All Department for Work and Pensions (DWP) articles – Page 22
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News
5 million still at risk from scams, TPR warns
On the go: The Pensions Regulator has warned that as many as five million savers are still at risk from pension scams, as it renews its commitment to fighting fraudsters alongside the Financial Conduct Authority.
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News
MPs urge DWP to review scope and level of charges cap
The Work and Pensions Committee is ramping up the pressure on the government and the Financial Conduct Authority to cap the level of charges on default retirement products.
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News
Quarter of a million still inherit spouse's state pension via DWP loophole
On the go: A loophole means some spouses who outlive their partners are eligible to inherit some of their state pension, the Department for Work and Pensions has said, in a revelation that could boost many pensioners' income.
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News
Select committee presses govt on superfund commitment
On the go: The Work and Pensions Committee has voiced its concerns about the government allowing the creation of defined benefit superfunds in the absence of a dedicated regulatory regime.
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News
Lancashire council explores free transport for WASPI women
On the go: Lancashire County Council was urged to explore providing women affected by equalisation with concessionary travel on Thursday, as campaigners await the High Court’s judicial review of the government’s policy.
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OpinionGearing up for GMP equalisation
Sackers’ Joanna Smith sets out a helpful checklist for pension schemes to plan ahead of guaranteed minimum pension equalisation.
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News
Minister tells schemes to quicken transfer pace with PASA guidelines
Ten weeks should be the maximum time limit for defined benefit transfers, said industry-wide guidelines published on Monday by the Pensions Administration Standards Association.
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News
TPR publishes new DC investment guidance
On the go: The Pensions Regulator has updated its DC investment guidance to incorporate new regulations on environmental, social and governance risk coming into force from October 2019 and October 2020.
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FeaturesThe clear cost of investment
Obscuring investment costs is becoming a risky game for the asset management industry, and Dr Chris Sier knows it.
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News
PSIG calls on trustees to review procedures amid rise in scammers
The Pension Scams Industry Group exhorted trustees to review their scam prevention procedures on Tuesday, as pension fraud attempts continue to rise despite tightening government regulations.
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News
High Court reviews government handling of equalisation
On the go: Campaign group BackTo60 headed to the High Court on Wednesday for a judicial review into how the government implemented the state pension age rise for women.
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News
Govt admits its pension forecasts have ‘significant’ inaccuracies
Pensions minister Guy Opperman was forced to admit “significant” problems with inaccurate state pension forecasting on Tuesday, raising fears hundreds of thousands of pensioners could be paid less than forecast.
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News
AMNT blasts managers’ ‘blanket refusal’ to accept scheme voting policies
On the go: The Association of Member Nominated Trustees has lodged a formal complaint with the Financial Conduct Authority as asset managers of pooled funds, in almost a “blanket refusal”, are not accepting the stewardship voting policies of their pension scheme clients.
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OpinionMNTs need clarity on superfund regime to make transfers palatable
A lack of clarity on regulation and the need for protection against pushy employers means Association of Member Nominated Trustees members may well be reticent to sign off on superfund deals, writes the group’s co-chair David Weeks.
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News
Ex-energy secretary: Force divestment from companies flouting Paris accord
Former energy secretary Sir Ed Davey outlined his “radical but practical” vision to tackle climate change in Westminster on Wednesday, as cross-party pressure mounts on the government to take action.
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News
Templates launched to improve cost transparency in £2tn industry
On the go: The Cost Transparency Initiative has unveiled its templates and guidance for asset managers and suppliers of services to pension schemes, encouraging reporting of costs and charges in a standardised format so trustees can easily compare managers and asset classes.
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News
Tailored review recommends extending watchdog's powers
On the go: A review of the Pensions Regulator has recommended that the government consider extending the watchdog’s powers to enable them to make rules in specific circumstances.
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News
Nest seeks new third party administrator
On the go: Master trust Nest has invited bids to take over the administration of its 8m-member scheme from 2023, as regulations force the scheme to re-tender at the end of its current contract.
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NewsField blasts lack of support for plumbers faced with huge DB debts
The Work and Pensions Committee has warned the government that “much more needs to be done” to support small plumbing businesses being faced with potentially crippling debts to the industry’s multi-employer defined benefit scheme.
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OpinionIGC reports need to tell it like it is on value for money
Regulators are making welcome changes to the expectations of independent governance committees and the chair statements they publish, writes AgeWage’s Henry Tapper, but a more fundamental shift towards straight-talking is required to get members interested in reading them.