All Law & regulation articles – Page 11
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NewsThe Pensions Regulator publishes rulebook for CDC schemes
TPR will send schemes annual evaluations setting out risks, actions and the regulator’s planned supervisory “intensity”.
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NewsCDC legislation planned for next year, says pensions minister
Pensions minister Emma Reynolds expects fresh legislation for collective defined contribution (CDC) schemes to be laid next year – but they are not expected to feature “directly” in the pensions bill.
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OpinionHoping for clarity on Value for Money
The Society of Pension Professionals’ Brian McBride sets out the organisation’s views on how to improve the proposed Value for Money framework.
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NewsOpperman: Consolidation needs to be harder, better, faster, stronger
Former pensions minister Guy Opperman has called for workplace pensions consolidation to be accelerated and extended to include commercial providers and even regulators.
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NewsIFS’s Paul Johnson warns of 'big risks' in Budget
Chancellor Rachel Reeves is taking some big risks with her first Budget, according to the director of the Institute for Fiscal Studies (IFS) Paul Johnson.
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FeaturesBudget 2024: Time to reconsider salary sacrifice?
With chancellor Rachel Reeves announcing plans for UK businesses to foot the bill for a £40bn tax increase – primarily through national insurance contributions – attention has turned to where companies can offset this cost.
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NewsBudget 2024: Reeves raises employer national insurance
Changes also include higher employment allowance and the inclusion of inherited pensions in the inheritance tax system.
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NewsBudget 2024: National insurance hike ‘terrible news’ for pension adequacy efforts
Former pensions minister Steve Webb argues that higher costs for employers will make it harder to increase pension contributions later.
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NewsBudget 2024: ‘Devil is in the detail’ of tax change implications
While chancellor Rachel Reeves opted against introducing some of the more radical changes to pension tax speculated on before the Budget, decisions announced today will still have implications for schemes, administrators and pensioners.
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FeaturesCulture clash: bringing AI into pensions
From communications to greater organisational efficiency, AI will bring many benefits to pension schemes – but it does come with risks.
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NewsPension and decumulation complaints rise by 27% in 18 months
Some industry figures question whether consolidation is working, as the FCA publishes complaints data.
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NewsFind an alternative to DC – or else
We need an alternative to DC for a dignified retirement, former general secretary of the Communication Workers Union warns. Could CDC be the sustainable alternative to DC that society needs?
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NewsUK pension system declining against other countries, research shows
The UK’s pension system has lost its top-10 position among global retirement systems, according to the latest Mercer CFA Institute Global Pension Index.
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NewsPLSA Conference: Delegates support national insurance changes
National insurance should be applied to employer pension contributions if the chancellor is looking to pensions to help plug the economic black hole, according to a poll of delegates at the Pensions and Lifetime Savings Association’s Annual Conference.
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NewsValue for Money plans not set in stone, say regulators
The FCA and TPR are open to changing their planned ‘red-amber-green’ model for the Value for Money framework as the consultation process continues.
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NewsPLSA Conference: Reframing pensions as a ‘reward for saving’
Pensions should be reframed as a reward for saving rather than a benefit for the better off, according SEI managing director Steve Charlton.
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NewsPensions minister targets growth, better retirement outcomes
Pensions minister Emma Reynolds opens the PLSA Annual Conference with a promise to deliver on economic growth and improved member outcomes.
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NewsChurch of England eyes CDC as consultation launches
The government has launched a consultation on regulations for multi-employer CDC schemes as it seeks to “modernise” the pension system.
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NewsRelief at last: Govt 'backs down' on pension tax changes
The government has reportedly shelved plans to overhaul the system of tax relief on pension contributions given the impact on public sector workers.
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NewsDashboards: ‘All systems go’ as deadlines approach
The development of the pensions dashboards ecosystem is on track to be ready for the first connection deadlines in April 2025.