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‘Game changer’: Pension Schemes Bill laid before parliament
The government will today introduce the much-anticipated Pension Schemes Bill to parliament, setting the stage for a wide-ranging and ambitious overhaul of workplace pensions in the UK.
Private sector providers essential to dashboards success, says ABI
The Association of British Insurers has called for the government to reaffirm its commitment to facilitating private sector pensions dashboards, and to set a timeline for implementation.
The Friday Takeaway: Accords, admin, and antici… pation
It was all smiles in central London earlier this week as senior executives and government officials met to sign the Mansion House Accord, writes Pensions Expert editor Nick Reeve.
Dashboards: What to do with multiple administrator arrangements
The Pensions Administration Standards Association has issued advice to trustees dealing with multiple administrators while connecting their pension schemes to the pensions dashboards system.
The Department for Work and Pensions has set out a series of connection deadlines for pension schemes and providers depending on size and type. The deadlines are at the end of each month until 31 October 2026, by which point all eligible pension schemes should be connected.
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Make dashboards available by next year, government urged
Standard Life, Aegon and Moneybox have all announced their successful connection to the pensions dashboards ecosystem ahead of the launch of the government-backed MoneyHelper dashboard later this year.
Pension managers expect spike in member activity from dashboards
As the first deadline for connection to the pensions dashboards ecosystem passes, new research shows that almost a third of pension schemes are expecting a surge of activity in the first month once dashboards go live.
Use dashboards preparation to cut admin costs, charities urged
Spence & Partners reports that charity DB schemes are approaching full funding – but costs are rising, meaning more efficiencies are needed.
Three quarters of pension savers lack access to adequate technology from providers
New research from Bravura Solutions unearths a worrying lack of pensions technology that is hampering engagement.
Dashboard coalition disbands amid concerns over high regulatory bar
Industry experts are concerned that private sector pension dashboards may never happen as the expected regulatory framework is too onerous and uncertain.
Work and Pensions Committee to grill industry and regulators on dashboards
Representatives from the FCA, TPR, the Money and Pensions Service and the Pensions Dashboard Programme will all be questioned by the Work and Pensions Committee.