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Government answers to WPC's tough questions

The government has indicated it will not make changes to tax policies to make it easier for savers to take out their pension commencement lump sum (PCLS) before accessing their pension for the purpose of funding retirement.

United-kingdom , British , Pensions-service-maps , Department-for-work , Pensions-administration-standards-association , Pensions-committee , Financial-conduct-authority , Lifetime-savings-association-of-british-insurers , Pensions-regulator , Lifetime-savings , British-insurers

TPR and FCA working well together, government tells WPC

The government has defended the level of joint work undertaken by The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) pointing to market differences as the blockade for an increase to it.

Pensions-service-maps , Department-for-work , Pensions-committee , Pensions-service , Map-moneyhelper , Wpc-reforms , Pr , Ca , Wp , Oney-and-pensions-service ,

WPC call for yearly freedoms success reporting quashed

Annual assessments of pension freedoms and annual reporting of its work in relation to pensions advice is not necessary, the government has said.

Pensions-service-maps , Department-for-work , Pensions-committee , Financial-conduct-authority , Pensions-management-institute , Pension-wise , Pensions-service , Wpc-reforms , Ork-and-pensions-committee , M-treasury , Inancial-conduct-authority

MPs automation proposal for Pension Wise rejected

The Work and Pensions Committee’s (WPC) call to trial automatic Pension Wise appointments has been rejected by the government.The Work and Pensions Committee’s (WPC) call to trial automatic PensionWise appointments has been rejected by the government.

Pensions-service-maps , Department-for-work , Pensions-service-maps-moneyhelper , Financial-conduct-authority , Pension-wise , Pensions-service , Pensions-regulator , Wpc-reforms , Pc , Wp , Oney-and-pensions-service

User trust in dashboards is step one, government says

Savers need to trust pensions dashboards once they are introduced before any functionality upgrades to allow transactions to take place are added on, the government says.

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WPC automation proposal for Pension Wise rejected

The Work and Pensions Committee’s (WPC) call to trial automatic PensionWise appointments has been rejected by the government.

Pensions-service-maps , Department-for-work , Pensions-service-maps-moneyhelper , Financial-conduct-authority , Pension-wise , Pensions-service , Pensions-regulator , Wpc-reforms , Pc , Wp , Oney-and-pensions-service