The PMI response to DWP consultation ‘Taking action on climate risk: improving governance and reporting by occupational pension schemes’
The PMI welcomes this consultation and Government efforts to tackle climate change. The climate challenges facing our planet pose an existential threat and it is only right that institutional investors, including pension funds, are at the forefront of building a more climate-friendly and sustainable future.
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The PMI response to TPR consultation: ‘Pensions of the future – A discussion on our strategy’
PMI runs a biannual member survey called ‘PMI Pulse.’ The most recent Pulse survey ran over November 2020, and we used it as an opportunity to ask our members the questions in this consultation. Our response to this consultation is therefore greatly influenced by the responses we received and so can be perceived as the aggregated views of PMI members as a whole.
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PMI's response to HM Treasury 'Pensions tax relief administration: call for evidence'
Traditionally occupational schemes have used net pay, whereas group schemes have used relief at source. There are some exceptions to this, most notably NEST using Relief at Source. This is in part historical, but was also driven by the tax rules in place at the time.
Multi-employer schemes and providers will offer what their customers demand, balancing out various areas of the proposition including charges, investments, governance, and communications.
PMI's response to Department for Work and Pensions 'Taking action on climate risk: improving governance and reporting by occupational pension schemes'
We support this consultation and what the Government is trying to achieve. Climate change is an existential issue, and pension funds, as significant institutional investors have a role to play, along with others, in protecting the planet for future generations.
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PMI's response to the Work and Pension Committee’s Call for Evidence 'Impact of pension freedoms and protecting pension savers'
What is the prevalence of pension scams? Information regarding pension scams is not readily available, so, from a macroperspective, it is difficult for providers and industry bodies to comment on the true extentof pension scams. There is no doubt that pension scams are an issue, but it is difficult toget a true picture of the types and magnitude of scams taking place, and the PMI wouldbe supportive of efforts to improve industry-wide dataon the prevalence of scams.
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PMI's response to Pensions Dashboard Programme 'Call for Input on the Working Papers on data standards'
The Pensions Dashboard Programme (PDP) has launched a call for input on the information that pension schemes will need to supply to pensions dashboards. In preparing our response to this Call for Evidence, PMI conducted a membership survey. This ran for two weeks and received 125 responses.
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