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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PMI's response to The Pensions Regulator 'Defined benefit funding code of practice'
Following detailed consultation with relevant stakeholders, in its white paper'ProtectingDefined Benefit Pension Schemes', the government concluded that'the system is currently working well for the majority of Defined Benefit schemes, trustees and sponsoring employers'.Further, the government set out its intentions in relation to its approach for the future of the system:'…we are clarifying the rules and expectations…but not otherwise making fundamental changes to the existing system.'
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The PMI's response to DWP's 'Review of the Default Fund Charge Cap and Standardised Cost Disclosure'
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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Response from the Pensions Management Institute to DWPs consultation ‘Simpler benefit statements
PMI is the professional body which supports and develops those who work in the pensions industry. PMI offers a range of qualifications designed to meet the requirements of those who manage workplace pension schemes or who provide professional services to them. Our members (currently some 6,000) include pensions managers, lawyers, actuaries, consultants, administrators and others. Their experience is therefore wide ranging and has contributed to the thinking expressed in this response.
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Future of Trusteeship and Governance Response from PMI
Response from the Pensions Management Institute to TPR’s Consultation ‘Future of Trusteeship and Governance’
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