Pension providers and advisers have reported widespread confusion as to how the Job Retention Scheme will impact firms who use salary sacrifice schemes for pension payments - saying more clarification from the...
Firms are breaking employment law by imposing salary cuts and pension reductions without undertaking a required 60-day consultation period with employee representative groups. Advisers attending a virtual Corporate Adviser roundtable on the...
Many hundreds of employers have stopped making pension contributions after furloughing staff according to trustees. Capital Cranfield professional trustee Andrew Cheseldine says some master trusts they work with have seen cancellations from...
The government has responded to high profile corporate failures such as BHS and Carillion by tabling new legislation to bolster The Pensions Regulator’s powers and discourage corporate and individual behaviours that may...
As a tool, currency hedging can form an important part of a defined contribution (DC) scheme’s overall approach to risk management. Yet, in the past, not all schemes have deployed hedging, with cost...
The Government will cover employer contributions into AE pensions if businesses have to furlough staff, according to a statement by the Department of Work and Pensions. The DWP confirmed firms claiming grants...
Former pensions minister Steve Webb called for the Treasury to relax rules which could act as a barrier to people seeking to rebuild their pensions when the current Covid-19 crisis is over....
The Pensions Regulator declined to comment on whether discussions were taking place about the possibility of firms taking a pension holiday to help ease financial burdens during the coronavirus pandemic. However TPR...
The Pensions Climate Risk Industry Group (PCRIG) has launched a consultation on the new guidance it is publishing for trustees. This guide is designed to help trustees meet existing legal obligations, when it...
The industry has welcomed the chancellor’s announcement that there will be a 'call for evidence' into pensions tax relief administration, which will cover the ‘net pay anomaly’. However, some providers have called...
