PLSA

An industry co-ordination group has been established to take forward the recommendations of the Department for Work and Pensions’ (DWP’s) small pension pots working group.

Less than half (45%) of trustees and pension scheme administrators say their schemes have accurate accrued pension amounts available digitally for all members, according to PP research.

It is “perverse” that not all defined contribution (DC) members are offered investment in illiquid asset classes, according to Lane Clark & Peacock head of DC Laura Myers.

The government will consult on mandating the use of simpler annual statements while also setting out an approach to a “pension statement season”, says Guy Opperman.

The potential loss of scheme flexibility outlined in The Pensions Regulator’s (TPR) interim response to its defined benefit (DB) funding code should not be a concern as long as schemes can manage risk, the watchdog said.

The switch to a zero-carbon economy provides the opportunity for attractive returns for pension funds, even if they are "not shoot the lights out returns", says Lord Adair Turner.

The benefits that working digitally has brought to the pensions industry are vital for its continued progression, says Pensions and Lifetime Savings Association (PLSA) chief executive Julian Mund.

Nigel Peaple sets out the PLSA's focuses for the year ahead.

Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).

Hurdles remain before dashboard implementation, writes Holly Roach.