All Policy articles – Page 12
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OpinionElection policies we need but probably won’t get
With the next general election less than five weeks away, the main political parties are busily drawing up their policy pledges to win over voters.
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News
10k-20k-30k: PLSA launches new retirement living standards
On the go: The Pensions and Lifetime Savings Association has launched its retirement living standards, an attempt to translate savings targets into a description of the quality of life they will actually enjoy in later life.
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Features
Government must revise AE or ‘risk leaving a whole generation behind’
Current minimum automatic enrolment contribution levels are not enough to plug the savings gap, with more savers expecting to work well into retirement, say experts.
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OpinionTime for a summer stocktake
Julian Mund, the Pensions and Lifetime Savings Association’s chief executive, reflects on 2019 so far – from master trust authorisation to impressive auto-enrolment figures. But despite some positive developments this year, Mr Mund notes that there is still a significant amount of uncertainty over what the next few months have in store for the pensions industry.
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News
State pension age should rise to 75, says think tank
On the go: A chorus of critics has condemned the Centre for Social Justice’s proposal to increase the state pension age to 70 by 2028, with a further rise to 75 by 2035, to make the system more sustainable and reflect longer life expectancies.
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News
ACA voices support for pensions/housing hybrids
On the go: The Association of Consulting Actuaries has thrown its weight behind flexibilities to allow pension savers to divert pots towards housing purchase, after housing secretary James Brokenshire’s controversial proposal.
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News
Scrap ‘rotten’ taper altogether, former pensions ministers tell chancellor
Pressure is mounting on the chancellor to take action on NHS pensions, as two former pensions ministers on Wednesday called for the “fundamentally rotten” tapered annual allowance to be scrapped.
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News
New parliamentary group looks at benefits of longevity
On the go: The new All Party Parliamentary Group for Longevity has outlined plans to introduce a national strategy for healthy longevity, focusing on the benefits – rather than the problems – of ageing.
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News
PLSA policy board sets priorities for next four years
On the go: The Pensions and Lifetime Savings Association’s new policy board has set its priorities for the next four years, with specialist sub-committees formed for defined benefit and defined contribution schemes, local authority schemes and master trusts.
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OpinionPensions taper is bad medicine for the NHS and should be ditched
The sound of tiny violins can often be heard when the better off complain about yet another cut to their pensions tax relief.
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OpinionAuthorisation will help make Britain 'best country in world to grow old'
Automatic enrolment has been revolutionary. The numbers speak for themselves, with more than 10m people brought into workplace pensions saving thanks to this pioneering policy since 2012.
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OpinionThe government’s pensions priorities for 2019
Aries Insight’s Ian Neale says government and regulators should look to restore public trust in pensions in 2019, ensuring previous priorities such as the pensions dashboard do not fall by the wayside.
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News
Government fires ‘starting gun’ on superfund deals
A government consultation published last week will allow the UK’s commercial defined benefit consolidators to press ahead with their first deals, it has been claimed, although some experts say questions remain over how the businesses can be prudently regulated.
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News
DWP expects superfunds to have 99% probability of success
On the go: The Department for Work and Pensions has outlined its thinking on the regulation of commercial defined benefit consolidation vehicles in a consultation, removing a major hurdle to scheme sign-up.
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OpinionWhy we need to better understand Generation AE
The pensions industry is only just getting to grips with the needs and expectations of the first-time savers created by auto-enrolment. Nigel Peaple of the Pensions and Lifetime Savings Association explains the implications for pensions policy of ongoing research in this field.
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News
Master trust members unfazed by AE increases
Savers auto-enrolled into a pension scheme are not dropping out of their plan any faster when nudged toward saving more money each month, according to the Pensions and Lifetime Savings Association.
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Features
Threshold adults favour medium-term saving over pensions
Analysis: The pensions industry has long been deliberating over the best way to cater for millennials currently beginning their savings journeys, but it may be time to focus on a new term – the so-called threshold adult.
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OpinionBoost innovation and understanding
There needs to be a shift in public policy to create a savings culture and boost understanding, argues Lesley Carline, vice-president of the Pensions Management Institute.
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News
Time running out for DWP to book 2019 bills, Webb warns
The Department for Work and Pensions is at risk of running out of time to pass key aspects of its pensions policy agenda in 2019 due to the impact of Brexit and several measures yet to even reach a consultation stage, according to former pensions minister Sir Steve Webb.
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OpinionDashboard and AE improvements can cement Opperman’s legacy
It has been a busy first year for Guy Opperman, with some significant steps forward for auto-enrolment announced in last year’s review, the adoption of much-needed mastertrust and bulk transfers regulation, and the smooth roll-out of minimum contribution increases.