All Pension Schemes Bill articles – Page 3
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NewsTPR outlines ‘new strategy’ for trusteeship standards in corporate plan
Customer service, value for money and improving governance are among the Pensions Regulator’s key priorities for the year ahead as it looks to pave the way for the changes heralded by the Pension Schemes Bill.
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NewsRachel Reeves ‘confident’ that investment mandation won’t be necessary
The chancellor addressed the financial services industry at an event in London last night, unveiling plans to encourage individual savers to invest more rather than hold savings in cash.
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NewsSackers poll: Surplus reform and decumulation top industry wish list
Trustees and employers have backed surplus flexibility and retirement income solutions in the Pension Schemes Bill – but Sackers warns that pensions adequacy risks being overlooked.
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OpinionThe Friday Takeaway: Time for a Mansion House Adequacy Accord?
The government may find its options limited when trying to improve pensions adequacy, writes Pensions Expert editor Nick Reeve. It may be left to the industry to work on improving retirement outcomes.
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NewsBoE governor warns against mandation as Bell promises ‘opt out’
The governor of the Bank of England has voiced opposition to potential policies to mandate how pension schemes invest – an intervention described as “nuclear” by a former pensions minister.
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NewsOwn-trust DC schemes ‘have the edge’ over master trusts, research shows
Barnett Waddingham research shows that employers with larger DC schemes are not always choosing to consolidate into master trusts, with single-employer approaches winning on factors such as member engagement.
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NewsHow employers plan to change their DC pension provision
The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.
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NewsAnalysing the Pension Schemes Bill’s £29,000 pot boost target
Government claims reforms will deliver ‘more money in people’s pockets’, but experts say success hinges on execution of value-for-money regime.
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NewsCall for levy reform as pension schemes hit with ‘surprise’ £15m PPF bill [updated]
Pensions UK is calling for urgent government action after DB pension schemes were unexpectedly billed for an administration levy connected to the PPF, with the largest schemes facing bills of hundreds of thousands of pounds.
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OpinionSPP: How the government’s proposed DB surplus release rules will work
In one of the biggest changes to the rules for defined benefit schemes in years, trustees will soon be allowed to relax rules around releasing surpluses. Bina Mistry of the Society of Pension Professionals explains how this could work.
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OpinionWhat the Pension Schemes Bill means for small businesses
There is a lot to digest from the recent Pension Schemes Bill. Wedlake Bell’s Justin McGilloway breaks down the key considerations and action points for small employers.
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OpinionThe Friday Takeaway: Mulling over the road to reform
We’re all geared up for pension reform after the publication of the Pension Schemes Bill, but we’re going to have to wait a while, as Pensions Expert editor Nick Reeve finds out.
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NewsNatWest Cushon hires three to investment team as it eyes ‘rapid growth’
The £3bn master trust provider has hired three senior staff to its investment team as it aims to grow its business in line with the government’s ‘megafunds’ plan.
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OpinionFiduciary duty: Is it time for legislation?
With the government threatening to mandate private markets investment for DC pension schemes, Andy Lewis and Stuart O’Brien of Sackers argue that trustees’ fiduciary duty deserves a more stable, long-term legal foundation.
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NewsGovernment urged to strengthen low-earner protections in Pension Schemes Bill
The Pension Schemes Bill could improve retirement outcomes for low earners, but a new report warns the legislation must be strengthened to deliver on its promise.
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NewsMore cost concerns raised over LGPS asset pooling plans
One of the LGPS funds now searching for a new pool has warned of a hefty cost impact, as the government seeks to accelerate pooling over the next few months.
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NewsGovernment’s backstop power to force LGPS pool decisions was ‘a surprise’
The government’s potential introduction of a power to force LGPS funds into specific pools took some in the system by surprise, according to one fund’s chief executive.
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NewsFocus on members amid government reform demands, LGPS urged
The chair of the LGPS’s Scheme Advisory Board has encouraged the system’s staff to “keep doing the day job” as the government’s reform agenda looms large.
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NewsTPR chief calls for industry to address ‘unfinished business’ on pension reform
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.
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NewsThree quarters of trustees are open to using surplus release power
The government intends to make changes to the Pensions Act 1995 to allow trustees to change defined benefit pension scheme rules to facilitate surplus release.