB) members to switch to defined contribution (DC) plans.
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Features
Schemes called to engage sponsors over s75 debt
With the government set to work more flexibility into section 75 debt obligations, schemes have been urged to monitor how sponsors take advantage of legislative relaxations.
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Features
Trustees use discretion on gender-reassignment
The Department for Work and Pensions (DWP) has created a team to deal with transsexual people entitled to added state pension after they undertook gender reassignment before 2005 legislation.