All Law & regulation articles
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NewsLife expectancy and NHS strain ‘hurting the UK’s pension system’
The UK has dropped in an international ranking of retirement systems due to strains on the country’s health system and stalling life expectancy.
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NewsProfessional standards ‘have never been more important’ as reform pressures mount
The Pensions Management Institute has called for higher standards across the industry as schemes prepare to implement a wide-ranging programme of pensions reform.
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NewsWork and Pensions Committee to review auto-enrolment minimums
The parliamentary committee has launched an inquiry that will seek to inform the work of the Pensions Commission around low earners and pension saving.
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NewsGovernment consults on plan to consolidate 13m small pension pots
The DWP is seeking to establish a “federated” system of consolidator schemes that can automatically combine deferred DC pots worth less than £1,000, where the saver has not done so themselves.
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OpinionPaul Maynard: The pensions minister's post-reshuffle plans and priorities
Former pensions minister Paul Maynard opines on Torsten Bell’s reappointment and what it means for the multi-faceted UK pension reform ‘roadmap’.
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NewsInside the Pensions Regulator’s new approach to enforcement
TPR has developed a “more focused, agile and outcomes-driven model” better suited to the current and future industry landscape, and pledged to take “decisive action” when it identifies areas of non-compliance.
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NewsSPP demands evidence to justify DWP’s 9% master trust levy rise
The Society of Pension Professionals has called on the government to explain why master trusts and personal pension providers should face the largest proposed increases to the general levy.
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NewsSPP: Millions at risk of pension shortfall without joined-up housing policy approach
Declining homeownership rates and a sharp rise in lifelong renters mean many people will require an estimated £269,000 more in pension savings to cover rental costs, according to the Society of Pension Professionals.
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OpinionPinsent Masons: Why clear records matter when fixing pension scheme mistakes
Charlotte Scholes and Sam Robinson of Pinsent Masons explore a recent court ruling on scheme documentation and why it is important to keep accurate records of trustee meetings and decisions.
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NewsDWP and FCA extend Value for Money consultation period
The Financial Conduct Authority (FCA) and the Department for Work and Pensions (DWP) have extended their consultation period for the planned Value for Money framework by two weeks.
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NewsAI pension scams put employers under pressure to strengthen fraud warnings
Employers are being urged to strengthen pension scam awareness as artificial intelligence makes fraudulent communications harder for savers to distinguish from legitimate contact.
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NewsWASPI latest: Campaigners call on prime minister to hold compensation talks
Campaigners have asked the new prime minister and chancellor to discuss redress for 3.5 million women affected by failures to communicate changes to the state pension age.
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OpinionNo ordinary update: why the PPI’s Pensions Primer will be different this year
The Pensions Policy Institute is in the process of updating its influential ‘Pension Primer’ and, as senior policy analyst John Adams explains, it is no small task.
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OpinionPaul Maynard: Getting the ear of government is harder than you think
Former pensions minister Paul Maynard laments how hard it is to stand out from the crowd when trying to gain traction with members of parliament, and gives some advice to those trying to influence the political agenda.
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NewsTorsten Bell to remain as pensions minister following reshuffle
There will be continuity in the Department for Work and Pensions as Torsten Bell and Pat McFadden keep their roles following the cabinet reshuffle under new prime minister Andy Burnham.
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NewsPension transfer reform needs rethink to ensure consistency, industry says
Respondents to a government consultation have warned that some elements need more work, including a requirement for ceding schemes to assess the appropriateness of a receiving arrangement.
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ArticleSurplus release: Time to put plans and policies in place
The Department for Work and Pensions, HM Revenue & Customs, the Pensions Regulator and the Financial Reporting Council are all working together to construct the surplus release framework for defined benefit pension schemes.
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In DepthIn Depth: Inside the government’s pensions policy bonanza
From Value for Money to surplus release via scale and consolidation discussions and levy arguments, Monday’s roadmap announcement has given the pensions industry a lot to think about.
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ArticleHighlights from Torsten Bell’s speech to launch the updated reform roadmap
Key excerpts from pensions minister Torsten Bell’s address at Mansion House on 13 July, in which he set out the need for cohesive action across the government’s reform agenda.
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ArticleGuided retirement: Is delaying implementation good or bad?
Last week’s regulatory update saw the guided retirement timetable adjusted to coincide with the CDC rulebook – but will this put some retirees at a disadvantage if support services are delayed?