All Department for Work and Pensions (DWP) articles – Page 27
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Features
Auto-enrolment: How are small and micro employers faring?
Analysis: When small and micro employers began auto-enrolling workers, it was unclear how they would react to the cost, administration and communication aspects of complying with the reforms.
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OpinionThe day that climate became mainstream
From the blog: Climate campaigners across the country spluttered into their morning cups of fair trade coffee last Tuesday as the Department for Work and Pensions and Financial Conduct Authority published their final responses to the Law Commission’s 2017 report on pensions and social investing.
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News
Government rejects calls for default decumulation pathways
The government has rejected the Work and Pensions Committee’s recommendation for default decumulation pathways, but has agreed that there is a strong case for pensions dashboard compulsion.
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News
Government sets out proposals for trustee ESG investment duties
Trustees will be expected to publish a statement on how they take account of scheme members’ ethical views, if proposed requirements floated in a government consultation are implemented.
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OpinionCDC ship has sailed for many employers
Collective defined contribution’s aim of providing a wage for life is laudable, writes Bravura Solutions’ Jonathan Wileman, but with the shift to DC already underway and savers keen on freedoms, its moment may have passed.
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News
Regulator sees merit in criminal sanctions for DB sponsors
The Pensions Regulator is prepared to deploy tough new powers promised by the Department for Work and Pensions’ defined benefit white paper, although it admitted that there will be a high bar for beginning any criminal proceedings against sponsoring employers.
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Opinion
DC Debate Q2: Deferred annuities, retirement expectations and more
Five defined contribution experts talk about deferred annuity products, retirement expectations, and how the industry is adapting to people’s changing work patterns.
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OpinionMistakes of annuity regime are being repeated
From the blog: The willingness of government and regulators to take a pragmatic approach to so-called pensions freedom will be tested over the next few weeks.
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News
Time running out for DWP to book 2019 bills, Webb warns
The Department for Work and Pensions is at risk of running out of time to pass key aspects of its pensions policy agenda in 2019 due to the impact of Brexit and several measures yet to even reach a consultation stage, according to former pensions minister Sir Steve Webb.
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News
PPF chief hints at closing superfunds’ regulatory advantage
Consolidation vehicles hoping to hoover up assets from deficit-weary employers could see their prices forced upwards by tough levy requirements and insurance-style protections, the chief executive of the Pension Protection Fund has said.
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News
Guy Opperman outlines hopes to harness fintech
Pensions and financial inclusion minister Guy Opperman says he hopes to harness fintech to boost saving for the self-employed, while aiming to bring in legislation for defined benefit regulation next year.
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OpinionDashboard and AE improvements can cement Opperman’s legacy
It has been a busy first year for Guy Opperman, with some significant steps forward for auto-enrolment announced in last year’s review, the adoption of much-needed mastertrust and bulk transfers regulation, and the smooth roll-out of minimum contribution increases.
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NewsS&N scheme to review impact of pubs takeover
Trustees of the Scottish & Newcastle Pension Plan will be assessing the impact of a recent corporate acquisition made by the pension scheme’s parent company Heineken UK, as part of a full covenant review this year.
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NewsRegulator rebuked for 'feeble' response to Carillion underfunding
Carillion’s corporate culture was at the heart of the contractor’s collapse, MPs have concluded, but the Pensions Regulator has also come under fire for “failing in all its objectives” regarding the company’s pension funds.
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News
Report urges pensions overhaul to fix intergenerational unfairness
The UK’s intergenerational contract is under more strain than ever, and radical reforms are needed to secure the funding of increasing care costs while helping young people to save, according to Conservative peer Lord Willetts.
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OpinionExpect as few as 15 master trusts within five years
Uncertainty and market jostling will greet the enforcement of the master trust authorisation regime in October, but the end result should benefit members, according to Stephen Coates at JLT Employee Benefits.
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NewsCoats proposes merger of its UK DB schemes
Industrial thread manufacturer Coats has proposed a merger of its three UK defined benefit pension schemes to cut costs and increase efficiency.
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News
Opperman tells insurers to do more for savers
Pensions and financial inclusion minister Guy Opperman has urged insurers to deliver the products and processes the market is often criticised for lacking, and to defend the pension freedoms policy.
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OpinionScrap the cap? PPF rules challenged at CJEU
It will be interesting to see if the Pension Protection Fund compensation cap survives the impending Court of Justice of the European Union’s decision in the case of Grenville Hampshire v The Board of the Pension Protection Fund, writes Aries Insight’s Ian Neale.
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OpinionWorking for the future of savers and pensions
Pensions Expert readers know, better than most, just how complex pensions policy can be and just how much change there has been over the past five years.