A question that we see regularly in the pensions press is what pensions policy or legislation the industry would like to see over the coming 12 months? The answers are always varied – we all have our own shopping lists – but there are always more ‘wants’ than parliament or regulators have the time or inclination to deliver on.
With small pots and small schemes hot topics once again, the Department of Work and Pensions (DWP) has published a response to its February 2019 consultation on ‘Investment Innovation and Future Consolidation’.
If I was setting a pensions-related quiz for this publication, I would expect a number of you to identify the 1670s as the decade in which pensions originated. Within a generation (1732 to be precise), a saying that has recently been thrust back into the national consciousness was reportedly used for the first time.
How risky does your life feel? In the middle of a pandemic, probably more risky than usual. We’re living through a time where even society’s adrenaline junkies, those most comfortable with taking risks, are probably spending a little time every day weighing up the risk of popping out for a loaf of bread, catching the bus, or hugging their parents.
De-risking from a trustee perspective: can there ever be too much?
“Stay at home. Protect the NHS. Save lives.” A familiar refrain from not so long ago. You may, quite reasonably, wonder what this has to do with pension scheme de-risking. But ‘lockdown’ was clearly a form of de-risking. Similarly, trustee boards have been exhorted to ‘De-risk. Protect the PPF. Save pensions.’
