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Displaying items by tag: DWP

Baroness Ros Altmann has accused the Government of complacency after it published proposed changes to workplace Defined Benefit pensions.
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The Department for Work and Pensions has launched a Green Paper to consult on significant proposed changes to workplace Defined Benefit pensions which cover 11m people.
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Wednesday, 21 December 2016 12:52

Ex-Defence Minister given pensions role

A former Department of Defence Minister has been handed a new ministerial role at the Department for Work and Pensions.
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The FCA’s chief executive has warned some pension providers they must take action quickly after the regulator found customers were still at risk of high costs and charges.
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A review on whether the link between the auto enrolment earnings trigger and income tax should be axed next year moves closer to a conclusion next week.

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Wednesday, 15 October 2014 12:30

Auto-enrolment earnings trigger may be frozen

The link between the auto enrolment earnings trigger and income tax could be axed next year.

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Hargeaves Lansdown says the DWP is right to consult on a charge cap on workplace pensions and changes should be made, particularly on older schemes.
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After the mixed reactions to DWP's paper, 'Government response to the consultation: Improving transfers and dealing with small pension pots', Xafinity, the UK pensions and payments specialists, is encouraging the Department to push forward with a virtual amalgamation tool for pensions.
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The Department for Work and Pensions (DWP) says more than 500,000 people are expected to saving in a workplace pension through auto-enrolment for the first time by Christmas.
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