The Purpose of Regulation report said that a “lack of democratic oversight” of regulators is holding back productivity and economic growth and recommended the formation of a new cross-parliamentary committee to oversee regulatory performance. The report features calls for greater accountability from regulators from various conservative MPs including Bim Alofami, …
Read More »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. …
Read More »Royal Mail pushes ahead with CDC plans following member consultation
Royal Mail Group (RMG), the Communication Workers Union (CWU) and Unite the Union have confirmed plans for a new collective pension scheme following a successful consultation process, with the scheme to be launched by the end of 2022 or early 2023. The positive outcome to the consultation, which was launched …
Read More »Professional Pensions Monthly Digest: November 2021
Policy watch… The Department for Work and Pensions (DWP) confirmed enhanced powers for trustees to block or pause transfers where there is potential scam activity on 8 November. The government’s “red” and “amber” flag proposals came into force yesterday (30 November). The government also closed the window of time during …
Read More »One year since the emergence of working-class opposition to the ruling class pandemic policy
One year ago, an early manifestation of opposition by the working class to the homicidal response of the ruling class to the COVID-19 pandemic began with a series of wildcat strikes in Italy. Over the next week, strikes spread to other European countries and to North and South America. At …
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