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 »
Speaking yesterday (28 March) at a Royal Society of Arts (RSA) CDC forum, pensions and financial inclusion minister Guy Opperman said he was keen to “capitalise on the enthusiasm” around CDC. Regulations which came into play under the Pension Schemes Act 2021 provide for single and connected employer schemes, which …
Read More »
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 »
The poll of 400 participants, conducted online in June, found the majority wanted the scheme type to be expanded to a multi-employer model, perhaps being run by master trusts. While CDC legislation has been introduced, it is currently only enabling the risk-sharing pension provision for single employers, such as Royal …
Read More »
Opperman: Cross-party consensus is vital for the bill The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said. In a video recorded for the Pensions and Lifetime Savings Association (PLSA) annual conference today (17 October), the pensions and financial inclusion minister …
Read More »
Rogue company bosses who put staff pensions at risk will be targeted “with the full force of the law”, the pensions minister has vowed. Writing for the Telegraph after the Queen’s Speech, Guy Opperman has promised chief executives who break the rules on pensions will “have nowhere to hide” as …
Read More »