Events listed in [DWP] Department for Work & Pensions
Automatic enrolment: Alternative quality requirements for defined benefits and ...
ID 23253
The Department for Work & Pensions (DWP) has launched a new [call for evidence](https://www.gov.uk/government/consultations/automatic-enrolment-alternative-quality-requirements-for-defined-benefits-and-hybrid-schemes-being-used-as-a-workplace-pension/automatic-enrolment-alternative-quality-requirements-for-defined-benefits-and-hybrid-schemes-being-used-as-a-workplace-pension) in which it primarily seeks feedback on the functioning of the alternative quality requirement t ...
Technical amendments to the Pension Protection Fund and Fraud Compensation Fund ...
ID 22157
The Department for Work and Pensions (DWP) has published a consultation outcome paper concerning its proposed technical amendments to the Occupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) Regulations 2005 (SI 2005/2184) and the Pension Protection Fund (Compensation) Regulations 2005 (SI 2005/670). In this paper, the DWP outlines the feedback it has received to its consultation on proposed revisions to above noted regulations ...
Government backs bill to expand pension saving to young and low earners
ID 22141
On March 3, 2023, the Department for Work and Pensions (DWP) published a press statement to announce that it will support the so-called „Jonathan Gullis MP’s Private Members Bill“ (Pensions (Extension of Automatic Enrolment) (No. 2) Bill) whose key provisions would result in – the reduction of the age limit to 18 years for becoming automatically enrolled in occupational pension schemes; and – the ...
Broadening the investment opportunities of defined contribution pension schemes
ID 21631
This consultation outcome as regards statutory guidance with respect to below noted obligations of defined contribution pension schemes (DCPS) was published by the Department of Work and Pensions (DWP) on January 30, 2023. It follows the finalization of a new draft statutory instrument in this context which is currently under legislative scrutiny. Specifically, last year, the DWP sought feedback on a proposal to allow ...
Addressing the challenge of deferred small pots
ID 21627
In an effort to increase efficiency in the administration and management of deferred small retirement pots (small pots) and to increase the awareness of pension scheme members about their different retirement (investment) pools and possible consolidation alternatives, the Department of Work and Pensions has launched a call for evidence on this matter. Specifically, following the work of the Small Pots Cross-Industry Co-ordination Group which ...
Extending Opportunities for Collective Defined Contribution Pension Schemes
ID 21624
The Department for Work and Pensions (DWP) has launched another consultation relating to collective defined contribution pension schemes (CDCs). Specifically, the DWP seeks to broaden the opportunities of CDCs „beyond single or connected employer schemes to accommodate multi-employer schemes“ and master trust schemes which could provide „whole-life“ pension products accumulating and decumulating pension benefits – or either of the two. Additional ...