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DWP outlines routes for multi-employer DC schemes to meet PSB scale measures


By Jack Gray

The Department for Work and Pensions (DWP) has published a paper detailing its policy principles in relation to the scale and consolidation measures for multi-employer defined contribution (DC) schemes, which form part of the Pension Schemes Bill (PSB).

It noted that the paper provided an overview of the government’s direction of travel ahead of a full consultation on regulations, and that it did not replace formal consultation or anticipate the final regulatory framework


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TPR publishes statement to help DC master trust trustees meet PSB scale requirements

The Pensions Regulator (TPR) has published a statement aimed at supporting multi-employer defined contribution (DC) scheme trustees with meeting the new scale requirements set out in the Pension Schemes Bill (PSB)

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AI-driven investment strategies could help boost pension schemes' risk-adjusted returns

Artificial intelligence (AI)-driven investment strategies could help pension schemes improve risk-adjusted returns without increasing portfolio risk, according to SmartWealth Asset Management AG CEO, Dr Miro Mitev

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PSAG welcomes government’s new fraud disruption unit

The Pension Scams Action Group (PSAG) has welcomed the government’s launch of a new fraud disruption unit as part of a wider strategy to tackle fraud across the UK

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Industry calls for testing period ahead of VFM Framework rollout

Industry bodies have urged the government and regulators to conduct further testing of the proposed Value for Money (VFM) Framework before it is formally introduced, warning that rushing its implementation could pose significant risks to pension schemes and savers

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Over two in five business leaders back rise in AE contributions

Over two in five (43 per cent) business leaders believe minimum workplace pension auto-enrolment (AE) contribution levels should increase, according to research from Standard Life’s Centre for the Future of Retirement

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PIC appoints Michael Eakins as CEO

Pension Insurance Corporation (PIC) has appointed Michael Eakins as its new chief executive officer (CEO), subject to regulatory approval

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