PLSA

Greater diversity in the industry can improve decision-making and help with attracting and retaining talent but few schemes have diversity and inclusion plans in place, Pensions and Lifetime Savings Association (PLSA) research reveals.

Trustees must be “accountable for the security of data and assets” to protect schemes and members from the risk of cyber attacks, according to The Pensions Regulator (TPR).

The Pensions and Lifetime Savings Association (PLSA) has called for pension experts and industry thought leaders to apply to become a member of its policy board.

The Pensions and Lifetime Savings Association (PLSA) has called for amendments to the Pension Schemes Bill to ensure new regulatory powers do not unintentionally prevent schemes from taking action in members’ interests.

This week’s top stories included a warning from Lincoln Pensions on the “triple whammy” faced by sponsor covenants, while MPs called for further input on the Pension Schemes Bill.

Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).

Richard Butcher is set to spend another year as Pensions and Lifetime Savings Association (PLSA) chair as the trade body proposes his term is extended to autumn 2021.

The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.

Data definitions, better stewardship, and increased education are central recommendations for overcoming the barriers to climate-aware investing, the Pensions and Lifetime Savings Association (PLSA) says.

A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.