All Department for Work and Pensions (DWP) articles – Page 36
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OpinionHow bright is the future for AE – the DC Debate part 1
In the third DC Debate of 2016, seven defined contribution experts reveal their thoughts on automatic contribution increases, small businesses which mean business, and the possibility of Nest entering the decumulation market.
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News
Select committee seeks views on expanding regulator powers
The Work and Pensions Committee is to consider amending the powers of the Pensions Regulator and the make-up of the Pension Protection Fund as part of its ongoing inquiry into the Pension Protection Fund and the Pensions Regulator following the collapse of BHS.
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Opinion
No more short notice, please
The Pensions Management Institute’s Tim Middleton looks back at pension policy under the previous government, and reveals his thoughts on what the new government should do differently.
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FeaturesPlumbing scheme plans to seek guidance from Scottish courts as government drags feet on s75
Plumbing Pensions’ prolonged consultation with a departing employer over its exit fee has brought to light fundamental problems with section 75 debt legislation as it currently stands for non-associated multi-employer schemes.
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News
Altmann slams PPF cap change delays
If Baroness Ros Altmann was less outspoken on issues of reform during her stint as pensions minister, she is certainly making up for lost time, launching her fourth attack on government policy in almost as many days.
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Opinion
Dashboard, dashboard on the wall...
Editorial: I won’t mention the Department for Work and Pensions, the new cabinet or Ros Altmann, although there would be plenty to say about them. You can read it here.
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Opinion
Ros Altmann backs Waspi in stinging resignation letter
From the blog: The end of Ros Altmann’s tenure as pensions minister on Friday capped off a week in which print news seemed doomed to be out of date by the time it hit the shelves.
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NewsWebb: New face at DWP will not loosen Treasury's grip on pensions tax
Philip Hammond’s appointment as chancellor of the exchequer is unlikely to see the Department for Work and Pensions regain control of pensions reform, according to former pensions minister Steve Webb.
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News
DWP calls for evidence on Nest decumulation services
The Department for Work and Pensions has called for evidence on a proposal to allow Nest to provide decumulation services for its members, and to let it offer services to individuals, employers and other schemes.
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News
Finalised IORP II may not make it to UK after Brexit vote
A provisional final text of the EU’s revised Institutions for Occupational Retirement Provision directive was published last week, as the UK’s presumed exit from the bloc cast doubt over its implementation.
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OpinionTata, BHS and the rest
Editorial: From Port Talbot to London, defined benefit pensions have become the worry of the nation – probably rightly so.
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News
Proposed early exit charge cap gets mixed response
The Financial Conduct Authority yesterday proposed capping exit charges at 1 per cent of pot value for existing contracts, while banning them altogether for future contracts.
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News
Field’s proposal for scheme deficits bill raises pension cut fears
Former pensions minister Steve Webb has warned that a new bill proposed by Work and Pensions Committee chair Frank Field to deal with DB deficits – including by introducing flexible benefits – is a “worrying” development that could undermine people’s confidence in the pension system.
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Features
Will the BHS fallout ring alarm bells across the corporate sector?
FTSE companies come and go, but the failure of retailer British Home Stores a year after being sold for a pound is likely to become a watershed moment in UK pensions.
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News
Select committee flags Lisa as AE opt-out concern
A recent report from the Work and Pensions Committee has raised concern that the Lifetime Isa could lure people out of pensions, but the industry is divided over whether Lisas are a threat or potential boon for auto-enrolment.
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News
Queen's speech promises mastertrust regulation
Long-anticipated mastertrust legislation was announced in the Queen's speech this week, providing protection for consumers and increased powers for the Pensions Regulator, but details are still sparse.
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News
DWP launches online tracing site as demand booms
The Department for Work and Pensions has launched a new website for the government's pension tracing service, as the number of people seeking their deferred pots has ballooned over the past decade.
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NewsLGPS calls for details of government intervention
Local government pension experts have called on the government to give more details regarding controversial plans to introduce intervention powers for the secretary of state over investment decisions.
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News
BHS collapse raises questions for the regulator
The Pensions Regulator is investigating the BHS Pension Scheme as the sponsoring employer enters insolvency, but some experts queried why the regulator did not act sooner to secure the ailing scheme.
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Features
The push-me-pull-you: In which direction is UK retirement saving headed?
Analysis: The introduction of a workplace Isa, mooted in a new proposal this week, could present both the UK workforce and employers with a radical new alternative, but how can developments in government policy drive the sea change needed in the UK’s savings culture?