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Helping members run their schemes, November 2024 Update
11 November 2024, Blog
I am writing between two major political set-pieces: the Budget, which proved less far-reaching for pensions than many had expected; and this Thursday’s Mansion House Speech, which looks set to make up for that - if our team’s reading...
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PolicyWatch Special Edition - Autumn Budget 2024
30 October 2024, News
The first Labour Budget in 14 years saw the Chancellor focus on building economic stability and delivering on growth. Whilst pensions tax relief speculation had been ramping in the days prior to the Budget, from a pensions policy pers...
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PLSA comments on Budget impact on pensions
30 October 2024, Press Release
Nigel Peaple, Chief Policy Counsel at the PLSA, said: “Contrary to the many rumours that the Budget would undermine pension saving by reducing or removing fiscal support to pensions in general, we were very pleased to see that this di...
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PLSA calls for urgent DWP action to remedy issues arising from Virgin/NTL case
25 October 2024, Press Release
In a case involving Virgin Media and NTL in June 2023, the High Court ruled that a lack of evidence of actuarial confirmation would render relevant amendments to affected contracted-out DB pension schemes’ rules invalid and void. The ...
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Pension schemes confident they are ready for dashboards integration though many challenges ahead
24 October 2024, Press Release
Minister for Pensions Emma Reynolds recently announced the Pensions Dashboards Programme (PDP) will be prioritising work on the launch of the MoneyHelper dashboard service before turning to the work of connecting commercial dashboard ...
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PolicyWatch
24 October 2024, News
In this PolicyWatch, we update members on the PLSA responses to the Pension Protection Fund (PPF) levy rules consultation for next year, as well as the Financial Conduct Authority (FCA) Value for Money consultation. On the Pensions Re...
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Brits missing £31.1bn in unclaimed pension pots
24 October 2024, Press Release
The value of lost pension pots in the UK has risen by 60% since 2018 3.3 million pension pots are now considered lost, at an average sum of £9,470 Visit pensionattention.co.uk today to use the free pension tracing tools The study car...
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PPF levy should be cut to reflect defined benefit sector health
23 October 2024, Press Release
The PPF has sought industry feedback on its plans to maintain the levy at the current level of £100m. In its response to the consultation, the PLSA argues this level is difficult to justify given that improvements in funding levels an...
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Annual Conference interview with Emma Douglas
17 October 2024, News
PLSA Chair Emma Douglas spoke to PLSA correspondent Emma Walden at PLSA Annual Conference 2024. For more interviews from our 2024 Annual Conference in Liverpool, including Harriet Harman, Linda Yeuh, Iona Bain and Paul Watson, visit o...
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Value for Money framework a complex and ambitious initiative that requires more work
15 October 2024, Press Release
In its submission to the FCA’s CP24/16 Value for Money Framework consultation, the PLSA acknowledged the depth and technicality of the consultation and welcomed the extensive engagement the regulator has had with industry to date. How...
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