New Government Lifetime Provider Pensions Policy
New Government Lifetime Provider Pensions Policy
Webinar by PMI
In his Autumn Statement on 22 November, Chancellor Jeremy Hunt announced the introduction of a ‘pot for life’. Currently, when employees start a new job, they are automatically enrolled into their employer’s pension scheme. Currently, employees join a scheme designated by their employer when they start a new job. The prosed change will permit employees to require a new employer to contribute to an existing pensions arrangement nominated by the new employee. The principal objective of this policy is to prevent employees from accruing a succession of small pension pots. However, there is the potential for this change to create significant disruption. This webinar will consider how stapling might be implemented in the UK and identify both the advantages and disadvantages of such a change.
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Fees
free for members and non-members -
4
speakers -
1 hour
of CPD -
Online
BrightTALK
Event Details
THE BASICS
- Pensions Managers
- HR Professionals
- Administrators
- Consultants
- Trade Union Officials
Tom has worked in financial services since 1986. For 18 years he was head of policy and lead pensions spokesman for the investment platform Hargreaves Lansdown. During this time, he was a frequent contributor to media and policy discussions and analysis of pensions. In 2021 Tom conducted an external review of the Money and Pensions Service on behalf of the DWP. He now works for the Edinburgh based consultancy the lang cat, providing financial services firms with strategic advice on policy issues and PR. In 2022 Tom authored an award-winning report on the Equity Release sector, titled House Rules.
I find pensions endlessly fascinating! My first job was as a micro-economist with the Institute for Fiscal Studies for nine years, followed by two years teaching social policy at Bath University. I was unexpectedly elected to Parliament in 1997, and served for 18 years, the last five of which I was the Pensions Minister.
During my time at DWP I oversaw the successful implementation of automatic enrolment, helped design and legislate for the new state pension and played a key role in the ‘pension freedoms’ introduced in 2015.
Since leaving politics I have worked for four years for the mutual insurer Royal London commenting on all matters relating to pensions and in 2020 I joined LCP as a partner, advising and commenting on a wide range of DB and DC pensions issues and speaking at a variety of events.
With an illustrious career spanning senior leadership roles in global asset management, international consulting, and insurance-based pension providers, Andy is considered an authority in the field of DC pensions and retirement savings.
In his most recent permanent role as Global Head of DC for Aviva Investors, he steered the £45bn DC franchise within the asset management arm of this market leading insurer, driving remarkable growth of nearly £10bn in just three years. Andy also played a pivotal role in shaping the future of Aviva Investor’s UK DC and post-retirement investment strategy.
As an active governor of the PPI (Pensions Policy Institute), Andy served as a founding sponsor to the influential UK Pensions Framework Project. This initiative enjoys robust support within governmental circles, with discussions underway to integrate the resulting PPI framework into a possible forthcoming pension commission.
In addition to his strong tenure in senior roles within asset management at JPMAM as well as Aviva Investors, he successfully led the market-leading pension provider business at Zurich, prior to its disposal under M&A to Lloyds Banking Group (Scottish Widows). His career path has also included significant periods in consulting, with notable stints at KPMG, Deloitte, and Mercer.
