All Work and Pensions Committee articles
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OpinionThe Friday Takeaway: A gathering storm?
Amid future-focused reforms and new types of pension schemes, Pensions Expert editor Nick Reeve argues that we must not ignore the mistakes of the past if the industry’s efforts are to succeed.
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NewsLiz Kendall indicates adequacy review to begin next week
The work and pensions secretary told MPs yesterday that she was “very concerned” about the challenges facing pension savers and that the government would have “more to say” next week before parliament goes to recess.
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NewsMPs to scrutinise government plans for UK investment
The Work and Pensions Committee will hear evidence from the industry this week around UK investment amid rumours of potential mandatory allocations.
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NewsWork and Pensions Committee to grill industry and regulators on dashboards
Representatives from the FCA, TPR, the Money and Pensions Service and the Pensions Dashboard Programme will all be questioned by the Work and Pensions Committee.
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NewsChancellor expected to loosen rules on DB surpluses [updated]
Long-awaited changes to defined benefit scheme surplus rules will be announced this week.
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People NewsWho is on the new-look Work and Pensions Committee?
Labour party MPs unsurprisingly dominate the committee, which is chaired by Debbie Abrahams.
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People NewsDebbie Abrahams to chair Work and Pensions Committee
The MP for Oldham East and Saddleworth has served on the committee for eight years, and has also held the position of shadow work and pensions secretary.
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NewsMPs to examine future of DB pension schemes
The Work and Pensions Committee has launched an inquiry that will review defined benefit pension schemes and the challenges they pose to members, trustees, employers and the Pensions Regulator.
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NewsPublic Accounts Committee to probe AEAT scheme members’ treatment
The Public Accounts Committee is to investigate the treatment received by members of the AEA Technology Pension Scheme when it entered a Pension Protection Fund assessment period in 2012.
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NewsState pension age review to be published by May
On the go: The state pension age review will be published by May of this year, the pensions minister has confirmed.
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NewsManagers using LDI debacle to ‘grab assets’ from schemes
Asset managers are using the liability-driven investment turmoil as an excuse to “grab assets” from defined benefit schemes by demanding buffers higher than those recommended by the regulators, a former fund manager has revealed.
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OpinionGovernment disappoints in auto-enrolment inquiry responses
Broadstone head of policy David Brooks is calling on the government to start advising people that current minimum contributions will not be enough for a comfortable retirement.
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NewsDWP to announce DC reforms amid cost of living crisis
The Department for Work and Pensions will be announcing a series of reforms to defined contribution saving, in an attempt to curtail the impact of the cost of living crisis.
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NewsGovt refuses to commit to increase auto-enrolment contributions
The government has refused to commit to increasing minimum auto-enrolment contributions, despite acknowledging that the current statutory contribution of 8 per cent is “unlikely to give all individuals the retirement to which they aspire”.
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NewsGovt actuary calls for improved data on schemes' LDI strategies
The government actuary has called on the Pensions Regulator to start collecting more data from defined benefit schemes about their liability-driven investments, among other suggestions to increase the visibility of risks associated with these strategies.
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NewsTPR appoints FCA’s Delfas as chief executive
On the go: The Pensions Regulator has appointed Nausicaa Delfas as its new chief executive, taking over from Charles Counsell, who is due to step down from the role in March 2023.
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NewsRegulator dismisses delaying DB funding code due to LDI crisis
The Pensions Regulator has denied a request from MPs to delay the launch of its defined benefit funding code consultation due to the recent market turmoil, justifying that the document already includes a section about systemic risk.
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NewsTPR rejects claim of having pressured schemes into LDI
The Pensions Regulator has pushed back against a suggestion put to the watchdog by MPs that it pressured some pension schemes towards liability-driven investments, when they did not think LDI was appropriate for them.
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NewsTPR ‘dials down leverage’ in DB funding code fast-track
The Pensions Regulator has lowered the amount of leverage that it deems acceptable for schemes to have to meet the requirements for a “fast-track” valuation, as part of its new defined benefit funding code.
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NewsManufacturer claims actuaries ‘almost put us out of business’
On the go: Construction products manufacturer Dixon International Group has told the Work and Pensions Committee that actuarial pressures in relation to its defined benefit scheme “almost put us out of business and several times pushed us into loss”.