Chancellor Rishi Sunak ruffles feathers by leaving glaring pensions issues on the sideline
The Treasury is set to save around £4.5bn from the increase
Schemes and sponsors urged to establish clear audit trails around any decisions
Triple lock could see state pension grow by 8% after latest earnings data
Widespread fears that HM Treasury is sending the wrong signal to savers trying to do the right thing
The Pensions and Lifetime Savings Association (PLSA) has called for a new set of product, communication and governance standards to allow greater provider support for savers.
The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.
The scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.
The Department for Work and Pensions (DWP) is seeking views on how trustees understand the role of social factors in pension scheme ESG policies.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.