Tag Archives: Laura Trott

A budget for pensions that are “victims of their own excess”

Posted on March 15, 2023 by henry tapper

Today is budget day and by lunchtime we will know whether the strong rumors that the Lifetime Allowance and Annual Allowance will be adjusted upwards are true. We will also know if the less palatable options around increasing the minimum … Continue reading →

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Let’s put workplace pension saving in perspective.

Posted on March 7, 2023 by henry tapper

A sense of perspective needs to be applied to this headline in Professional Pensions. The Government backing the private members bill that extends auto-enrolment commits them to no more than they promised in 2017 and does not even commit them … Continue reading →

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DWP bets the house on “adequate” DC pensions. No wonder it’s targeting VFM!

Posted on March 5, 2023 by henry tapper

The DWP published a report on Friday that has attracted attention from mainstream and social media. It is the DWP’s first analysis of retirement income in the UK since the analytical report of the 2017 auto-enrolment review and it was … Continue reading →

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The pension dashboard needs more than a reset – it needs a rethink.

Posted on March 3, 2023 by henry tapper

The dashboard is being delayed again. Team PDP is already four years late getting the pension dashboard  crossing the line but our grand-prix racecar is in the best of hands –  even with that retro-refuelling pipe! It was originally intended … Continue reading →

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Pension governance’s new look.

Posted on February 15, 2023 by henry tapper

Two appointments this week have caught my eye. Sara Weller (right) is to replace Hector Sants as Chair of MaPS and Mary Starks is to conduct a three month review (to be delivered in May) of the Pensions Regulator. It’s … Continue reading →

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On the march to better value – 3 ways to get what’s going on with pensions!

Posted on February 2, 2023 by henry tapper

“What is important to me is that when you’re saving into a retirement pension, your money is working for you” – Laura Trott, Minister for Pensions, announced a series of private pension reforms at @ThePLSA yesterday to boost fairness, adequacy … Continue reading →

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Do speculative opinions of future value have a place in VFM statements?

Posted on February 1, 2023 by henry tapper

Jo Cumbo’s post deserves a proper answer Looking for comments on the Government’s proposals to allow #pension providers to use estimates of future investment performance, in their new value-for-money assessment. To be clear, this is about the provider estimating returns … Continue reading →

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Receiving value for your money – the DWP gets it 95% right.

Posted on January 31, 2023 by henry tapper

Insight one “money” is not – “costs and charges ” but “contributions” There came a  moment , as I was reading the DWP’s Value for Money Consultation that you realised that something has changed. For me that moment wasn’t this … Continue reading →

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Pensions – what really matters!

Posted on January 30, 2023 by henry tapper

Today could be a big day for the way we organise our workplace pension system with the DWP’s Laura Trott launching a package of reforms at the PLSA early this afternoon. I will be there and hope to learn how … Continue reading →

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The give and take of workplace pensions (it can’t all be “done for us!”)

Posted on January 28, 2023 by henry tapper

“Done for you” has become an over-worked phrase in a very short time. I started using it to refer to the CDC decumulation solution discussed by Simon Eagle and others where CDC becomes another investment pathway – with the pension … Continue reading →

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