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By IPE Staff2021-05-18T15:08:00+01:00
The Pensions and Lifetime Savings Association (PLSA) has said that more can be done to support and protect savers as they decide how to access their pension in retirement.
These recommendations should “pave the way for pension providers to give greater support to savers at retirement, irrespective of the size of their balance, their level of engagement, or what type of solution they use to access their pension,” said the PLSA.
Pension freedoms have given UK savers new possibilities and options with their savings, however, “a bridge is needed to help savers transition from a system that uses the power of inertia to successfully bring them into pension saving through the complex decisions they must take to access their pension saving in retirement”, it added.
Gig economy firms under pressure over workers pensions
The Pensions Regulator talking to ride-hailing company following Supreme Court ruling that drivers are workers and not self-employed
17 May 2021 • 7:00pm
Gig economy firms are under pressure to include their workers in company pension schemes as the pensions watchdog engages closely with Uber.
Charles Counsell, chief executive of The Pensions Regulator, said it had been talking to the ride-hailing company following a ruling by Britain’s highest court that declared its drivers were workers and not self-employed.
The ruling entitled them to holiday pay and sick pay, but also entitled many drivers, depending on their earnings, to be included in Uber s pensions scheme.
Sarah Smart appointed new Chair of The Pensions Regulator
The Department for Work and Pensions has announced the appointment of Sarah Smart as the new permanent Chair of The Pensions Regulator (TPR).
From:
Smart has been serving as the interim Chair since 1 April 2021, and is due to be made the permanent Chair on 1 June 2021, following the recent Work and Pensions Select Committee pre-appointment hearing.
Minister for Pensions, Guy Opperman, said:
The Chair is a vital part of The Pensions Regulator, providing effective oversight of this high-profile organisation and engaging and building positive relationships with senior stakeholders.
This is a challenging but rewarding role, and I am delighted that after serving as Interim Chair, Sarah has now been officially appointed as the permanent Chair.