All Department for Work and Pensions (DWP) articles – Page 25
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News
Fairs: Commercial consolidators pose new challenges for regulator
The Pensions Regulator has stated its support for the introduction of defined benefit consolidators, but is still grappling with key risks and challenges including the timing of necessary legislation and the impact consolidators may have on the marketplace.
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NewsOpperman aims for bumper summer pensions bill
The minister for pensions and financial inclusion, Guy Opperman, has stated his intention to deliver a “very substantial” bill addressing multiple areas of pensions regulation in the summer of 2019.
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Government to legislate for CDC
The Work and Pensions Committee has published a letter from Guy Opperman, minister for pensions and financial inclusion, which indicates the government’s intention to lay primary and secondary legislation for collective defined contribution schemes.
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News
PPF to top up pensions to 50% ahead of legislation
On the go: The Pension Protection Fund is to begin topping up the benefits of members whose compensation has fallen below half of their original entitlement “as quickly as possible”, after a European court found its current payment structure unlawful.
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News
Master trust members unfazed by AE increases
Savers auto-enrolled into a pension scheme are not dropping out of their plan any faster when nudged toward saving more money each month, according to the Pensions and Lifetime Savings Association.
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OpinionWhy ESG is not a flash in the pan
With interventions from government putting increased pressure on schemes to consider environmental, social and governance factors, trustees must not dismiss ESG as a fad, says Redington’s Lydia Fearn.
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News
How open banking can help pensions
The pensions industry is on the cusp of its own 'open banking'-style revolution in the way that consumers interact with their finances and manage their pensions, according to experts.
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OpinionLooking ahead for pensions
Helping individuals engage with their pensions more easily will help the industry attract new savers, ensuring even more people are preparing for later life, says Guy Opperman, minister for pensions and financial inclusion.
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OpinionWhat might the govt’s regime for commercial consolidators entail?
Since the Department for Work and Pensions published its white paper on defined benefit sustainability, two DB commercial consolidators have emerged. Paul McGlone, president of the Society of Pension Professionals and partner at Aon, discusses what the government’s authorisation and supervision process for commercial consolidation might look like.
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OpinionPensions at the party political conferences
Aegon’s Kate Smith explores the pensions policies hidden in the three main parties’ agendas, and explains why Brexit pressures mean few of them are likely to see the light of day.
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News
More than 40 schemes in talks with Clara
Commercial consolidator Clara Pensions has entered into talks with more than 40 defined benefit pension schemes regarding potential transfers into the superfund, management has revealed.
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OpinionIt's not easy being green
Editorial: These days it is hard to deny that climate change is a material risk to a wide range of investments.
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News
Opperman's consumer choice AE meeting draws ire of industry
Workplace pension providers and advisers have expressed fury at reports that minister for pensions and financial inclusion Guy Opperman will attend a meeting to discuss letting members choose their auto-enrolment provider.
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FeaturesIslington scheme to wind down carbon investment
The London Borough of Islington Pension Fund has agreed to reduce its investment in fossil fuels, following lobbying efforts from local environmental activist group Fossil Free Islington.
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PodcastsPodcast: How should trustees be monitoring their employer covenant?
Podcast: Over the last few years, headlines highlighting several high-profile defined benefit pension cases have hammered home the importance of having a strong covenant. Mark Evans, director at Independent Trustee Services, and Adolfo Aponte, director at covenant specialists Lincoln Pensions, explain how trustees can keep tabs on their employer.
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OpinionRegulation must adapt to protect members in consolidation deals
Darren Redmayne from Lincoln Pensions outlines the regulatory and guidance framework that could help facilitate safe transfers to commercial consolidators, and the steps defined benefit trustees might take in the interim.
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OpinionSin stocks under scrutiny
Editorial: Responsible investment campaigners notched a significant win last week, with the government publishing long-awaited regulations on environmental, social and governance disclosures.
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News
More sponsors in talks with government over CDC
A handful of corporate entities have held exploratory discussions with the Department for Work and Pensions on collective defined contribution schemes, according to DWP defined benefit strategy team leader Julian Barker.
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News
Willetts: Tax pensioners more to stem potential opt-out rise
National insurance contributions from pensioners’ income could be used to stem opt-outs resulting from increased contributions under auto-enrolment, an influential Conservative peer has suggested.
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NewsDWP scraps plans for schemes to check members’ ethical views
Controversial plans by the government to force trustees to outline how they have taken members’ ethical views into account in their investment strategies have been scrapped, it was revealed on Monday.