All Department for Work and Pensions (DWP) articles – Page 21
-
News
Fewer than a quarter of construction workers auto-enrolled
On the go: Fewer than a quarter (23 per cent) of blue-collar construction workers are participating in a workplace pension, according to new figures from the Department for Work and Pensions.
-
News
Schemes hit back at DWP’s levy ‘knee-jerk solutions’
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.
-
News
OECD: One in three workers risks falling through the pension cracks
Pensions provision has not caught up with the 21st century phenomenon of the non-standard worker, as this type of employment now accounts for one in three jobs in OECD countries, a new report has revealed.
-
News
Ombudsman: DWP failed to explain GMP downgrade to members
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 Services Ombudsman has concluded.
-
News
New govt urged to find solutions for self-employed
On the go: The Association of Independent Professionals and the Self-Employed has called on the new government to update the long-term savings environment to better provide for entrepreneurs.
-
NewsTrustees’ retort to minister’s ‘just switch’ ESG comments
An industry body representing trustees says market failures are preventing it from meeting the pensions and financial inclusion minister’s call to sack managers who refuse to implement voting policies, but cautiously welcomes the introduction of a new stewardship code.
-
OpinionElection policies we need but probably won’t get
With the next general election less than five weeks away, the main political parties are busily drawing up their policy pledges to win over voters.
-
News
Minister presses ahead on simpler statements
On the go: The Department for Work and Pensions is consulting on measures to hasten the adoption of two-page simplified pension statements, in response to sluggish uptake from the industry.
-
News
Workers must save quarter of income for ‘moderate’ retirement lifestyle
On the go: UK savers need to save at least £800 a month to achieve the moderate living standard outlined by the Pensions and Lifetime Savings Association, research by the Institute and Faculty of Actuaries has found.
-
News
DWP proposes levy rise for pension schemes
On the go: The Department for Work and Pensions sought feedback from the pensions industry on Friday ahead of its proposed increase to the general levy paid by pension schemes.
-
News
10k-20k-30k: PLSA launches new retirement living standards
On the go: The Pensions and Lifetime Savings Association has launched its retirement living standards, an attempt to translate savings targets into a description of the quality of life they will actually enjoy in later life.
-
News
Pension schemes bill overshadowed by Brexit
A pension schemes bill has been included in the Queen’s Speech as expected, but critics say the government’s Brexit headaches and lack of majority mean it is little more than a manifesto pledge.
-
OpinionIgnore ESG risks at your peril
Last week this government’s new environmental, social and governance regulations came into force.
-
News
Self-employed want help with long-term finances, study finds
An investigation into the saving habits of the self-employed has found that entrepreneurs want help to save for the long term, but are put off by the inflexibility and specific goal of pensions.
-
News
Opperman pushes 50 largest funds to lead way on climate change
On the go: Pensions and financial inclusion minister Guy Opperman has written to the largest pension funds in the UK, reminding them to pull their weight in the fight against climate change.
-
OpinionIt is time for the industry to face up to its data problems
Poor record-keeping has long been the elephant in the room in the pensions sector.
-
NewsField sounds alarm over unregulated DB superfunds
The chair of the Work and Pensions Committee has warned that the government may be putting retirements at risk if it does not bring forward legislation to regulate defined benefit superfunds.
-
News
Nine out of 10 trustees ready for new SRI regime
On the go: Trustees are universally well prepared for the new responsible investment regulations that come into force on October 1, with an astonishing 96 per cent saying they are up to speed.
-
News
Thérèse Coffey new DWP secretary after Rudd’s Brexit exit
On the go: Suffolk Coastal MP Thérèse Coffey will take over as secretary of state for work and pensions, the government announced on Sunday, after Amber Rudd quit the role over Boris Johnson’s handling of Brexit.
-
News
Funding for school pension costs rises to £1.5bn
On the go:The government has promised to compensate some public sector pensions' increased employer contribution costs, but other pensions spending was unmentioned.