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Rising prices add almost 20% to "Minimum" cost of retirement
12 January 2023
Retirees trying to achieve a basic standard of living will have seen their expenditure increase over the last year by almost 20% due to high inflation, highlighting the need for pension reform to help more people achieve an adequate i...
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PLSA comments on the publication of TPR’s new DB Funding Code consultation document
16 December 2022
The Pensions and Lifetime Savings Association (PLSA) has commented on the publication of The Pensions Regulator’s (TPR) Defined Benefit (DB) Funding Code consultation document.Tiffany Tsang, Head of DB, LGPS and Investment, PLSA, said...
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PLSA welcomes dashboards consultation, but cautions that extensive user testing will be required to ensure dashboards are safe for savers
01 December 2022
The PLSA has today (1 December) welcomed two consultations launched by the Financial Conduct Authority (FCA) and the Pensions Dashboards Programme (PDP) on the crucially important rules and standards for pensions dashboards that will ...
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Productive Finance Working Group publishes guides to help pension schemes understand risks and opportunities of investing in illiquid assets
24 November 2022
New guides designed to help defined contribution (DC) pension schemes understand the key considerations and risks around investment in less liquid assets has been published today by a pensions industry working group convened by the Ba...
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PLSA welcomes State Pension triple lock increase
17 November 2022
The Pensions and Lifetime Savings Association (PLSA) has commented on the Autumn Budget. Nigel Peaple, Director of Policy and Advocacy at the PLSA said: “The PLSA welcomes the rise of the State Pension by £870 in line with inflation a...
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PLSA appoints two Policy Committee Chairs
15 November 2022
The Pensions and Lifetime Savings Association (PLSA) has appointed chairs to two of its Policy Committees. The PLSA’s four Policy Committees – representing the defined contribution, defined benefit, local authority and master trust se...
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Retirement Living Standards Award winner named
13 October 2022
The winner of the Pensions and Lifetime Savings Association’s (PLSA) second Retirement Living Standards Awards has been named at this year’s Annual Conference.Following a robust judging of each entry, Standard Life has been selected t...
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Winner of the 2022 Pension Quality Mark Distinction Award announced
13 October 2022
The Pension and Lifetime Savings Association (PLSA)’s has announced that Lubrizol Group Personal Pension Plan is the winner of its Pension Quality Mark (PQM) Distinction Award.The announcement was made at the PLSA’s Annual Conference ...
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PLSA proposes reforms to add almost £4,000 – or 25% – to median earner’s annual income in retirement
12 October 2022
The Pensions and Lifetime Savings Association (PLSA) has recommended the government to make five reforms to the UK pensions system to help millions of people achieve a better income in retirement. In the 10 years since Automatic Enrol...
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Statement by the PLSA on Bank of England action and gilt market volatility
11 October 2022
The PLSA welcomes the Bank of England’s continued steps to ensure the orderly operation of the gilt market in the wake of record volatility in the price of government bonds. The announcement today that the Bank will offer to purchase ...
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