Tag Archives: Pension Schemes Bill

With Friends Like These, Who Needs Enemies? The DB Funding Code: An Existential Threat to Open DB Scheme

Posted on November 1, 2020 by henry tapper

  We have been asked what impact the Funding Code would have on open schemes by a number of correspondents.  This blog illustrates why the new funding code is the  biggest risk that open scheme members face . Simply put, … Continue reading →

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“Let my data go” – our plea to parliament

Posted on October 25, 2020 by henry tapper

Submission to the Committee scrutinising the Pension Schemes Bill   1, This submission from Henry Tapper in his capacity as CEO of AgeWage and Chairperson of the Pension PlayPen. These private companies are digital resources for individuals and employers to … Continue reading →

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DB pensions are in a hole, let’s swap the DWP’s spade for a ladder

Posted on October 24, 2020 by henry tapper

    Bowles my liege… It’s a great shame to read Guy Opperman excising Sharon Bowles amendment to the Pensions Act. The Bowles amendment  would give open pension schemes the capacity to be funded as ongoing concerns rather than being … Continue reading →

Posted in dc pensions, de-risking, DWP | Tagged , , , , , , | 2 Comments

Bowles, my liege! DWP’s cruel blow to open pensions

Posted on October 20, 2020 by henry tapper

Like a U-boat slipping silently out of its berth, amendments to the Pension Schemes Bill were launched into the rough swell of political waters on Monday (19th). You can read the amendments here, though they seem to have eluded even … Continue reading →

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Would CDC have surfed the pandemic’s waves? Aon think so

Posted on October 7, 2020 by henry tapper

Earlier this week Willis Towers Watson explained how  an individual’s buying power from a CDC scheme could be 70% higher than from a conventional DC scheme. Hot on its heels, Aon analysis shows UK CDC schemes would have weathered 2020’s … Continue reading →

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Opperman – pensions are for the long term

Posted on July 15, 2020 by henry tapper

  It was good to see Guy Opperman speaking at Professional Pensions Live. This is my take on his speech and the direction of Government pension’s policy as we come out of lock-down and into the summer recess! Recently Guy  … Continue reading →

Posted in advice gap, age wage, Dashboard, open pensions, Pension Freedoms, pensions | Tagged , , , , , , | 1 Comment

Lets stop kidding ourselves about pensions

Posted on July 5, 2020 by henry tapper

Three things prompt me to write this article The work of Dr Iain Clacher and Con Keating into the unequal burden regulation places on the sponsors of defined benefit pension schemes The agreement between unions, Government and employers in the … Continue reading →

Posted in age wage, CDC, consolidation, pensions | Tagged , , , , , | 6 Comments

Time for some fresh thinking on CDC

Posted on April 26, 2020 by henry tapper

  The Pension Schemes Bill is making its way through the House of Lords but now seems unlikely to get Royal Assent before July. If it misses its target and we don’t get an Act till the Autumn, a Royal … Continue reading →

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Now it’s a Pension “Green” Bill

Posted on February 12, 2020 by henry tapper

  The Government has introduced  radical new amendments to the Pension Schemes Bill  which allows it to force effective governance and disclosure of climate risk by occupational pensions schemes. What’s “radical” is that these amendments give the DWP the power … Continue reading →

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The employer’s “duty of care” to choose a workplace pension; the parliamentary debate.

Posted on February 15, 2017 by henry tapper

In my most recent blog, I expressed a hope that the amendment to the Pension Schemes Bill would be accepted (in the full knowledge that it wouldn’t). It was withdrawn by the Shadow Pensions Minister but not without debate. I … Continue reading →

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