All House of Commons articles – Page 2
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News
New criminal sanctions not meant to disrupt businesses, Govt claims
The government has guaranteed that new criminal sanctions introduced in the pensions schemes bill are not intended to disrupt legitimate corporate activity, but has refused to revise “widely” worded powers to go after those linked to defined benefit schemes.
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Opinion
Davey: 'Addicted' schemes should lead way in decarbonising capitalism
The Committee on Climate Change has proposed a net zero carbon target by 2050 for the UK, eliminating the 1 per cent of global carbon emissions for which we are directly responsible.
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News
Government waters down default guidance proposals
The government has removed an amendment to the financial guidance and claims bill which would have automatically enrolled people into guidance as they seek to access their pots or transfer benefits.
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Opinion
Cold call from a pensioner
Editorial: An elderly gentleman called me a few days ago at work. He was looking for someone who could help him access his pension pot.
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News
Commons debates default guidance in second reading of bill
The House of Commons debated the feasibility of default guidance and the future of private sector pensions during the second reading of the financial guidance and claims bill on Monday.
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Opinion
It's time to put our faith in experts
From the blog: The transfer market has been frantic with activity since the introduction of pension freedoms in 2015. Around £50bn has been cashed out of company pension schemes over the past two years, according to Mercer.
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News
Lords want default guidance for pension savers
The House of Lords added more pressure to the government on Tuesday as a Liberal Democrat-led amendment to the Financial Guidance and Claims bill was passed by 283 to 201 votes.
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News
Pressure grows to provide pre-1997 inflation-proofing
Pensions minister Richard Harrington has demanded that the chief executives of companies including Hewlett Packard Enterprise and 3M explain their refusal to grant discretionary increases to members with benefits accrued before 1997.
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News
Cracks show over member involvement as MPs debate mastertrusts
As the pension schemes bill on tougher mastertrust regulation is passing through parliament, some have called for making member involvement in mastertrust governance mandatory, but it is feasible?
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News
Government urged to pick up the pieces of failing mastertrusts
The mastertrust legislation horse is being put before the cart now that the pension schemes bill has reached the House of Commons, as the debate is shifting to who will be the 'funder of last resort'.
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Features
Survey: Schemes concerned over PFI mixed messages
Owen Walker finds schemes are being put off investing in infrastructure due to the UK government’s unclear attitude to private finance initiatives (PFI).
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