All Guy Opperman articles

  • Guy Opperman portrait
    People News

    Appointments: Smart, Nest, Barnett Waddingham, Fidelity

    2024-11-29T00:00:00Z

    The latest hires, promotions and appointments for the week ending 29 November 2024.

  • News

    Data a ‘fundamental problem’ for dashboards: Opperman

    2024-09-04T00:00:00Z

    The quality of member data across the pensions industry remains a “fundamental problem” that needs to be addressed for pensions dashboards to succeed, according to former pensions minister Guy Opperman.

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    Features

    Yearly Roundup: Not enough consultations

    2022-12-20T00:00:00Z

    Yearly Roundup: Not enough consultationsEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: 110%;top: -5%;left: -5%;z-index: -1;background-color: rgba(0,0,0,.8);}.sh_embed #embed_article {display: none;}.sh_embed .sh-embed-img {display: block;zoom: 1;opacity: .5;width: 100%;height: 100%;object-fit: cover;image-rendering: optimizeSpeed;filter: progid:DXImageTransform.Microsoft.AlphaImageLoader(sizingMethod='scale');-ms-filter: "progid:DXImageTransform.Microsoft.AlphaImageLoader(sizingMethod='scale')";-webkit-filter: blur(5px);-moz-filter: blur(5px);-ms-filter: blur(5px);filter: blur(5px);filter: ...

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    News

    Opperman returns to DWP as minister of state

    2022-10-28T00:00:00Z

    On the go: Guy Opperman has been appointed as a minister of state at the Department for Work and Pensions, a little over a month after being let go as pensions minister.

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    Features

    Auto-enrolment: Continuing on the success of the past decade

    2022-10-24T00:00:00Z

    Auto-enrolment: Continuing on the success of the past decadeEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: 110%;top: -5%;left: -5%;z-index: -1;background-color: rgba(0,0,0,.8);}.sh_embed #embed_article {display: none;}.sh_embed .sh-embed-img {display: block;zoom: 1;opacity: .5;width: 100%;height: 100%;object-fit: cover;image-rendering: optimizeSpeed;filter: progid:DXImageTransform.Microsoft.AlphaImageLoader(sizingMethod='scale');-ms-filter: "progid:DXImageTransform.Microsoft.AlphaImageLoader(sizingMethod='scale')";-webkit-filter: ...

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    News

    DWP concedes to industry demands on dashboards lead time

    2022-10-17T00:00:00Z

    The Department for Work and Pensions has recognised its proposed 90 days pensions dashboards lead time “creates challenges” for schemes and administrators, and will now give providers a six-month notice before the project goes live.

  • Jose Sarmento Matos/Bloomberg
    News

    MPs call for AE reforms to be introduced by spring 2023

    2022-09-29T00:00:00Z

    The Work and Pensions Committee has called on the government to introduce auto-enrolment reforms next spring, while setting up new policy goals to ensure a “new consensus on adequate retirement income” is achieved.

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    News

    DC charge cap performance fees scrapped to spur investment

    2022-09-23T00:00:00Z

    Chancellor of the exchequer Kwasi Kwarteng has announced that performance fees will be removed from the charge cap applied to defined contribution schemes, in a bid to spur pension scheme investment in science and technology.

  • Jens P Raak/Pixabay
    News

    TPR approached a ‘number of times’ by capital-backed consolidators

    2022-09-22T00:00:00Z

    The Pensions Regulator has been approached a “number of times” by companies working on capital-backed consolidation models, according to Charles Counsell, who has called for superfund legislation.

  • Guy Opperman
    News

    Guy Opperman removed as pensions minister

    2022-09-20T00:00:00Z

    The UK’s longest-serving pensions minister, Guy Opperman, has been removed from his post by new prime minister Liz Truss, after five years in the role.

  • Hollie Adams/Bloomberg
    News

    Opperman: 12mn people are under-saving for retirement

    2022-09-12T00:00:00Z

    Pensions minister Guy Opperman has told MPs that around 12mn people are under-saving for their retirement, accounting for 38 per cent of the nation’s working age population.

  • Chris Jackson/PA
    People News

    Pensions industry pays tribute to Queen Elizabeth II

    2022-09-09T00:00:00Z

    The pensions industry has paid tribute to Queen Elizabeth II, “an inspirational example to so many” who spent a “lifetime of dedicated service to the country and the Commonwealth”.

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    News

    Opperman has ‘zero sympathy’ for concerns over dashboards’ timeline

    2022-09-02T00:00:00Z

    Pensions minister Guy Opperman has rebuffed concerns over the timescale of the Pensions Dashboards Programme, adding that the project would have moved at even greater speed if he had his way.

  • Chris J Ratcliffe/Bloomberg
    News

    Opperman attacks industry efforts on midlife MOTs

    2022-09-02T00:00:00Z

    Pensions minister Guy Opperman has hit out at the pensions industry’s apparent lack of involvement in the development of so-called “midlife MOTs”, and argued in favour of the service being offered to savers in their thirties.

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    News

    Opperman moots abolishing member-nominated trustees

    2022-09-02T00:00:00Z

    Pensions minister Guy Opperman has raised the possibility of scrapping member-nominated trustees, demanding a surge in professional trustees as part of his plans for consolidation in the defined contribution space.

  • Wolfgang von Brauchitsch/Bloomberg
    News

    First LGPS climate risk reports due by December 2024

    2022-09-01T00:00:00Z

    The first Local Government Pension Scheme climate risk reports will be completed by December 2024, with which administering authorities will set out their strategies and metrics for managing climate-related risks and opportunities, according to a new government consultation.

  • News on the go
    News

    Dominic Harris confirmed as new Pensions Ombudsman

    2022-08-31T00:00:00Z

    On the go: The Department for Work and Pensions has confirmed CMS partner Dominic Harris as the next Pensions Ombudsman.

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    News

    Opperman rejects PPF and FAS inflation caps review

    2022-08-24T00:00:00Z

    Pensions minister Guy Opperman has rebuffed an appeal from a trade union to review compensation levels in the Pension Protection Fund and the Financial Assistance Scheme, as the cost of living crisis looms over beneficiaries.

  • Chris Ratcliffe/Bloomberg
    News

    New funding proposals threaten ‘the demise of DB schemes’

    2022-08-15T00:00:00Z

    New defined benefit funding rules may lead to “potentially severe outcomes”, consultancy LCP has warned, while Mercer has predicted that the regulations would “accelerate pension liability buyouts and the demise of DB schemes”.

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    News

    New proposals set DB schemes on path to ‘low dependency’

    2022-07-26T00:00:00Z

    Defined benefit pension schemes will need to be funded in such a way that they are in a state of “low dependency” on their sponsoring employer by the time they are significantly mature, under new government proposals.