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Gold-plated pension warning as pots at risk of 'being finished off' by new restrictions | Personal Finance | Finance

The Work and Pensions Committee calls for a fresh approach to funding regulation.

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Government issues response to WPC report on DB schemes with LDI

The government has issued its response to the report published by the Work and Pensions Committee (WPC) on defined benefit (DB) schemes with liability-driven investments (LDI).

United-kingdom , Stephen-timms , National-competent-authorities , Pension-protection-fund , Financial-conduct-authority , Financial-policy-committee , Department-for-work , Mini-budget , Pensions-regulator , Markets-authority , Pensions-act , Occupational-pension-schemes

SPP: Why did DB decline and how to treat scheme surpluses

In the Society of Pension Professionals’ (SPP’s) latest column for Professional Pensions, the organisation’s president takes a look at the WPC’s inquiry into DB pension schemes and writes his tribute to former SPP chair, Hugh Nolan, who passed away at the end of April.

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Cold feet on pension reforms risks freezing people out

The UK is sliding towards a serious savings crisis, with many people feeling unable to put away enough money for a comfortable retirement.

Work-and-pensions-committee , Pc , E , Cottish-widows , Ete-glancy ,

Trustee understanding a key issue in LDI crisis, WPC told

There is a “reasonably strong argument” that trustees should be regulated in order to improve their capability and understanding, the Work and Pensions Committee (WPC) has heard.

Stephen-timms , Harus-rai , David-fogarty , Barnett-waddingham , Dalriada-trustees , Association-of-professional-pension-trustees , Professional-pension-trustees , Sir-stephen-timms , Pensions-regulator , Mini-budget , Work-and-pensions-committee , Pc

WPC inquiry hears calls for LDI leverage constraints

Regulators should introduce greater guidance around the amount of leverage allowed in liability-driven investment (LDI) portfolios to stop “competitive pressures” ratcheting up the levels of systemic risk in schemes once again.

Stephen-timms , Leah-evans , Clark-peacock , Jonathan-camfield , Pensions-committee , Sir-stephen-timms , Pensions-regulator , Work-and-pensions-committee , Pc , Onathan-camfield , Tephen-timms , Di

BBC News

and pensions said they had already restricted the total amount of deductions that could be taken to 25% of payment, and doubled the amount of time people have to pay money back to two years. asjodine braces herself for higher bills, that doesn't feel like enough, but she thinks that pausing deductions would help. it would at least give me a standing point to kind of put myself back on an even keel. colletta smith, bbc news. let's speak now to sir stephen timms, labour mp and chair of the work and pensions committee. welcome to you, thanks very much for being without. we were hearing one woman's experiences of how tough her experience is, but also an explanation of why money is often deducted, is that not a reasonable explanation, if people are away money back. reason?— explanation, if people are away

People , Money , Deductions , Amount , Payment , Asjodine , Bills , Two , 25 , Enough , Doesn-t , Put

Breakfast

or to change the date to a later time. there will be a knock—on effect and the impact tomorrow will be felt. and another strike planned on saturday and further strikes if things do not move forward on the 18th and 20th of august. network rail say there is a deal and they are offering a 4% increase in pay and another 4% if terms and conditions are met but unions say the terms and conditions are not good enough and they say they would include compulsory redundancy and in their words a chasm remains and they say they are fighting for what is fair. we will speak to the union and network rail throughout the morning. thank you. vulnerable people are being pushed into destitution, according to a group of mps who are calling for the government to stop docking benefits payments during the cost of living crisis. the work and pensions committee says around two million claimants have money deducted each month to cover debt, advances and overpayments, as our consumer affairs correspondent colletta smith

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DWP plans more engagement on 2017 AE review measures

More engagement with stakeholders can be expected before the government can implement ambitions set out in its 2017 review of auto-enrolment (AE).

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Wednesday in Parliament

six former work and pensions secretaries have urged ministers not to end the uplift. therese coffey was giving evidence to mps on the work and pensions committee. ahead of october, we will start communicating with the current claimants who receive the £20 to make them aware that that will be being phased out, and they will start to see an adjustment in their payments. i think it really kicks in largely in october, but it will start to kick in, i think towards late september for some people. so the current proposal is that we will be recognising that this was brought in in—line with the temporary measures to support people during the covid pandemic. it's being phased out in line with all the other temporary measures that are also being removed. so you're resigned to the fact that the treasury won't be giving the money to continue this for the rest of

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