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With a little more time before pension schemes need to connect do dashboards, we explore the actions you can take, to get ready.
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The Pensions Regulator (TPR) has highlighted how last autumn’s economic turmoil reinforces the need for trustees to stay focused on protecting savers from any sign of economic volatility.
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Automatic enrolment is set to expand again after a bill to grant two new extensions received Royal Assent in September 2023. Brought by Jonathan Gullis MP, the new bill could allow millions of people to save more towards their retirement and start saving at a younger age.
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On 22 November, Chancellor of the Exchequer Jeremy Hunt unveiled the government’s latest tax and spending plans saying “we back British business” announcing 110 growth measures which he said would boost business investment by £20bn a year.
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An independent review has urged the Department for Work and Pensions (DWP) to assess the case for formal regulation of pension scheme administrators after concluding that the current regulatory engagement provides an ‘unsatisfactory half-way house.’
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The Pensions Regulator (TPR) has recently highlighted the key role that administrators of pension schemes play in protecting savers and said it will be changing its regulatory approach in order to establish a closer working relationship with pension administrators.
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