The Pensions Regulator (TPR) has confirmed what it calls a “fundamental shift” in its approach to workplace pensions, unveiling a corporate strategy increasingly focused on defined contribution (DC) savers.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
Find whitepapers
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
Find whitepapers
DWP confirms general levy hike from April; Option one chosen
Smith: It is only fair that DB schemes pay the most as this is where most of the regulator’s energy is focused
The Occupational and Personal Pension Schemes (General Levy) Regulations Review 2020, the DWP said option one was preferred as it would better reflect the differing levels of attention devoted by the supervisory regime as against scheme type .
At the same time, it said this option would preserve the collective approach that underpins the current levy system , together with the inherent simplicity and operability of a levy system based on the number of members in each scheme.