All Law & regulation articles – Page 5
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NewsIs bigger really better? Industry reacts to ‘megafunds’ plan
Chancellor Rachel Reeves has been urged to support trustees’ fiduciary duty and ensure there are sufficient UK assets for her planned “megafunds” to invest in.
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NewsThe Pensions Regulator publishes rulebook for CDC schemes
The Pensions Regulator (TPR) plans to send collective defined contribution (CDC) 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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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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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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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: 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: Reeves raises employer national insurance
The government will increase the national insurance rate by 1.2 percentage points from next April as part of a plan to raise £25bn in tax.
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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
Elizabeth Pfeuti reports from the PLSA Annual Conference on how new technology is dividing, but also inspiring schemes to deliver for their members
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NewsPension and decumulation complaints rise by 27% in 18 months
Some industry figures question whether consolidation is working, as 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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NewsValue for Money plans not set in stone, say regulators
The regulators 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: 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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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
The government’s extensive policy reforms anticipated in the Pension Schemes Bill will deliver “the growth the country needs and the security in retirement that savers deserve”, according to pensions minister Emma Reynolds.
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NewsChurch of England eyes CDC as consultation launches
The Church of England and TPT Retirement Solutions have expressed interest in the collective defined contribution (CDC) pension model after the government launched a consultation on a regulatory framework.
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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.