Guy Opperman has now served as pensions and financial inclusion minister for 1,000 days in a tenure marked by myriad major changes to the pensions landscape.
The pension schemes bill heralds an era of tougher governance rules and strengthened member protections, bringing with it a lot of work for trustees, says Fuat Sami.
The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.
The general election showed an increasing focus on collective over individual interests. CDC could fit right in, says Hilary Salt.
Collective defined contribution (CDC) schemes will offer members and employers a more satisfactory balance between affordability and security if they can meet both parties’ needs, according to Unbiased.
The industry is urging the government to prioritise combatting pension scams in 2020, according to research by the Society of Pension Professionals (SPP).
The pension schemes bill is set to boost income and protection for pension scheme members, says Guy Opperman, making 2020 a pivotal year for retirement savings.
All of the major political parties have now unveiled their policies on pensions ahead of the general election. Professional Pensions looks at what they have promised.
The pension schemes bill will face yet another delay as the UK seems set to have its third general election in five years on 12 December.
With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core.