On the go: Despite the Pensions Regulator enforcement activity reaching a record high, the recovery rate against recoverable debt remains at 30 per cent, new research has revealed.
Law & Regulation
Schemes hit back at DWP’s levy ‘knee-jerk solutions’
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December 2, 2019
Several pensions experts have criticised the government’s consultation on the general levy on pension schemes, arguing that the Department for Work and Pensions has proposed ‘knee-jerk solutions’ that are not fit for purpose.
McCloud claimants to be treated as pre-2015 members
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November 29, 2019
On the go: Younger members of public sector schemes who have been discriminated against by the government’s 2015 pension reforms will be treated as participants of the original pension funds.
Calls for NHS pension solution to be extended to armed forces
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November 28, 2019
On the go: The Forces Pension Society has called on the government to extend its temporary fix for pension tax issues for senior clinicians to the armed forces.
Darren Ryder steps down from TPR
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November 27, 2019
On the go: The Pensions Regulator’s director of auto-enrolment, Darren Ryder, will leave his role next year to develop similar systems in other countries.
Conservatives promise to revive pensions bill
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November 25, 2019
On the go: The Conservative party has promised to bring back Guy Opperman’s three-part pensions bill if re-elected, in a manifesto that largely maintains the status quo in retirement saving.
Labour promises £58bn redress to 1950s women
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November 25, 2019
On the go: The Labour party has pledged to compensate women affected by the state pension age hike, with a £58bn commitment.
Trustees vindicated in RPI/CPI switch complaint
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November 25, 2019
The Pensions Ombudsman sided with pension scheme trustees in two separate cases over the decision to switch their inflation measure away from the retail price index.
Ombudsman: DWP failed to explain GMP downgrade to members
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November 25, 2019
The Department for Work and Pensions failed to properly communicate the detrimental impact that ending contracting out had on increases for individuals with a guaranteed minimum pension, the Parliamentary and Health Service Ombudsman has concluded.
Labour’s nationalisation plans could dent scheme portfolios
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November 22, 2019
The Pensions and Lifetime Savings Association has urged the Labour Party to clarify its plans for nationalisation of infrastructure and utilities, stressing that current investors must be compensated.