Society of Pension Professionals

The Money and Pensions Service (Maps) has published its first full report on progress on the pensions dashboard so far and has flagged “significant” delivery challenges in the face of the coronavirus pandemic.

The dashboard is reliant on all schemes having data readily available, but this is not yet the case for many DB schemes. Paul McGlone says this is a challenge the industry must work to overcome

With the DB funding code set for a major revision at the same time as upgraded powers for the regulator, Paul McGlone says it is important to watch how these interact with each other.

Trustees and their advisers could be “criminalised for doing the right thing” and left “fearful of acting” if Pension Schemes Bill wording is not amended, the Joint Industry Forum (JIF) says.

Nominations for the third annual PP Women in Pensions Awards - which celebrate the achievements of women working in pensions or acting as a trustee - have now opened. Find out how to nominate here…

The UK Sustainable Investment and Finance Association (UKSIF) says pension scheme trustees are failing to comply with their investment duties around ESG and need government intervention to get back on track.

The government’s review of the tapered annual allowance is underway with findings expected to be announced in the 11 March Budget.

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.

More than half (57%) of the Society of Pension Professionals’ (SPP) membership has not made any changes to portfolios in terms of environmental, social and governance (ESG) issues, despite there being a “genuine interest”, research has revealed.

As more schemes reach a fully funded status, it is important that the risk-averse environment is not codified into regulations, says Paul McGlone.