More Law & Regulation – Page 115
-
News
Face-to-face comms can sweeten 'unpalatable' news
With the world of pensions constantly changing, employers and trustees are investing more time, effort and resources into liaising with members, but face-to-face communication has been deemed particularly effective when it comes to bad news.
-
News
CPS 'auto-protection' call reignites freedoms debate
Thinktank the Centre for Policy Studies has highlighted the need to shield savers from financial risks in later life through the idea of “auto-protection”, with the introduction of auto-drawdown, followed by auto-annuitisation at age 80.
-
News
Lack of savings highlights importance of state pension
The number of women retiring without a pension has dropped, new research shows, but nearly 14 per cent of people have not made provisions for their retirement, highlighting the significance of the state pension for savers.
-
News
CDC could refocus industry on purposeful finance
Refocusing the industry on the purpose of finance could deliver huge benefits to UK pensions, a new academic paper has suggested, as calls were lodged for the resurrection of collective defined contribution.
-
News
NICs U-turn puts pension tax back on the table
Chancellor Philip Hammond has cancelled plans to increase class 4 national insurance contributions for the self-employed, creating a £2bn shortfall in the nation’s accounts between 2018 and 2022, which many fear will be plugged by changes to pension tax relief.
-
News
Pensions fail to convince savers but attitudes are expected to change
Fewer than half of people view workplace pensions as the most secure form of retirement savings, but experts have said attitudes towards saving for the future could change, driven by the current housing shortage, auto-enrolment developments and the demise of defined benefit pension funds.
-
NewsHow would Scottish independence impact schemes?
Scotland's first minister Nicola Sturgeon will seek a second referendum on Scottish independence, to be held by spring of 2019, triggering concerns about the challenges a Yes vote would pose to UK pensions.
-
News
AE review: Tension between engagement and inertia comes to the fore
PLSA Investment Conference 2017: With the Department for Work and Pensions’ review of auto-enrolment underway, advisory groups are seeking views on engagement, contributions and coverage, but questions remain over the necessity of engagement and the pensions reality in other countries.
-
News
FCA throws cold water on IA input ambitions
PLSA Investment Conference 2017: The Financial Conduct Authority’s director of strategy and competition Christopher Woolard has said he does not want to be bound by industry initiatives in making new rules for asset managers.
-
NewsSpring Budget focus on self-employed lets industry hope for more
The chancellor’s focus on the self-employed could pave the way for bringing the group into the pension system, some experts have said, as the spring Budget brings no significant news on pensions.
-
NewsPLSA ‘superfunds’ solution gets lukewarm reception
The Pensions and Lifetime Savings Association is calling on the government to facilitate consolidation while creating a regulatory framework for the creation of superfunds, but the proposal has seen a muted response.
-
News
DWP blocks Nest drawdown in favour of industry innovation
The Department for Work and Pensions has decided against letting Nest offer drawdown after strong opposition emerged at consultation, opting instead to rely on industry innovation, but some have questioned whether the market will provide this.
-
News
Government to appeal ruling on discrimination
The government is set to appeal the employment tribunal’s recent verdict that more than 200 judges suffered discrimination as a result of pension changes. Meanwhile, the Fire Brigades Union is planning to challenge the result of a similar discrimination case, which it lost this year.
-
News
BHS deal welcomed but views split over DB framework
Sir Philip Green will contribute £363m to a new pension scheme for former employees of BHS, under a settlement arrangement that achieves better outcomes for members than entry into the Pension Protection Fund.
-
News
Select committee hears evidence on how to get the self-employed saving
Proposals including an expansion of auto-enrolment and raising class 4 national insurance contributions, aimed at boosting pensions coverage in the UK, have been put before the Work and Pensions Committee as part of its inquiry into self-employed workers.
-
News
Regulatory risk seen as main challenge for infra investors
Pension funds across the world face a wide range of issues when it comes to investing in infrastructure, but for some, political risk and lack of supply are the biggest barriers.
-
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.
-
NewsSavers still keen on cash until pot size grows
Full cash withdrawals are still dominating the retirement income market, according to analysis by the Financial Conduct Authority, as concerns were raised over consumer reluctance to seek financial advice.
-
News
'Greenest of green papers' explores DB sustainability options but lacks urgency
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.
-
News
FCA market study: All-in fee might not be all-in cure
The consultation stage of the Financial Conduct Authority’s market review of the asset management industry closed last week, with experts welcoming the boost to transparency but remaining reticent over proposals for an all-in fee structure.