Latest articles from Benjamin Mercer

Govt to change civil servants’ early pensions access

Luke MacGregor/Bloomberg

The government has proposed to change the rules around early access to pensions in the civil service, tracking 10 years behind state pension age, according to a new consultation over reforms to the Civil Service Compensation Scheme.

MaPS unclear on origin for half of amber flag scam warnings

News on the go

On the go: Nearly half (44 per cent) of scam guidance sessions in the past three months have been triggered despite the Money and Pensions Service not knowing why the amber flag was raised to begin with, according to data obtained via freedom of information act request by Quilter.

FBU receives more than 750 ‘immediate detriment’ claims

News on the go

On the go: The Fire Brigades Union has received more than 750 ‘immediate detriment’ claims since June 6, despite being told by the Fire Chiefs’ Council that it should hold off applying immediate detriment until legislation is introduced next year.

Govt rejects appeal to make NHS scheme tax-unregistered

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The government has rejected a petition to make the NHS pension scheme tax-unregistered, arguing that the loss of tax-relief and lump sums “would not benefit the vast majority of members”.

Weekly Roundup: The scheme design from hell

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This week – Capita fined, missing records at Jaguar Land Rover and Mercer, another NHS crisis, and a crackdown on exit fees in the public sector.

Schemes struggle to educate members amid cost of living crisis

Podcasts

Podcast: Society of Pensions Professionals president Steve Hitchiner is joined by AgeWage chief executive Henry Tapper, founder of the Pension Playpen, to discuss recession fears, consumer protection for dashboards and expanding long-term asset funds.

Calls for stewardship code to engage members as well as managers

News on the go

On the go: The Financial Reporting Council’s stewardship code must “look both ways” and engage members as well as asset managers in developing guidance and standards, according to fintech company Tumelo.

Cornish housing association pilots ‘living pension’

News on the go

On the go: A Cornish housing association is piloting a ‘living pension’ scheme for its employees, building on research that suggests some savers’ pension contributions will need to rise to more than double their current rate.

Public sector retirees face higher exit payment scrutiny

HM treasury logo (teaser)

Substantial exit payments resulting from pension strain arrangements in the public sector will likely see people nearing retirement having their cases referred to HM Treasury, under a proposed new regime.

Scams action group gets six-figure budget to tackle fraud

News on the go

On the go: The Pension Scams Action Group, a renamed and revamped Project Bloom, is to get a six-figure budget to tackle scams across the next year, with the prospect of more to come.