The cross-party Work and Pensions Committee has launched an inquiry examining how auto-enrolment could be reformed to address issues of pensions adequacy and securing a fair retirement income for low earners. Despite...
The industry largely welcomed the decision by the Monetary Policy Committee at the Bank of England to hold interest rates at 3.75 per cent, though also warned of the possibility of a...
The Department for Work and Pensions has launched a consultation which sets out proposals for the implementation of automatic consolidation of deferred small pots through the establishment of consolidator schemes. The consolidators...
Industry trade body Pensions UK has called on the government to conduct a full review of the general levy framework before enacting increases in the costs faced by pension schemes and providers....
Trustees need to look beyond the immediate compliance challenges of pension reforms to consider wider strategic implications for schemes, according to Hughes Price Walker (HPW), a provider of actuarial, consultancy, investment and...
Low earners who were victim to a discrepancy in pensions payouts first identified in 2018 are finally to receive compensation, according to HMRC. The issue arose due to the difference in the...
Leading pension bodies have welcomed the DWP’s draft regulations for unlocking surpluses from DB schemes. The consultation on these regulations closes today. The Society of Pension Professionals (SPP) said the rules as...
The Society of Pension Professionals has raised concerns over proposed increases in costs for master trusts and personal pension providers when paying the General Levy. The General Levy is a charge paid...
Since pension freedom rules were introduced, 2.4m people have taken a taxable pension payment from their retirement savings before the age of 65, according to HMRC data. These figures do not include...
Regulations to enable unconnected multi-employer schemes to join a collective defined contribution scheme have come into affect as of 31 July, described as a ‘landmark’ development by a former pensions minister. This...
