All Work and Pensions Committee articles – Page 7
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News
Calls for next government to revive multi-employer schemes bill
On the go: The boss of a small Scottish plumbing company hit with a £1.2m pensions bill is calling for the next government to revive a 2018 proposal, which would end the current issues affecting sponsors of the Plumbing and Mechanical Services Industry Pension Scheme.
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Academics union questions regulator’s oversight of USS
Academics have expressed disquiet over the role of the Pensions Regulator in the governance in one of the largest occupational pension schemes in the UK.
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NewsMPs up pressure on govt over non-commercial dashboard
The government’s failure to commit to a rollout timetable for a new pensions dashboard with state pension data was criticised on Saturday by the Work and Pensions Select Committee.
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Pension schemes bill overshadowed by Brexit
A pension schemes bill has been included in the Queen’s Speech as expected, but critics say the government’s Brexit headaches and lack of majority mean it is little more than a manifesto pledge.
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OpinionIt is time for the industry to face up to its data problems
Poor record-keeping has long been the elephant in the room in the pensions sector.
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Field questions Thomas Cook trustee attempts to secure funding
On the go: Following the collapse of Thomas Cook, the chair of the Work and Pensions Committee Frank Field MP has probed the chair of the airline’s pension scheme trustee board on several issues.
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Now Pensions among four new authorised master trusts
On the go: The Pensions Regulator has authorised a further four master trusts to continue operating in the defined contribution market, including the once embattled provider Now Pensions.
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MPs urge DWP to review scope and level of charges cap
The Work and Pensions Committee is ramping up the pressure on the government and the Financial Conduct Authority to cap the level of charges on default retirement products.
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Select committee presses govt on superfund commitment
On the go: The Work and Pensions Committee has voiced its concerns about the government allowing the creation of defined benefit superfunds in the absence of a dedicated regulatory regime.
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NewsFCA lambasted for lethargy on contingent charging
The Financial Conduct Authority’s proposals to ban controversial charging structures were welcomed by the industry on Tuesday, but some have criticised the regulator for being slow to act.
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Unions call for greater action on executive pay and pensions gap
Unions called for policymakers to explore way of curbing bumper executive pay and pensions on Wednesday, as unequal remuneration falls under the cross-hairs of Frank Field’s Work and Pensions Committee.
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Standard Chartered under fire over bumper executive pensions
On the go: The Work and Pensions Committee has demanded answers from Standard Chartered over its pension payouts to executives, escalating the debate over bumper retirement awards at the top of corporate structures.
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Regulator hits back over influence on USS valuation
The Pensions Regulator has defended its record over the Universities Superannuation Scheme, after the Work and Pensions Committee questioned the regulator’s role in USS’s contested 2017 valuation.
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Regulator keeping 'careful eye' on watch list of 50 schemes
The Pensions Regulator has a watch list of 50 defined benefit schemes that it is most concerned about, the watchdog’s chief executive, Charles Counsell, has revealed.
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NewsField blasts lack of support for plumbers faced with huge DB debts
The Work and Pensions Committee has warned the government that “much more needs to be done” to support small plumbing businesses being faced with potentially crippling debts to the industry’s multi-employer defined benefit scheme.
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MPs query Lloyds Bank chief executive’s high pension award
On the go: In a letter to Lloyds Banking Group, the chairs of two parliamentary select committees have questioned pension and share awards at the bank, following reports that chief executive António Horta-Osório has “voluntarily” given up a portion of his pension.
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NewsSelect committee turns focus to Railways Pension Scheme deficit
The Work and Pensions Committee has written to the Pensions Regulator over what it called the “staggering, parlous state” of the £25.5bn Railways Pension Scheme.
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Govt greenlights dashboards but timetable questioned
On the go: Pension schemes will be allowed up to four years to submit data to the pensions dashboard, sparking concerns that services appearing later this year will not be comprehensive.
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Select committee gives pension industry low marks for transparency
On the go: The pensions and financial inclusion minister Guy Opperman, and John Glen, the economic secretary to HM Treasury, were grilled by the Work and Pensions Committee investigating pension costs and transparency on Wednesday.
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Select committee launches inquiry into contingent charging
On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.