All Department for Work and Pensions (DWP) articles – Page 39
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Opinion
Is Labour right to argue for extending auto-enrolment to 1.5m lower earners?
In the latest edition of Informed Comment, the Pensions Management Institute’s Tim Middleton discusses proposed changes to the auto-enrolment threshold.
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Features
Cambridgeshire fund tightens payment reporting ahead of regulatory changes
Cambridgeshire County Council Pension Fund has mandated its largest participating employer to detail member contributions, in order to more effectively monitor late payments to the scheme as new reporting requirements come into play.
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News
ABI wants second line of defence on guidance for retirees
The Association of British Insurers has called for a second line of defence for people who do not take up guidance, to ensure they are buying an appropriate product at retirement.
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News
How lifting Nest restrictions could affect the market
The lifting of restrictions on contributions and transfers to state-backed mastertrust Nest will make it more compelling for employers, but a rival mastertrust has called for oversight of its funding arrangements.
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Features
Xerox to protect repayment power amid legal uncertainty
Xerox Final Salary Pension Scheme is planning a resolution allowing it to continue to make repayments to its sponsor, but legal experts are split on whether such a move is necessary or will even be effective.
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Opinion
Where do we stand on pot-follows-member after the Budget?
Aon Hewitt’s Geraldine Brassett in this edition of Technical Comment discusses the prospects for the government’s small pension pot consolidation reform following the historic Budget changes, and how the scheme could work.
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Opinion
Checking the price tag: evaluating the charges obsession
Data analysis: The Budget reforms signal an age of greater plurality in retirement possibilities for members.
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News
Fifth of smaller employers failing to prepare for AE
One in five small businesses are not currently preparing for auto-enrolment, research has shown, as concern grows around smaller employers’ ability to comply with the legislation.
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News
Override sought ahead of state pension reforms
Legal experts have called for a statutory override in scheme rules to avoid members getting more benefits than originally intended from bridging pensions, as the industry approaches the switch to a single-tier state pension in 2016.
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NewsAMNT: Oz-style 'supers' could emerge from latest UK reforms
The Association of Member Nominated Trustees has said ‘to-and-through’ retirement options could pave the way for Australian-style superannuation schemes, if employers are willing to take on any additional governance burden that a post-retirement commitment could create.
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News
Collective schemes to be enforced by valuation and reporting framework
Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.
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News
Transfer industry: pot-follows-member transfers can cost just £1
Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.
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News
Webb seeks to alleviate scheme guidance concerns
Pensions minister Steve Webb has tried to assuage the concerns of defined contribution schemes by implying the guaranteed retirement guidance could be delivered in less intensive ways than face-to-face meetings.
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Features
Employers ensure AMD ban does not drive up active member fees
Employers have managed to keep active scheme member fees steady while scrapping higher charges for deferred members, after one provider agreed to swallow the cost of next year’s ban.
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News
Low-cost passive DC loses ground as schemes seek ‘smoothed’ returns
The number of FTSE 100 trust-based defined contribution schemes using lower-cost, fully passive management for their default options has dropped by almost a half as diversified growth funds become more popular, research has found.
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Opinion
Webb: tide finally turning on retirement saving
Figures released last week from the Office for National Statistics indicate that after decades of decline, the tide is finally turning and people are embracing pension saving.
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Opinion
Regulator: our call to AE action
Talking head: The Pensions Regulator’s Charles Counsell urges smaller employers not to leave their auto-enrolment obligations to the last minute, saying now is “no time for complacency”.
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NewsOnly a third of workers alerted to AE by employer
Data analysis: Nearly two-thirds of workers heard about auto-enrolment through the media rather than from their workplace, sparking concerns that employers are not playing a strong enough role in communicating the reform.
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News
Civil partner rule uncertainty poses questions for trustees
Schemes may want to consider holding off adjusting their spousal benefits, after a tribunal overturned a previous ruling that deemed entitlements should take into account membership pre-dating the Civil Partnership Act 2004.
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Opinion
Exploring the impact of the government’s ‘money purchase’ change
Sacker’s Zoë Lynch assesses the impact of the change to the definition of money purchase on schemes in this week’s edition of Technical Comment.