‘Work isn’t work if it’s fun’ is an adage that has led me to make what many consider to be some terrible decisions in my career and academic life. It started in 1989 when after studying marine and environmental biology, I went on to do a PhD on the impact of climate change related extreme weather events on the reef ecology of the Indian Ocean. During the next four years, I was attacked by sharks, caught by a waterspout and suffered dengue fever. But throughout, I did have a real sense of purpose, and studying reefs had some fringe benefits too!
Here David Fairs gives an update on recent activity from The Pensions Regulator (TPR) and highlights how TPR has responded clearly, quickly and decisively to change so that workplace pensions work for all savers
Pensions policy: bringing tomorrow’s challenges to today’s debate
Encouraging people to take a long-term view on pensions planning can be challenging. Labour’s Shadow Work and Pensions Team discuss how a positive impact could be achieved for all generations saving for their retirement by accelerating policy initiatives in progress.
The consultation on The Pension Regulator’s (TPR’s) new ‘super code’ ended on 26 May 2021. It is expected to come into force sometime later this year, but trustees and other governing bodies should start to get ready for it now. The new Code is much more than a copy and paste of extracts from the existing TPR Codes of Practice, and includes, in addition to revisions to existing requirements, brand new content around pension scheme governance and management.
In the majority of cases, a buy-in will be detrimental to the trustees’ ability to achieve a buy-out, requiring re-risking a pension scheme’s portfolio of assets or pushing out the time frame.
