All Politics articles – Page 5
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NewsGovernment to legislate soon on scheme investment in illiquids
The government will introduce legislation to help pension schemes invest in illiquid assets, the work and pensions secretary has said.
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Opperman slates lack of long-term vision in pensions, hints at reshuffle
Pensions minister Guy Opperman has suggested a reshuffle may be on the cards, and has criticised a perceived lack of long-term vision in the pensions industry.
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NewsEight out of 10 young adults demand earlier pension saving
On the go:More than eight in 10 young people want pension saving to begin before individuals reach the age of 22 — the default age from which employees are automatically enrolled into a workplace pension.
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NewsPension giants call govt to adopt AE expansion
Some of the UK pension industry’s big beasts have joined forces to demand an expansion of auto-enrolment to capture young people, part-time workers and those on lower incomes.
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NewsOpperman promises GMP conversion tax fix
On the go: Pensions minister Guy Opperman has clarified some of the provisions in a bill regarding guaranteed minimum pensions conversion, and pledged to work with HM Revenue & Customs on the tax implications.
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NewsRegulators need advice and guidance take-up targets
On the go: Conservative MP Nigel Mills has argued that the government needs to set a target or benchmark on what the level of take-up of advice and guidance needs to be for pension savers.
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NewsCommuters face travel chaos as TfL workers strike over pension cuts
Commuters on the London Underground face two days of travel chaos as Transport for London staff strike over planned pension cuts.
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Earnings trigger remains unaltered in auto-enrolment expansion bill
A bill to expand automatic enrolment, to be debated in parliament on February 25, will not look to remove the £10,000 earnings trigger contrary to initial expectations.
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NewsMPs back amendment against political divestments by LGPS
MPs in the House of Commons have approved an amendment that would allow ministers to issue guidance stymieing the ability of public sector pension schemes, including the Local Government Pension Scheme, to pursue politically motivated boycotts and divestment policies.
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NewsMP proposes to limit LGPS Israeli boycotts association in new bill
An amendment to the upcoming pensions bill tabled by Conservative MP Robert Jenrick, which is aimed at limiting the Local Government Pension Scheme funds’ association with Israeli boycotts, is not expected to be backed by parliament.
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NewsRegulators should look at the role of introducers in British Steel scandal
On the go: Regulators have been urged to look again at the role of introducers in the British Steel Pension Scheme transfers scandal that has seen more than £20mn paid out in compensation.
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NewsJohnson ignores tax proposal on scam victims
Prime Minister Boris Johnson has failed to acknowledge three letters from a prominent campaigner on pension scams, which propose changes to tax rules over early pension access in a bid to protect scam victims.
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NewsLGPS funds question government’s ‘levelling up’ investment target
A handful of Local Government Pension Scheme funds and a former pensions minister are unconvinced by the government’s new requirement for these schemes to set out plans for investing up to 5 per cent of their assets in domestic projects, as trustees’ fiduciary responsibilities could come under threat.
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NewsOpperman declines to give timetable for auto-enrolment expansion
Industry experts have expressed disappointment at the lack of a timetable for expanding auto-enrolment, following a debate on the topic in Westminster Hall.
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NewsSlash EU red tape and use pension money to level up, Aviva boss says
On the go: The government should use Brexit to loosen insurance regulation in order to “put our country’s pension funds to national use”, Aviva chief executive Amanda Blanc has said.
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NewsFormer shadow pensions minister Jack Dromey dies aged 73
On the go: Former shadow pensions minister Jack Dromey, MP for Birmingham Erdington, has died at the age of 73.
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People NewsPLSA to expand policy board expertise
On the go: The Pensions and Lifetime Savings Association is looking to expand the range of expertise on its policy board and committees, calling on experts from across the industry to apply for roles.
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PodcastsPodcast: Fiduciary trumps politics if divesting from ‘illegal Israeli settlements’
Podcast: Local Government Pension Schemes looking to divest from Israel should do so on grounds of sustainability and fiduciary responsibility, not because of politics and personal morality, says Richard Butcher, managing director of PTL. He is joined by Ian Neale, Aries Insight co-founder, to discuss divestment, defined benefit funding and ageing populations.
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NewsState pension age rises could be changed as govt launches review
On the go: The government has launched a review of the state pension age to see whether the way it manages the cost is fair to taxpayers and pensioners.
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NewsAgeing a bigger problem for pensions than Covid-19
The impacts of the Covid-19 pandemic on pensions could be relatively short-lived should the global economy continue to recover, but an ageing population presents long-term challenges with no simple solutions, according to a new report from the OECD.