All Guy Opperman articles – Page 5
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Opperman urges pension schemes to share scam data
On the go: The minister for pensions and financial inclusion has urged pension schemes to share scam data with the Pension Scams Industry Group, with the goal to get a real coverage of the issue.
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NewsTPR’s criminal powers draft policy fails to repeal industry concerns
The Pensions Regulator’s draft guidance on its new criminal powers, published on Thursday, failed to allay fears about the new sanctions, since it will be able to prosecute anyone in connection with an offence and will no longer be bound by limitation periods.
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Opperman: Charge cap has room for illiquid investments
On the go: The pensions minister has suggested that defined contribution schemes currently have room to invest in illiquids within the charge cap.
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Climate change takes priority in government’s legislation
On the go: The minister for pensions and financial inclusion has laid out a plan for the upcoming secondary legislation following the Pension Schemes Act, giving priority to new climate change rules.
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NewsTPR criticised for year-long delay in collection of ESG statements
A Conservative peer and former pensions minister has hit out at delays in the Pensions Regulator’s efforts to police the content of pension schemes’ statements of investment principles.
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TPR urges DC schemes to pay more attention to climate change
On the go: The Pensions Regulator has warned the defined contribution market must pay more attention to both the risks and opportunities of climate change in investment strategies.
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New solution allows schemes to have voting rights on pooled funds
On the go: The Asset Management Exchange and asset manager DWS have created an investment solution that allows pension schemes to express their stewardship preferences in pooled funds.
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Opperman calls for HMRC to participate in scams task force
On the go: The minister for pensions and financial inclusion, Guy Opperman, has said he would like to see HM Revenue & Customs have a more active participation in combating pension scams.
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NewsUK schemes lobby ministers over climate ambitions
Some of the UK’s largest pension schemes have written to prime minister Boris Johnson and other senior politicians calling for strong action on climate change ahead of the COP26 conference in November.
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NewsDWP to ban flat fees for small pots
The Department for Work and Pensions is to ban the charging of flat fees on pension pots under £100 in an attempt to stop their erosion by charges and administration costs.
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Opperman guarantees none of TPR’s new powers will be retrospective
On the go: The minister for pensions and financial inclusion has guaranteed that the Pensions Regulator’s new criminal sanctions and information-gathering powers will not be applied retrospectively.
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Small pots report recommends member exchange trials
The pensions industry should begin work to facilitate mass exchanges of sub-scale defined contribution accounts, according to a government-commissioned working group looking to address the problem of small pots.
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NewsWeekly roundup: It’s not easy being Green
Welcome to Pensions Expert’s roundup of a week in which we bade farewell to a few of the high street’s better-known names, and the Pension Protection Fund brightened everyone’s mood with its new doomsday scenario.
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Opperman follows through on share-voting promise
On the go: The Department for Work and Pensions has launched a new working group to examine ways to give investors in pooled fund products greater influence in voting shares and securities owned on their behalf.
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MPs reject proposal to make schemes carbon neutral by 2050
On the go: MPs have rejected a measure that would see UK pension schemes being compelled to be carbon neutral by 2050, as it would lead to “negative outcomes”.
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Labour pushes climate change, superfunds, dashboard amendments
Senior Labour party figures including leader Keir Starmer have put their names to a series of amendments to the pension schemes bill, covering climate change targets, superfunds legislation and the pensions dashboards.
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MPs to pressure Opperman into commitment on scam ‘red flags’
Five members of parliament, including Work and Pensions Committee chair Stephen Timms, have tabled an amendment to the pension schemes bill designed to pressure pensions minister Guy Opperman into clarifying the government’s position on pension scams.
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Minister pledges more power for trustees to vote own shares
On the go: The minister for pensions and financial inclusion has endorsed a recommendation for the creation of a government-led working group to increase the power pension schemes have to direct engagement with investee companies on sustainability issues.
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Regulator urges sign-up to new anti-scam pledge
On the go: The Pensions Regulator has urged pension providers, trustees and administrators to sign up to a new pledge to protect members from the growing threat of scams.
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Open schemes predict £160bn liability hike with new TPR rules
On the go: Open defined benefit schemes could see their liabilities increase between £120bn and £160bn due to the new funding rules proposed by the Pensions Regulator.