News analysis: Scrapping tax breaks for high earners could present a communication challenge for trustees, as the government weighs up ideas for potentially radical reforms of the current pension tax relief system.
From the blog: The government has today launched a 12-week consultation into pension transfers, early exit charges and the provision of financial advice.
But why, you ask, when the Pensions Regulator and the Financial Conduct Authority are already undertaking their own analyses?
In this inaugural Pensions Expert Vizcast, editor Maxine Kelly and senior reporter Tom Dines provide a whistle-stop tour of the month's most significant news and case studies, covering derisking exercises and the Summer Budget (3:10).
News analysis: Local authority schemes are poised for the outcome of a consultation on collaboration which could compel them to pool their investment assets to save on costs.
Any Other Business: If you’re reading this as a trustee and wondering why so many questions are being asked about the future of the role, chances are you’re among the fraction receiving ongoing formal training.
From the blog: Independent governance committees have been tasked with assessing the value for money of their provider’s workplace personal pension plans.
But most IGCs are currently grappling with the issue of what value for money means and how they should assess it.
So, what would be reasonable for IGCs to consider when assessing value for money?
Comment & Analysis
Talking Head: Nest's Helen Dean explains how the mastertrust is working to align payroll and pension systems to smooth the auto-enrolment journey for smaller employers.
An independent pension commission is yet to manifest despite industry support, and it is time to reinvigorate the initiative, says Quantum Advisory's David Deidun.
If defined contribution scheme members are to make confident investment decisions they need to be clear on costs, says Mercer's Andrew Williams.
Video: The Pensions Regulator's chief executive Lesley Titcomb outlines the watchdog's key areas of focus – including a revision of the DC code, the freedom fallout and mastertrust assurance, and touches on the argument for a single regulator (6:11).
Video: Which trends are driving how pension funds are structuring their growth portfolios? M&G Investments' Steven Andrew, Nest's Mark Fawcett and Barnett Waddingham's Marcus Whitehead discuss the opportunities and risks (5:55).
Video: Aviva Investors' Mark Versey, plus HR Trustees' Giles Payne and Redington's Kenny Nicoll discuss how underlying investment strategies are evolving (5:47).