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Economic gloom overshadows quiet Budget for pensions

Autumn Budget 2017: The pensions industry has had its wish granted with a Budget light on savings policy, but a worsening economic horizon may still mean heads are being scratched on pension scheme investment boards.

Worker status at centre of draft bill on gig economy

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The Work and Pensions Committee and the Business, Energy and Industrial Strategy Committee have published a draft bill and a report on workers’ rights and the gig economy.

Forces win back payout for family bereavement

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The Ministry of Defence has agreed to introduce the Short-Term Family Pension to the Armed Forces Pension Scheme 2015. The provision, which is in place for members of the 1975 scheme, was not carried over to the new 2015 scheme.

Govt to ban cold calls before 2020, but questions remain

Houses of Parliament

The government is aiming to introduce a cold-calling ban before 2020 and has opposed the idea of compulsory guidance, as the Work and Pensions Committee continues to probe officials as part of its wide-ranging inquiry into pensions freedoms.

Govt and industry aim to push impact investing onto scheme agendas

Tracey Crouch MP and Stephen Barclay MP with members of the advisory group

Trustees and employers should receive training on social impact investing and engage with scheme members to better align non-financial values, a report to government has recommended, but experts stress time constraints and practical hurdles.

A million older workers fall into unemployment trap

An “unemployment trap” preventing older people from finding jobs requires a rethink of pensions and benefits policy, a new report claimed on Tuesday, as state pension age increases threaten to harm those left out of the labour market.

Is it time for a trustee code of conduct?

From politics to professional football, acting and the media, every corridor of power has been exposed, particularly in recent weeks, as rife with abuse and exploitation.

Field: Members should have first claim on assets

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Work and Pensions Committee chair Frank Field wants pension scheme members to have first claim on any assets from bankrupt sponsors, a debate on scrapping limited liability, and hopes to start an independent action group to support trustees.

Seven in 10 professional trustees want standards body

Professional trustees have called for a body to set standards and monitor performance in the industry, but experts have cautioned against any measure that threatens the level of cognitive diversity on trustee boards.

TPR reviews value for member assessments in DC

The Pensions Regulator has launched a review into value for member assessments in defined contribution funds, with a view to boosting better outcomes for members of smaller schemes.

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