A raft of new powers will be given to the proposed new pensions regulator outlined in the Pensions Bill, provide more security to occupational schemes and their members by taking a more proactive approach to regulation.
A closer inspection of the powers of the new pensions regulator reveals employer costs may not be the only issues to consider regarding the Pension Protection Fund (PPF).
Pension funds will be given space to strike a balance between long-term liabilities and assets and a new "flexible" pensions regulator is being introduced, according to the Pensions Bill just released by the DWP.
People could receive a lump sum worth up to £30,000 if they defer taking of State pension benefits for at least five years, says the DWP, or around 7.5% extra for every year they delay claiming.
Employers with high-risk schemes will have to pay a higher levy if they want to reap the benefits of the proposed Pension Protection Fund (PPF), but not until the second year the legislation is in effect, says Andrew Smith MP, Secretary of State for work...
The new Bill introduced by the Department for Work and Pensions today has several flaws which undermine commitments to simplicity and security into long-term savings, the Conservative Party says in a statement just released.
The Retirement Income Reform Campaign and the National Association of Pension Funds have added their voices to the criticism of facets of today's Pensions Bill.
Retrospective changes to preservation requirements for deferred pension rights could decide whether IFAs face a tough year advising the majority of their clients on which transitional protection to apply, warns Steve Bee.
More people in the UK are thinking about stashing away money for their retirement as consumer confidence in long-term savings grow, the Association of British Insurers says today.
The government's Pensions Bill, which will outline changes to pending pension legislation, is expected to be released this coming Wednesday, suggest industry experts.