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NEWS
Law360: The government must abandon its controversial plans to tackle the proliferation of small pension pots and instead revisit a solution that was passed into law a decade ago, a consultancy said on 19 April 2024.
NEWS
Law360: The government has not effectively held to account the administrator of the £189bn Civil Service pension scheme for failing to meet historic performance targets, the National Audit Office (NAO) has said, urging policy makers to learn from the failures.
NEWS
Law360: The government should give 'much more thought' to its plans to apply inheritance tax (IHT) to wealth transferred through pensions to ensure the proposals are implemented fairly and effectively, Lane Clark & Peacock LLP (LCP) has said.
NEWS
Law360: On 18 December 2024, experts told parliament that the government must pause any further policy decisions on the state pension until it carries out its review into retirement savings adequacy.
NEWS
Law360: The Labour government should reform £66bn worth of pension tax relief to raise extra revenue to help plug the black hole in public finances, a think tank affiliated to the party has said.
NEWS
Law360: The government should legislate to allow more flexible use of surpluses in defined benefit (DB) pension plans, a financial services consultancy has said, arguing that regulatory reform could generate £400bn in additional capital.
NEWS
Law360: The government must reform its scam protection regulations in the face of spiraling delays in transferring pension savings, PensionBee, a pensions provider, warned in a report published on 16 May 2025. It called on the government to introduce legislation requiring pension transfers to be carried out within ten days.
NEWS
Law360: The government should consider alternatives to its plan to bring pension assets within the scope of inheritance tax, an online investment company has said, warning that the current proposals could create 'financial gridlock'.
NEWS
Law360: Women Against State Pension Inequality (WASPI), a campaign group of women who lost out after the government failed to tell them that their retirement age had changed, have called for the 'swift implementation' of a compensation programme by the new Pensions Minister.
NEWS
Law360: The government should stagger the raft of proposed fixes to the Local Government Pension Scheme (LGPS) so as not to overwhelm administrators, Hymans Robertson has warned, calling for expectations to be realistic.
NEWS
Law360: The government said 7 August 2024 that it wants the UK to adopt a Canadian-style model for pensions, with a handful of megafunds investing in vital infrastructure projects to 'fire up' the economy.
NEWS
Law360: The government announced on 30 January 2025 that it is considering allowing the Pension Protection Fund (PPF) more flexibility over how it sets its levy, as it looks at further measures to boost economic growth.