The regulator has called for everyone in the pensions sector to think about “their own role in making [industry] reforms a success”, in the wake of the publication of the Pension Schemes Bill.
In light of the Pension Schemes Bill, the Pensions Regulator has emphasised the need for trustees and the rest of the industry to “adapt and evolve” to better serve members and savers.
The government has included a controversial ‘backstop’ power in the Pension Schemes Bill to allow it to mandate specific asset allocations - but the pensions minister is adamant that there is no intention to use it.
The DWP has said the government will legislate to address the issues posed by the Virgin Media-NTL case and allow for retrospective actuarial approval to be given to historic amendments.
Pensions Expert rounds up views from experts across the industry as the government introduces its much-anticipated Pension Schemes Bill to parliament.
Giving the government the power to force particular asset allocations could undermine trust in the pensions system and introduce downside risks for pension schemes, the trade body has said.
Research published this week by HM Revenue & Customs (HMRC) suggests that the government could cut back on the tax benefits of salary sacrifice arrangements, according to industry experts.
A report from New Capital Consensus argues for greater consolidation of DB pension schemes to support investment in productive finance.
The Pensions Regulator will work more closely with the industry and the Financial Conduct Authority to help new ideas come to market.
The pooling deadline of 31 March 2026 must be moved back if the LGPS is to deal effectively with all the changes it faces, according to the Scheme Advisory Board.
The Pension Protection Fund has been urged to use its substantial surplus to provide indexation to pre-1997 benefits.
Torsten Bell says the government will legislate later this year to allow for multi-employer and decumulation-only CDC models.