The Pensions Regulator and Department for Work and Pensions need to “resolve inconsistencies” between the new DB code and the regulation underpinning it to avoid “negative consequences” for schemes and their members....
Pension companies are calling for a cross-party ‘grand implementation plan' to ensure wide-reaching reforms, currently being proposed, are introduced in managed stages over the next decade. A host of DWP consultations close...
The government should change the regulations around DB surpluses, to help boost investment into DC pensions and encouraging greater investment into the UK economy, according to a new report. Analysis by XPS...
Fintech adviser OpenMoney is closing its employee benefits platform WorkLife, amid ongoing disputes about redundancies and staff pay. The firm has faced difficulties since new owners took over the business in May...
Savers who were wrongly advised to transfer out of DB schemes will now receive significantly less compensation as a result of spiralling annuity rates. In some cases people who would have received a...
The government have been urged to slow down implementation of retirement ‘default’ arrangements, including decumulation-only CDC, and focus instead on legislative changes that will improve member engagement. The comments were made by...
The Pensions Regulator is urging trustees to offer members a ‘midlife MOT’, to help with future retirement planning. It says schemes should make the most of the resources now available via the...
The number of people overtaxed on flexible pension withdrawals continues to soar, with latest HMRC figures showing rebates for the second quarter of this year were £8m higher than in the first...
Social media ‘finfluencers’ face tough new rules, as the regulator aims to improve the way that financial products are promoted online. The regulator says its proposed new rules are designed to improve...
SPONSORED COPY At 54%, the ethnicity pensions gap in 2023 is stark. To what extent is a lack of trust in the investment industry stopping pensions from reaching their full potential? In...
