Latest articles from Benjamin Mercer

DWP spends £13mn in arrears to FAS members due to court cases

iStock/Royalty Free

The Department for Work and Pensions is estimating a total cost of £13mn in arrears paid to Financial Assistance Scheme members due to the implementation of recent court cases, its annual report and accounts have revealed.

MP calls for inquiry into war pension claims process

Leon Neal/Getty Images

An MP has called for an inquiry into alleged failings by the War Pension Scheme and the Armed Forces Compensation Scheme, asking whether the claims process for injured veterans is fit for purpose.

Nest vows to improve gender and ethnicity pay gaps

News on the go

On the go: Nest has outlined a path to closing the gender and ethnicity pay gaps following the release of two years’ worth of equality and inclusion data.

Cost of living crisis makes AE expansion unwise

Chris Ratcliffe/Bloomberg

Expanding auto-enrolment during a cost of living crisis would significantly undermine retirement resilience, with low-income earners seeing their surplus income decrease by almost a quarter, according to a new report from Hargreaves Lansdown.

Weekly Roundup: Carry on, prime minister

Carlos Jasso/AFP/Getty Images

This week – the pensions industry is left in a ‘tizz’ following minister’s resignation, the DWP fails to end the ‘war’ between PensionBee and pension providers, FBU and BMA granted permission to challenge government over McCloud remedy costs, and the regulator strives to give gig economy workers access to pensions.

Almost one in 10 cut contributions amid cost of living crisis

News on the go

On the go: Almost one in 10 people (7 per cent) are planning to reduce their workplace pension contributions as the cost of living crisis continues to escalate, according to research from Barnett Waddingham.

90% of savers would use digital pensions dashboard

News on the go

On the go: Nine in 10 savers would use a digital pensions dashboard if it gave them a consolidated view of their pensions, savings and investments, according to a new report from The Investing and Saving Alliance and EY.

Opperman rebuffs Timms’ FAS criticism

News on the go

On the go: Prior to his resignation, pensions minister Guy Opperman rejected Work and Pensions Committee chair Sir Stephen Timms’ criticisms over the Financial Assistance Scheme compensation cap.

Government resignations throw pensions into ‘turmoil’

Decisiveimages/iStock

Collapsing scenery in and around Downing Street has sparked fear in the pensions industry, as the resignation of pensions minister Guy Opperman brings important reforms to a halt.

DWP fails to end transfer ‘war’ between PensionBee and providers

Umkehrer/iStock

Attempts by the Department for Work and Pensions and the Pensions Regulator to clarify the intent behind rules governing pension transfers have failed to settle the matter between PensionBee and providers it accused of wrongdoing, as critics say intent does not trump law.