All Legislation articles – Page 35
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News
ACA and Royal London call for radical simplification of DB rights
Consumers and employers could reap substantial benefits if the complex patchwork of defined benefit pension rights could be radically simplified, according to a recent policy paper.
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OpinionFor emergencies only
Editorial: It seems that the key to enabling people to save for a pension could lie in boosting their financial resilience.
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PodcastsPodcast: What can we learn from the Barnardo's outcome?
Podcast: Earlier this month, the Supreme Court ruled that Barnardo’s cannot change the inflation protection it provides to members of its defined benefit scheme from the retail price index to the consumer price index. So, what does the result mean for other DB pension funds and their sponsors? Matthew de Ferrars, pensions partner at law firm Pinsent Masons, and Faye Jarvis, pensions partner at law firm Hogan Lovells, discuss what trustees can learn from the recent Barnardo’s outcome.
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News
Poor scheme data threatens to undermine GMP equalisation
More than 60 per cent of pension schemes are not expected to have sufficient data to carry out equalisation of guaranteed minimum pensions, recent research has shown.
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News
AE reaches nearly 10m workers, but gaps in coverage remain
On the go: A record 9,937,000 workers have been auto-enrolled into a pension scheme since 2012 according to data from the Pensions Regulator’s monthly auto-enrolment compliance statistics released on November 13.
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News
Fairs: Commercial consolidators pose new challenges for regulator
The Pensions Regulator has stated its support for the introduction of defined benefit consolidators, but is still grappling with key risks and challenges including the timing of necessary legislation and the impact consolidators may have on the marketplace.
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NewsOpperman aims for bumper summer pensions bill
The minister for pensions and financial inclusion, Guy Opperman, has stated his intention to deliver a “very substantial” bill addressing multiple areas of pensions regulation in the summer of 2019.
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OpinionLooking ahead for pensions
As MPs return to Westminster after party conference season, my focus is on advancing the government’s agenda to protect and empower savers, and expand saving.
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OpinionIt's not easy being green
Editorial: These days it is hard to deny that climate change is a material risk to a wide range of investments.
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OpinionWhy raiding pensions in the Autumn Budget is a terrible idea
Speculation is rising that the Treasury will attack pension tax relief in the Autumn Budget to divert funds to meet the promise of extra funding for the NHS.
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News
ABI expresses concerns over dashboard speculation
On the go: The Association of British Insurers has expressed concerns over the “threat to the pensions dashboard”, following speculation yesterday that secretary of state for work and pensions, Esther McVey, wants to kill off the project.
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Opinion
How would a lack of government support affect dashboard progress?
Analysis: Reactions to speculation that the secretary of state for work and pensions wants to scrap the pensions dashboard project have been unsurprisingly negative.
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OpinionWhat the DWP's new DB funding code could mean for trustees
In March this year, the Department for Work and Pensions published its white paper on 'Protecting Defined Benefit Pension Schemes'.
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News
Government appoints first CEO of single financial guidance body
On the go: The Department for Work and Pensions has appointed John Govett as the first chief executive officer of the new single financial guidance body.
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OpinionLGPS shared services: Loss of control or efficiency booster?
Consolidation is undoubtedly a buzzword in the pensions industry at the moment, as schemes look for ways to lower costs, increase efficiency and improve governance.
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News
Providers eye departure from defaults in workplace success stories
Providers at both ends of the workplace pension market are reporting positive behaviours among their membership, prompting some to suggest that the government should not instigate further increases in minimum contribution rates.
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News
Government rejects calls for default decumulation pathways
The government has rejected the Work and Pensions Committee’s recommendation for default decumulation pathways, but has agreed that there is a strong case for pensions dashboard compulsion.
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News
Industry calls for regulatory speed and stronger approach to scams
The pensions industry has voiced concerns over regulatory weaknesses and a lack of urgency when tackling scams and regulating defined benefit to defined contribution transfers.
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News
Government sets out proposals for trustee ESG investment duties
Trustees will be expected to publish a statement on how they take account of scheme members’ ethical views, if proposed requirements floated in a government consultation are implemented.