On the go: Labour’s shadow secretary of state for work and pensions, Jonathan Ashworth, has accused the government of breaking with pensions “consensus” and undermining workers’ protection with its planned pension reforms.

The government has said it will “take time to consider” industry concerns around its proposals to exclude performance fees from the charge cap, and has launched a combined consultation into other ways in which to encourage defined contribution schemes to invest in illiquid assets.

On the go: Asset managers charging lower fees for global active equity funds often deliver better value for money, but the fees collected differ greatly from those presented in the public domain, according to a report from ClearGlass Analytics.

On the go: Industry commentators are asking whether the Pensions Regulator’s new notifiable events regime might be delayed, as the government has yet to respond to last year’s consultation into the expansion of the regulator’s powers.

On the go: The Pensions Administration and Standards Association has launched guidance tacking frequently asked questions around guaranteed minimum pension equalisation, including tax implications, death benefits, commutation, and the ‘look-back’ approach for crossover members.

On the go: Pensions minister Guy Opperman has called on the industry to work with government on expanding the nascent collective defined contribution market, though experts have previously warned that draft regulations are too strict to allow for real growth in the sector.

NatWest Group has paid £427mn into its pension scheme as the result of an off-market purchase of ordinary shares from HM Treasury, which saw the government’s stake in the banking group drop beneath 50 per cent for the first time since the 2008 financial crash.

A ‘quirk’ in the way teachers’ pensions are calculated could mean some teachers stand to suffer an extra loss as a result of the public sector pay freeze, as pension calculations normally triggered by a change in earnings have not occurred.

On the go: Two-thirds of university staff could quit the higher education sector altogether over mounting dissatisfaction with pay, pensions and working conditions, the University and College Union has warned, as it calls for the Education Select Committee to set up an inquiry into staff welfare.

The Pensions Regulator’s draft code of practice for collective defined contribution schemes is unnecessarily strict and risks severely hampering growth in the sector, industry bodies have warned.