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Helping members run their schemes, February 2025 Update 03 February 2025, Blog I am sure you will have spotted that the Chancellor’s big speech on growth last week included – yet again – a prominent role for pensions. This time it was an announcement on DB surplus. As you would expect, our team is fully engaged ... Read more

PPF levy cut is a significant saving for defined benefit funds 30 January 2025, Press Release The levy is paid by defined benefit schemes to fund the operation of the PPF, which was set up to protect pension members in the result of an employer insolvency. With more than £13bn in surplus, the PPF’s ability to withstand claims ... Read more

Don’t make pension schemes tax administrators 22 January 2025, Press Release The key concerns include both potential unintended consequences for bereaved families, and a severe operational impact on pension schemes. The proposals, set to take effect in April 2027, aim to tighten the current IHT rules regarding... Read more

PLSA SUPPORTS AIMS OF MANSION HOUSE PROPOSALS BUT WARNS OF IMPLEMENTATION ISSUES, UNINTENDED CONSEQUENCES AND CHALLENGING TIMELINES 16 January 2025, Press Release These are all objectives that the PLSA strongly supports. Further consolidation of pension assets is likely to bring efficiency and governance benefits that will lead to better outcomes for UK savers. However, we would highlight that ... Read more

Half of savers have never considered increasing workplace pension contributions 14 January 2025, Press Release 48% of people know the process to change their pension contributions with their current employer, but 50% say they have never considered increasing their current workplace pension contributions. Almost three in ten say they don’t know... Read more

Helping members run their schemes, January 2025 Update 13 January 2025, Blog It is a pleasure to wish all our members a Happy New Year. We start with some ‘news just in’ as I write this - HM Treasury’s very welcome decision to maintain the pension scheme exemption from central clearing – not just for a year or... Read more

THE PLSA'S Retirement Living Standards' Christmas Hamper 24 December 2024, Press Release These standards are based on independent research and extensive consultations with the British public. To make these standards more relatable and encourage engagement with retirement savings, we’ve created examples of Christmas hamper... Read more

PLSA supports pause on PPF levy decision to allow time for necessary reform 12 December 2024, Press Release Under the current legislative framework, annual increases to the levy are capped at 25%. Consequently, the PPF had proposed imposing a levy of £100m on defined benefit pensions to allow for future increases should scheme funding stren... Read more

PLSA comments on FCA Advice-Guidance Boundary Review 12 December 2024, Press Release The Pensions and Lifetime Savings Association (PLSA) comments on the FCA’s Advice-Guidance Boundary Review. Zoe Alexander, Director of Policy and Advocacy at the Pensions and Lifetime Savings Association (PLSA) said: “We’re pleased to... Read more

PLSA recruiting pension experts to join Policy Board 11 December 2024, Press Release Formed in 2018, the Policy Board is comprised of experts across the PLSA’s broad membership. It guides and decides on the PLSA’s public policy positions with a remit stretching across all aspects of policy work on pensions and lifetim... Read more

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