All Department for Work and Pensions (DWP) articles – Page 14
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News
DWP loses court battle on PPF cap
The Department for Work and Pensions has seen its appeal on the Pension Protection Fund cap, previously considered discriminatory by the High Court, dismissed by the Court of Appeal, which means the pensions lifeboat will have to alter its benefits structure.
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NewsTPR kick-starts 8-week climate risk guidance consultation
On the go: The Pensions Regulator announced on Monday the launch of a consultation to help shape guidance for trustees to meet tougher climate change governance standards.
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NewsNAO launches investigation into underpaid state pensions
On the go: The National Audit Office is to investigate the issue of underpayments of the state pension to women, looking at how it happened and what is being done to resolve it.
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NewsHymans warns over statement timescales as DWP consultation closes
On the go: As the Department for Work and Pensions closes its consultation on simpler annual benefit statements on Tuesday, investment consultancy Hymans Robertson has called for more time to implement the changes.
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NewsESG ramps up in importance for trustee boards
On the go: Environmental, social and governance factors are a hot topic for trustees, with 53 per cent of trustee boards considering it an important agenda topic, new research has shown.
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News
FCA sets out climate-related disclosure rules
The City watchdog is looking to introduce climate-related financial disclosure rules for pension providers, asset managers and life insurers, in a move that will see it align with government action in this area.
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NewsDB pension scam warnings hit 5-month high
On the go: Defined benefit pension scam warnings increased in May to their highest level in five months, according to research from XPS Pensions.
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NewsThird of high-risk DB transfers would pass new scam test
On the go: One in three high-risk defined benefit transfers would not be flagged under new scam rules proposed by the government, according to research from XPS Pensions Group.
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NewsACA calls for more time to comply with pension scams rules
On the go: The Association of Consulting Actuaries has said administrators and trustees will need more time to comply with new pension scam rules being introduced by the government.
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NewsPreliminary findings show govt failings on state pension age changes
On the go: Women born in the 1950s suffered delays of more than two years in being informed about rises in their state pension age due to government maladministration, according to preliminary findings by the Parliamentary and Health Service Ombudsman.
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News
Industry bodies warn of 'consultation fatigue'
A number of industry bodies are concerned about “fatigue” from a deluge of consultations, Pensions Expert can reveal, warning that the sheer number of responses required, coupled with the short time-frames in which to prepare them, risks overwhelming their ability to respond properly.
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NewsMaster trusts to pave the way for dashboards integration in 2023
Master trusts and pension providers regulated by the Financial Conduct Authority will be the first schemes to provide data for the pensions dashboards in 2023, according to a new call for input published on Thursday.
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NewsTwo-thirds of schemes to increase allocation to social investments
On the go: Sixty-six per cent of pension schemes expect to increase their allocation to social investment passive funds over the next three years, new research has shown.
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NewsDWP DC single charging structure to bring headaches for master trusts
The Department for Work and Pensions is considering introducing a universal charging structure for the default funds in defined contribution schemes. The move was welcomed for the clarity it might give to DC savers, but experts have warned of the problems it would cause master trusts like Nest.
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NewsPPF could receive DWP loan for Fraud Compensation Fund
On the go: A bill has been introduced to parliament that will enable the Pension Protection Fund to receive a loan from the Department for Work and Pensions in order to make fraud compensation payments.
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NewsDC schemes to send two-page ‘simpler statements’ in 2022
The Department for Work and Pensions is consulting on regulations that would see schemes required to send simpler annual benefit statements to their members from April next year.
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NewsMPs urged to tweak 25% tax-free cash rules
On the go: Pensions consultancy LCP has proposed new rules that would allow pension savers to access tax-free cash at a normal minimum pension age while leaving the remaining balance behind.
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OpinionNow is the time for schemes to turn attention to social risk factors
The pandemic has turned the attention of many, including pension funds, to social factors, but there are more challenging issues for trustees to address, writes Lauren Wilkinson, senior policy researcher at the Pensions Policy Institute.
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NewsDWP to consult on dashboards’ draft regulations in December
The Department for Work and Pensions will be launching a consultation on the pensions dashboards’ draft regulations, which will include rules on the different stages pension schemes will need to start sharing their data to be included in the project.
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NewsSarah Smart appointed permanent chair at the Pensions Regulator
On the go: The Department for Work and Pensions has confirmed the appointment of Sarah Smart as permanent chair of the Pensions Regulator.