All Department for Work & Pensions (DWP) articles – Page 2
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DWP’s social factors taskforce launches guide for pension trustees
UK pensions minister Paul Maynard emphasised the importance of trustees understanding social and environmental issues in investment decisions
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UK Funding Code to come into effect at the end of September
The regulator will consult on its statement of strategy ‘in the next few weeks’, says Louise Davey
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UK pensions industry welcomes DWP plans for DB surplus extraction
DWP consults on plans to make DB surplus extraction easier and set up a public sector consolidator operated by PPF
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UK pensions committee calls for pension fiduciary duty clarity
Pensions for Purpose called for a change in The Companies Act to better align company director duties beyond short-term profit maximisation
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DWP regulation is ‘starting gun’ for new DB funding regime
Final set of regulations provide greater flexibility for mature schemes to diversify investments in a wide range of assets without constraints, says PLSA
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UK government confirms final DB scheme funding regulations
The regulations are set to come into force from April 2024
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People moves: Church Commissioners CIO to leave for overseas job
Plus: Railpen chief financial officer steps down; Bill Galvin joins 3173 Group as CEO
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PPF and DWP explore legislative changes to further reduce levy
Next year’s target collection of £100m will be the lowest levy the PPF has ever charged
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UK pension funds call for more control over proxy voting
Signatories to an open latter to asset managers include London CIV, Merseyside Pension Fund, Environment Agency and Smart Pension
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UK’s pension regulator to enhance approach to master trusts
DWP analysis shows trust market could grow from around £140bn in 2023 to £420bn in 2030
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DWP consultation finds trustees could benefit from more support
A key barrier to achieving better long-term outcomes for pension savers is a ‘damaging and continual focus on cost and minimising all risks’
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DWP confirms Maynard as new UK pensions minister
The appointment follows Laura Trott’s promotion in this week’s UK cabinet reshuffle
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Paul Maynard appointed parliamentary under secretary of state at DWP
The appointment follows Laura Trott’s promotion in yesterday’s UK cabinet reshuffle
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UK industry awaits new pensions minister as Laura Trott takes Treasury role
Laura Trott held the post of UK pensions minister since November 2022
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Industry raises concerns over DWP’s UK general levy proposals
APPT believes removing £10,000 charge for smaller schemes would lead to higher standards of governance
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Pensions Dashboard Programme update highlights lack of pensions engagement
Despite automatic enrolment, around 12 million people are estimated to be under-saving for later life
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DWP embraces PPF as potential public pensions consolidator candidate
‘From a variety of perspectives there’s clearly an investment model that we already have, expertise and infrastructure,’ says the PPF
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Solution to small pots proliferation is to use pension dashboard infrastructure
A solution to small pots proliferation will require ‘a new piece of data infrastructure’, DWP said
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DWP advisers tell pension trustees to add social considerations to RfPs and mandates
Report on social factors contains recommendations and a framework its chair hopes will be picked up by ISSB
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DWP reviews UK’s pensions regulator making 17 recommendations
But review also concludes that The Pensions Regulator is ‘well-run’ and ‘well-regarded’ by its main stakeholders