All Department for Work & Pensions (DWP) articles – Page 3
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AnalysisAnalysis: DB Funding Code reforms
The relevance of the Code has been called into question given the improved funding position of UK DB schemes
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NewsDWP and Treasury consult on trustee skills, capability and culture
’The main concern seems to be the ability of trustees to make investment decisions but the review may also have wider benefits,’ says Hymans Robertson
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NewsUK pensions regulator in hot seat over lax governance of LDI
The Pensions Regulator was not able to monitor whether its LDI guidance on managing risk was being followed, Work and Pensions Select Committee finds
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NewsNationwide Pension Fund completes £1.7bn UK longevity risk transaction
Plus: DWP publishes review of pension transfer regulations; NEST reappoints TCS for admin services
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NewsPensions industry calls on regulators to ‘materialise’ revised funding code
The code has introduced elements of flexibility, but uncertainty needs to be avoided
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NewsPLSA supports UK growth investing, but with focus on best outcomes for savers
TPR calls on trustees to focus on protecting savers
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NewsUK pensions minister announces Pensions Dashboards delay
PDP’s connection deadline pushed from 31 August 2023 to 31 October 2026
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NewsUK gender pensions gap at 35%, according to DWP
‘Vital first step in tackling profound gender inequalities in pensions,’ says LCP
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NewsValue over cost, says new UK pensions regulator chief
’Our position is clear: no saver should be in a poorly performing scheme that doesn’t offer value for money,’ says Nausicaa Delfas
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NewsIgnoring ESG factors is not an option for trustees, says The Pensions Regulator
There have been concerns on the implementation risks of greenwashing and the potential for ‘greenhushing’, among others
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NewsUK roundup: British Steel Pension Scheme in £2.7bn buy-in deal
Plus: DWP opens auto-enrolment consultation for defined benefit schemes; Direct Line Group Pension Trustee picks LifeSight as master trust provider
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NewsUK parliamentarians call for greater accountability of regulators
RRG recommends forming a new cross-parliamentary committee to oversee the performance of regulators
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NewsUK government pushes for wider CDC schemes as regulator approves Royal Mail as first
Aon calls for regulations to be in place for wider forms of CDC by the end of 2024
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NewsUK state pension age review: no changes to legislated timetable
The government plans to have a further review within two years of the next parliament to reconsider the rise to age 68
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NewsUK actuaries call for robust design and high-quality comms in new CDC pensions
There are significant concerns about DWP’s proposals to compare investment performance net of member-borne costs and charges and all costs paid by an employer to a scheme or pension provider
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NewsUK pensions industry calls for delay of DB Funding Code implementation
Critics of the proposed regulations argued that the new legal framework would be overly rigid
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NewsUndersaving in British pensions still substantial, says government report
DWP is backing moves to widen eligibility for auto-enrolment
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NewsDWP pushes back pensions dashboards timeline due to ‘complex build’
‘More time is needed to deliver this complex build,’ says Laura Trott, parliamentary under secretary of state for pensions
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NewsDWP sets up Taskforce on Social Factors for UK pensions industry
The taskforce will support pension scheme trustees and the wider pensions industry with some of the key challenges around managing social factors
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NewsPeople moves: Swedish Pensions Agency director moves to financial regulator
Fidelity International, DWP, MaPS, AXA IM Alts, Nikko AM, Lazard, Finansinspektionen, TELA, LSR
