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PASA releases 'connection ready' guidance for dashboard preparation

The Pension Administration Standards Association (PASA) has issued “connection ready” guidance and a call to action to encourage trustees, schemes managers and providers to engage in dashboards preparation.

Maurice-titley , Andrew-lowe , Lucy-stone , Kim-gubler , Dashboards-working-group , Pensions-service-maps , Department-for-work , Working-group , Pensions-regulator , Pensions-service , Dashboards-availability-point , Dashboards-regulations

'No justification' for general levy option 3 proposal

There is “no justification” for the ‘option 3’ general levy proposal, the pensions industry warns.

Department-for-work , Pensions-service , Pensions-regulator , Pensions-ombudsman , Pensions-buzz , Buzz , Ensions-buzz , Ption-3 , Eneral-levy , Wp , Pr

Maps calls for more pensions beneficiary awareness

The Money and Pensions Service (Maps) has called for more awareness of where pension assets are transferred upon death.

Jackie-spencer , Office-for-national-statistics , Department-for-work , Maps , Oney-and-pensions-service , Eath-benefits , Ackie-spencer ,

Five stories you may have missed this week

This week’s top stories include a new pensions charter signed by eleven organisations, XPS Pensions Group’s 23% revenue rise, and risk transfer volumes predicted to hit £360bn in next five years.

Oliver-morley , Caroline-siarkiewicz , Clark-peacock , Pensions-group , Pensions-service , Pension-protection-fund , Lifetime-savings-association , Protection-fund , Plsa , Op-5 , Ps-pensions-group , Uy-in

DWP consults on options for further hike in general levy over three years

The Department for Work and Pensions (DWP) has launched a consultation seeking views on further proposed changes to the general levy on occupational and personal pension schemes.

Pensions-service-maps , Pensions-regulator , Pensions-ombudsman , Pensions-service , Department-for-work-and-pensions- , Wp , Eneral-levy , He-pensions-regulator- , Pr , Aps , Oney-and-pensions-service

Nest Insight opt-out payroll savings trial reports surge in participation rates

Nest Insight’s trial of opt-out approaches to payroll-linked saving has reported that participation rates have jumped by 50% when compared to opt-in approaches.

Blackrock , United-kingdom-general- , United-kingdom , Emma-stockdale , John-beshears , Michael-royce , Jay-garg , Gemma-gooch , Sarah-holmes-berk , David-laibson , Nick-speight , Jo-phillips

Carolines on the move: FSCS and Maps both confirm CEO departures

FSCS chief executive (CEO) Caroline Rainbird has departed after more than four years in the role.

Sara-weller , Marshall-bailey , Fiona-kidy , Caroline-siarkiewicz , Pensions-service-maps , Pensions-advisory-service , Money-advice-service , Pensions-service , Arshall-bailey , Scs , Oney-and-pensions-service , Aroline-siarkiewicz

FCA, FSCS and others praise British Steel work carried out by regulators

A group of the UK’s regulators including the Financial Conduct Authority (FCA) say they are “proud” of the cross-regulatory work carried out on handling the members of the former British Steel Pension Scheme (BSPS).

United-kingdom , British , Pensions-service , Financial-ombudsman-service , Financial-services-compensation-scheme , Pensions-regulator , Wider-implications-framework , Pensions-ombudsman , British-steel , Fca , Inancial-ombudsman-service

Consumer Duty and vulnerable clients: Strategies for 2023

With Consumer Duty taking effect in just six months, what progress was made in 2022 towards achieving good outcomes for vulnerable customers? And what can we expect in 2023? Jonathan Barrett shares his views...

United-kingdom , Britain , Organisation-for-economic , Pensions-service , Financial-conduct-authority , Financial-lives , Economic-co-operation , Consumer-duty , Fca , Oney-and-pensions-service , Onsumer-duty

TPR issues guidance urging trustees to support DC savers during cost of living crisis

Savers must be supported during current economic volatility amid concerns the value of some defined contribution (DC) pots has fallen, The Pensions Regulator (TPR) says.

United-kingdom , Carolyn-jones , Joe-dabrowski , David-pharo , Laura-trott , Lifetime-savings-association , Pensions-administration-standards-association , Pensions-service , Pensions-service-moneyhelper , David-fairs , Money-helper , Pension-wise