All Law & regulation articles – Page 14
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NewsDWP data shows the gender pension gap remains at 35%
According to the most recent data (2018 to 2020) issued by the Department for Work & Pensions (DWP) on 5 June 2023, the gender pensions gap (GPeG) in private pensions stands at 35%.
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NewsYet more consultation required to put in place the McCloud remedy
The government is to further consult on supplementary matters and scheme regulations concerning the McCloud remedy in the Local Government Pension Scheme (LGPS).
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NewsTUC: Act now or women will be condemned to retirement poverty
Women are more than twice as likely as men to miss out on being automatically enrolled into a workplace pension scheme, according to new analysis published by the TUC.
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NewsTrust is the greatest obstacle to bridging the advice gap
Trust remains one of the biggest obstacles against bridging the advice gap, according to new data from specialist marketing and communications agency, Lang Cat Financial.
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FeaturesWill DC consolidation present master trusts with crock of gold?
Within a decade, some 15 or more master trusts will have disappeared. Today, 36 players jockey for pole position. What will this huge transition mean for trustees, sponsors, and members, asks Stephane Hawthorne?
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OpinionInvestors must insist on decarbonisation – before it’s too late
The annual business meeting of a company has long been a forum for investors to air their grievances about the direction that a company is taking. That’s why ShareAction went to chemical giant BASF’s AGM last month.
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NewsDWP announcement on dashboard programme is imminent
A Department for Work and Pensions (DWP) announcement on the next stage of the delayed pension dashboards programme is expected within days.
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NewsTPR at the root of high levels of industry dissatisfaction over policy direction
More than six in ten (61%) of pension industry respondents are unhappy with the direction of pensions policy over the past six months, according to the latest Pensions Management Institute (PMI) Pulse Survey. That’s an increase of almost 40% (38.6%) compared with last year’s survey.
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NewsACA chair balks at funding code for open schemes while backing CDC
Concerns about the new funding code forcing “unnecessarily cautious” funding approaches upon open defined benefit (DB) schemes were raised at the All Party Parliamentary Group’s annual pensions lunch earlier this week.
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NewsDelays are not the only problem with existing pension scam rules
Despite the uncertain economic environment, criminals are making hay, with 40% of all UK crime being attributed to fraud.
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NewsDerisking well funded DB schemes may be an opportunity missed
Employers should adopt a more ambitious approach to managing well-funded defined benefit (DB) schemes and see them as an opportunity, according to pensions experts.
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NewsTPR's new CEO unapologetic for demanding high standards
The Pensions Regulator has called for greater industry collaboration while firing a warning shot across the bows of schemes and trustee boards that don’t meet the regulator’s standards.
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NewsLabour backs £50 billion DC incubator 'growth fund' concept
Shadow chancellor Rachel Reeves has backed a proposed £50 billion ‘future growth fund’ and suggested that she might be prepared to force pension funds to make investments in fast-growing UK companies.
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NewsAMNT says schemes and regulators must do more to support MNTs
Ever since the Robert Maxwell scandal of the early 1990s, member nominated trustees (MNTs) have been a tenet of scheme governance. Yet, they have often come in for criticism.
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NewsHow do sponsor's net zero commitments affect the employer covenant?
LCP is calling on trustees to get a better handle off the net zero ambitions, efforts and achievements, as they may all have a bearing on the sponsor’s ability to support the defined benefit (DB) scheme.
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NewsTreasury to bear risk of unfunded legacy public sector schemes
Members of the reformed public sector pension schemes will no longer bear the costs of legacy schemes under the government’s solution to its 2015 public sector pensions changes, the Treasury has confirmed.
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NewsGAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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NewsLord Mayor: DC funds hold UK's future growth in their hands
Defined contribution (DC) pension funds offer the key to turbocharging the growth of the UK’s fintech sector, according to Nicholas Lyons, Lord Mayor of London, speaking at DG Publishing’s DC Strategic Summit on Monday 15 May.