The Work and Pensions Select Committee has been asked to launch a fresh inquiry into charges levied on pension savings, as campaigners warned price inefficiencies reach far beyond investment costs.
Latest articles from Angus Peters
The Work and Pensions Select Committee has been asked to launch a fresh inquiry into charges levied on pension savings, as campaigners warned price inefficiencies reach far beyond investment costs.
Telegraph Media Group has welcomed the downside protection brought in by the addition of smart beta to its default defined contribution target date funds, despite concerns over hidden dangers within the investment style.
The Babcock International Group Pension Scheme is moving its communications online in an attempt to cut costs, boost efficiency and better reflect the preferences of members.
The Royal County of Berkshire Pension Fund saved an estimated 604.1 hours of administrative work over six months, and ended its struggles with updating member data by introducing an automated data exchange.
Royal Mail Group has begun consulting with active members on closing its section of the Royal Mail Pension Plan, spurring the threat of industrial action from unions if the sponsor does not react positively to their concerns.
Defined benefit deficits worsened during December to an aggregate IAS 19 deficit of £434bn, as experts added an uptick in inflation to their concerns for pension funds over the course of 2017.
From the blog: The run up to Christmas saw a flurry of political activity to cap off what has been an exhausting year, with two separate Department for Work and Pensions consultation launches complemented by the Work and Pensions Select Committee’s report on defined benefit.
Indeed, a cursory glance at the DWP’s website reveals that there have been almost twice as many pension consultation announcements released over the year than the pre-2016 average.
Plenty of stories to keep financial journalists busy then, but are schemes able to keep up with the sheer pace of legislative review and change?
The Work and Pensions Select Committee has called for “nuclear deterrent” fines – tripling the amount currently payable – to be levied against employers seen to be shirking pension responsibilities, in its report into defined benefit pensions.
Year in review: As if Brexit didn’t pose enough challenges, regulators, lawyers and two successive pensions ministers have had a lot on their plate in 2016.
The Department for Work and Pensions has announced the scope of its 2017 review of auto-enrolment, including a reconsideration of the charge cap on defined contribution default funds.
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