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.

Trustees warned to be vigilant before approving superfund deals

Trustees eyeing a transfer into one of the UK’s nascent superfunds must consider the viability of the acquiring consolidation vehicle before consenting to a ‘buyout-lite’ deal, the Pensions Regulator’s executive director of frontline regulation has warned.

The Weekly Wrap – June 22 edition

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A round-up of the pensions news stories published across the FT Group this week – from allegations of factory-gating at UK companies, to fishy foul play in a divorce settlement.

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.

Less than a third of trustees think TPR will monitor fairly

Just 31 per cent of trustees are confident the Pensions Regulator will police funding agreements fairly and effectively in future, according to a survey by consultancy Willis Towers Watson.

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.

Comment & Analysis

CDC ship has sailed for many employers

Jonathan Wileman

Collective defined contribution's aim of providing a wage for life is laudable, writes Bravura Solutions' Jonathan Wileman, but with the shift to DC already underway and savers keen on freedoms, its moment may have passed.

Default pathways strengthen freedom and choice, not weaken it

Nigel Peaple

Members should always be encouraged to make an active choice about their retirement income, but we know not everyone will. Government should therefore provide clear principles to govern the creation of good-value defaults, says the Pension and Lifetime Savings Association's Nigel Peaple.

Trustee negotiation need not always result in a winner and a loser

Edward Levy

Edward Levy at Law Debenture Pension Trustees explains how to ensure effective trustee negotiation.

Videos & Podcasts

Regulator explains quicker, clearer, tougher

Nicola Parish 15.06.18 Button

Video: The Pensions Regulator has promised to be quicker, clearer and tougher in its new approach to regulating DB schemes, but what does it actually mean? Nicola Parish, executive director of frontline regulation, talks DB criminal sanctions, corporate activity and superfunds in this interview with Pensions Expert.

Guy Opperman talks AE, the self-employed and superfunds

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Podcast: From the government's review of auto-enrolment, to the publication of its defined benefit white paper, the past 12 months have been a busy time regarding retirement saving. While a significant amount of progress has been made, plenty more is needed. In this podcast, Guy Opperman, minister for pensions and financial inclusion, discusses auto-enrolment, pensions for the self-employed and superfunds.

Should member-nominated trustees be elected or selected?

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Podcast: Under the Pensions Act 2004, at least one-third of a pension scheme’s trustees should be member-nominated. David Brooks, technical director at consultancy Broadstone, and Stephen Fallowell, former MNT at the Royal Bank of Scotland Group Pension Fund and committee member of the Association of Member Nominated Trustees, debate the merits of electing trustees versus selection by panel.

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