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Tag Archives: DWP

Five stories you may have missed this week

Labour Party’s choice of LTA as election battleground branded ‘short-sighted’ The Labour Party’s denouncement of the government’s plan to scrap the lifetime pension allowance as a “£1bn bung to the richest 1%” is short-sighted, Barnett Waddingham says. TPR authorises Royal Mail as UK’s first CDC scheme The Pensions Regulator has …

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UK pension schemes call for AVC stronger nudge exemption

A number of large UK pension schemes have written a joint letter to the Work and Pensions Committee (WPC) to raise concerns about the application of new stronger nudge requirements in certain circumstances. The letter raised specific concerns in relation to defined benefit (DB) schemes with defined contribution (DC) additional …

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CDC schemes set to report on their ‘ongoing viability’

The government’s response to the fourth recommendation of the Work and Pension Committees’ (WPC)  24 design reforms laid down in January – published yesterday (27 April) – addressed the question of whether it would publish a framework for assessing the success of the Royal Mail CDC scheme and other early schemes. …

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Breaking: CDC legislation to come into force from 1 August 2022

The government has confirmed that draft legislation for single or connected employer Collective Money Purchase (CMP) schemes will come into force from 1 August 2022, subject to parliamentary approval. In the government response to its recent consultation on the draft regulations, the Department for Work and Pensions (DWP) highlighted the …

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