All Department for Work and Pensions (DWP) articles – Page 30
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OpinionDashboard: Timing, compulsion and engagement are crucial
From the blog: People have, on average, 11 different pension pots over the course of their lifetime, making it a near-impossible task to keep track of them.
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News
TPR gets stronger, the government weaker: Top 5 law and regulation stories from 2017
Year in review: If the UK government’s all-consuming struggle to strike a beneficial Brexit deal can bring any relief to pensions professionals, it is that departments have not had time for the pensions tinkering so despised by the industry.
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OpinionAE review should silence doom-mongers
Standard Life’s Jamie Jenkins, a chair of the external advisory group of the automatic enrolment review 2017, says its package of proposed reforms will make meaningful changes to the savings landscape, while allowing time to monitor the success of contribution uplifts.
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News
Govt 'minded' to introduce mandatory trustee ESG statements
The government is to consult on whether trustees should be required to state their policies on sustainability, member concerns and stewardship, and will clarify current legislation as part of a wider push to increase pension investment in social and illiquid assets.
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News
AE review: Welcome reforms not due until mid-2020s
The government will introduce a package of measures to address issues with auto-enrolment, but questions remain over multiple jobholders and the self-employed, while the timescale has drawn criticism.
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Features
CPI, admin and Mums: Top 5 DB and derisking stories from 2017
Year in review: Funding and liability management took centre stage during 2017, as the debate over defined benefit pension scheme sustainability and member protection ramped up.
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Opinion
Industry is divided over Royal Mail's CDC proposal
Pressure is mounting on the Department for Work and Pensions to lay regulations for collective defined contribution, after mediation between Royal Mail and the Communication Workers Union recommended lobbying government to facilitate their creation of a CDC scheme.
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OpinionSupporting consumers and the industry
Following years of reform and bold new policy it is right that we now enter a period of stability and implementation, building on our success and consolidating support for consumers and the industry where it is needed.
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FeaturesMNOPF steers towards buy-in and DC merger
As derisking plans accelerate and sponsors seek to reduce the volatility of defined benefit scheme deficits, buy-ins are becoming increasingly attractive.
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News
New regime could reduce number of mastertrusts by a third
The government has set out draft regulations for defined contribution mastertrusts, estimating that the rules will cut the number of mastertrusts to about 56 from currently 87.
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NewsGovt to ban cold calls before 2020, but questions remain
The government is aiming to introduce a cold-calling ban before 2020 and has opposed the idea of compulsory guidance, as the Work and Pensions Committee continues to probe officials as part of its wide-ranging inquiry into pensions freedoms.
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OpinionMaster trust consolidation – at what cost?
Regulators should be wary of an overzealous insistence on consolidation to a specific number of mastertrusts, and must focus instead of clearly defined standards of governance, writes Colin Richardson from professional trustee company PTL.
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OpinionDB white paper must refocus system on providing benefits
Redington’s Dan Mikulskis lays out his wishlist for the upcoming defined benefit white paper, including increased powers for the Pensions Regulator and a rethink of regulated apportionment arrangements.
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OpinionWhen mentoring matters
Any Other Business: Mentoring is fast becoming a must-have in any HR toolbox, but care is needed to avoid leaving mentee and mentor disappointed.
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OpinionAre we making enough progress on transparency?
Transparency has become a buzzword in the industry, but we don’t always mean the same thing when we talk about it.
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News
DWP draft regulations to open up DC consolidation
The Department for Work and Pensions has attempted to smooth the path towards consolidation of defined contribution arrangements with draft regulations published on Thursday.
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News
DC schemes to give members cost information online only
Defined contribution schemes should disclose costs and charges to members by signposting a link in their annual benefit statement, the Department for Work and Pensions has proposed, as the industry agrees communications need to be kept simple.
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OpinionA busy pensions agenda
Editorial: News that the pensions dashboard will be taken forward by the Department for Work and Pensions has been welcomed by the pensions industry.
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NewsOpperman discloses timetable until spring
PLSA Annual Conference 2017: Pensions minister Guy Opperman provided some clarity on timescales for the dashboard and progress on the creation of a single financial guidance body in a speech at the Pensions and Lifetime Savings Association’s annual conference.
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NewsAE review: Consensus on solutions is still lacking
PLSA Annual Conference 2017:Despite unanimity on the need to increase coverage and boost contributions, there is still a distinct lack of consensus on exactly how to address these issues, according to independent advisers on the government’s auto-enrolment review.