Law & RegulationRSS

Are you ready for pensions in 2022?

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CPD: Gowling WLG’s Ian Chapman-Curry looks forward to a momentous year for the pensions industry, with key parts of the Pension Schemes Act due to come into force and continuing progress on the pensions dashboards and defined benefit scheme funding regime, among others.

Multimillion-pound pension fraud suspect changes plea to guilty

News on the go

On the go: A defendant charged with participating in a multimillion-pound pension fraud has changed his plea to guilty at a hearing.

Opperman rules out mandatory guidance for 50-year-olds

Fotoware

Pensions minister Guy Opperman has ruled out the prospect of automatic appointments for 50-year-olds with Pension Wise as it would be expensive and ineffective.

Weekly Roundup: I’m on McCloud nine

High court building (teaser)

This week — High Court dismisses police officers’ McCloud review, calls for the government to rethink planned pension age increases, Nest closes its redundant — and confusing — Pre-retirement Fund, and Zedra acquires trustee services and governance provider PTL.

DC focus must ‘fundamentally shift’ from costs to value in 2022

Podcasts

Podcast: Darren Philp, director of policy and communication at Smart Pension, and Mike Ambery, partner at Hymans Robertson, discuss the defined contribution outlook, expanding auto-enrolment, and reforming Solvency II.

PLSA targets ‘adequate income’ for 2022

News on the go

On the go: Securing a policy regime that guarantees an adequate retirement income for most savers will sit at the top of the Pensions and Lifetime Savings Association’s list of priorities this year, it has announced, with the industry body advocating for the expansion of auto-enrolment.

Access pool criticised by LGPS board over policy failings

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Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.

Pension ages need a rethink as life expectancy falls

News on the go

On the go: The government should rethink its plans to increase the state pension age as life expectancy estimates show a further decline, according to a former pensions minister.

High Court rebuffs police officers’ McCloud judicial review

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The High Court has rejected a judicial review claim brought by the Police Superintendents’ Association against the government’s McCloud consultation, despite finding legal errors in the process.

Parliament moves to ban flat fees on small pots

News on the go

On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.