All Law & regulation articles – Page 6
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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.
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NewsAMNT flags governance concerns with sole trustee model
The association has called for greater regulatory oversight to ensure members are protected when schemes move to a sole trustee model.
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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.
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NewsMembers must be centre of Pensions Review, industry says
The government must place members’ and savers’ best interests at the heart of the Pensions Review, according to pension providers and industry bodies.
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NewsIFS sets out roadmap to boosting auto-enrolment
Industry figures call for the government to incorporate IFS recommendations into its Pensions Review to boost adequacy and accessibility.
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OpinionWhy the government’s Pensions Review needs to aim big
Jesse Griffiths of the Finance Innovation Lab calls for the government to set a bigger ambition for its Pensions Review – and to take its time to get it right.