All Department for Work and Pensions (DWP) articles
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ArticleRenewing the social contract on retirement: Liz Kendall on the Pensions Commission
The work and pensions secretary Liz Kendall addressed industry representatives and the media this week to outline the need for further pensions reform and set the stage for the new Pensions Commission.
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NewsGovernment resurrects Pensions Commission to oversee adequacy review
Baroness Jeannie Drake – who was one of the authors of the Turner Report – is one of three senior figures tasked with investigating retirement income adequacy and inequalities.
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In DepthIn Depth: 2025’s end-of-term report on pensions dashboards [updated]
With connection deadlines coming and going and many organisations already linked up, independent consultant Richard Smith assesses the government’s progress on dashboards and looks at what is still left to do to make them a reality.
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NewsCall for levy reform as pension schemes hit with ‘surprise’ £15m PPF bill [updated]
Pensions UK is calling for urgent government action after DB pension schemes were unexpectedly billed for an administration levy connected to the PPF, with the largest schemes facing bills of hundreds of thousands of pounds.
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NewsRelief for DB schemes as government pledges action on section 37 issues
The DWP has said the government will legislate to address the issues posed by the Virgin Media-NTL case and allow for retrospective actuarial approval to be given to historic amendments.
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NewsGovernment and TPR to scrutinise pre-97 benefits
In response to a recommendation by the Work and Pensions Committee, the DWP will engage with the regulator to understand why many DB schemes do not award discretionary increases to members with pre-1997 benefits.
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NewsGovernment rejects pooling plans for ACCESS and Brunel
Two LGPS pools could be forced to merge with others after the government this week rejected their plans to comply with the chancellor’s “megafunds” objective.
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NewsDWP to consider changes to PPF levy [updated]
The next Pension Protection Fund (PPF) levy bill could be smaller or even zero, after the Department for Work and Pensions (DWP) agreed to consider changes to the levy rules.
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NewsMPs seek to force government’s hand on WASPI compensation
MPs have tabled a bill aimed at forcing the government to compensate women who were victims of maladministration related to the rise in the state pension age.
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NewsNo compensation for WASPI women, says government
The government will not pay any compensation to women born in the 1950s and affected by the rise in the state pension age.
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NewsWhat the government’s own numbers say about investing in private markets
Increasing pension schemes’ allocations to private markets may only boost pension pots by 2% at most, according to the government’s own analysis.
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NewsPensions minister targets growth, better retirement outcomes
The government’s extensive policy reforms anticipated in the Pension Schemes Bill will deliver “the growth the country needs and the security in retirement that savers deserve”, according to pensions minister Emma Reynolds.
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NewsChurch of England eyes CDC as consultation launches
The Church of England and TPT Retirement Solutions have expressed interest in the collective defined contribution (CDC) pension model after the government launched a consultation on a regulatory framework.
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NewsState pension triple lock could cost up to £45bn a year by 2050
As the Office for National Statistics prepares to release its estimate for average earnings growth, the Institute of Fiscal Studies (IFS) issues a warning over the cost of the triple lock to taxpayers.
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OpinionDecumulation: people need help to make choices
The DWP's consultation on pension choices needs to be clearer on what duties it will introduce and how they might work.
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NewsDecumulation call for evidence: Communication is key if scheme members are to be more informed
Industry says DWP call for evidence to help savers make informed decisions was overdue but more work is needed to communicate any enhanced options to members.
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NewsPensions, savings and inflation expected to be addressed in Chancellor's Autumn Statement
The government has confirmed this year’s Autumn Statement will take place on 22 November, and has pledged to halve inflation by the end of the year.
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NewsDWP’s DC retirement income consultation receives thumbs up from industry
There has been broad support for theDWP’s consultation on defined contribution (DC), or the so-called Mansion House reforms, particularly in relation to how savers access income in retirement.
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NewsThe next step towards a superfund regime
The Pensions Regulator (TPR) has published revised superfund guidance following government plans to legislate the consolidation schemes.