All Department for Work and Pensions (DWP) articles – Page 31
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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.
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OpinionPoliticians should keep the faith in inertia
A whistle-stop roundup of pensions at the political parties’ annual conferences and a recommendation to stick with the power of inertia for the self-employed, courtesy of Broadstone’s David Brooks.
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News
Auto-enrolment strikes a chord with small businesses
Small and micro employers are finding auto-enrolment less costly and time-consuming than they had anticipated, research by the Department for Work and Pensions has found.
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NewsHPE pensioners to bring inflation-proofing dispute before MPs
Pensioners of Hewlett Packard Enterprise are lobbying the government to force their former employer to provide inflation protection for pension rights built up before 1997, and have gained cross-party support for legislation.
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News
PLSA proposals welcomed but superfunds still ‘a step too far’
The Pensions and Lifetime Savings Association's DB Taskforce has published its final report, providing further details on the creation of superfunds, while highlighting how benefit simplification and a new chair’s statement for defined benefit scheme trustees could increase efficiency.
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Features
Wholesale changes to rules are needed to enable DB consolidation
Pensions Expert 20th Anniversary: Amalgamating defined benefit corporate pension funds could reduce costs, improve investment and make for better governance, but it is still unclear whether full DB consolidation is a chimera or the fix to a fragmented system.
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News
Select committee probes pension freedoms as concerns grow
The Work and Pensions Committee is launching a new inquiry into the pension freedom reforms, asking whether changes are required to better achieve the policy’s objectives.
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Features
How to make sure a scheme merger runs smoothly
Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.
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News
Government reaffirms commitment to cold-calling ban
The government has announced that it will introduce its long-promised ban on pensions cold calling “when parliamentary time allows”, putting to bed concerns that a second consultation would further delay the legislation.
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OpinionA pensions system to support everyone
Having spent nearly three months as the minister for pensions and financial inclusion, I have been struck by how much we have recently achieved to help the public to think more smartly about retirement, but also the challenges we must face in improving our pensions saving system.
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NewstPR greenlights British Steel RAA
The Pensions Regulator has granted initial approval for the restructuring of the British Steel Pension Scheme, which will see members offered revised benefits at a level above those provided by the Pension Protection Fund.
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News
Experts fear further delays to cold-calling ban
As the industry awaits the government response to its consultation on a pensions cold-calling plan, there are increased concerns over further delays to protecting the public from scammers.
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FeaturesCYBG scheme closure highlights industry's 10-year funding headache
Banking group CYBG has closed its defined benefit pension scheme to future accrual, wiping £131m from its liabilities and avoiding increased contributions amid worsening market conditions.