It's been a whirlwind week as many in the pensions industry headed up to Manchester for the Pensions and Lifetime Savings Association Annual Conference 2023! With so many industry updates, we've rounded up our top highlights and debates from the annual conference and the wider industry this week... The Pensions and Lifetime Savings Association shared updated recommendations on the 'Five Steps to Better Pensions' - https://lnkd.in/eSFMaSHP - alongside new proposals to help encourage greater investment in assets that can promote growth in the UK economy - https://lnkd.in/epkBwYnT The pensions industry was urged to ensure that it is prepared for an increasing amount of consolidation -https://lnkd.in/eCx7Kbyf The Pensions Regulator confirmed plans to take 'assertive' action against those schemes failing to meet its value for money expectations - https://lnkd.in/eGKxzy9T The Department for Work and Pensions (DWP) revealed plans to consult on decumulation communications "in the next few months" - https://lnkd.in/evGG47_e - also providing an update on its ongoing small pots work - https://lnkd.in/eDYZRST2 The Taskforce on Social Factors launched a consultation on new recommendations as to how the pensions industry can better incorporate social factors into investment decisions - https://lnkd.in/ew8WArFe
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In this week's news round-up, Reeves proposes pensions overhaul to spur growth plus more! Read now: https://ow.ly/6GU450Qb6XB #actuarialcareers #actuarialnews
Actuarial News |Reeves proposes pensions overhaul to spur growth & more...
https://www.actuarialcareers.co.uk
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The Department for Work and Pensions (DWP) has published guidance setting out a staged timetable for connection to the Pensions Dashboards. This welcomed development sets out a condensed 18-month staging timeline for pension schemes, meaning that from today, the first schemes to connect will have a little over 12 months to ensure they're ready for connection ahead of the 31 October 2026 deadline. Heywood Chief Strategy Officer Chris Connelly commented: "The minister has just confirmed the dashboard staging dates, giving the very first providers a little more than the 12 months’ notice they were promised. It’s welcome news as it gives the certainty that many schemes and providers were holding out for before getting going in earnest. We encourage anyone who has not already started to prepare to use this announcement as their starting pistol. There is a lot to get done. We are now helping the PDP to complete all of the remaining standards and guidance that ISPs, providers and schemes will need to finish the job." You can read the full guidance from the DWP here: https://lnkd.in/eXxaH5sM
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Yesterday, the Department for Work and Pensions (DWP) published guidance setting out a staged timetable for connection to the Pensions Dashboards today. The Pensions Dashboards Programme (PDP) are back on track and the countdown to connection has begun! In this update, Pensions Dashboards Lead John Dale explains the new staging profile for connecting to pensions dashboards, what schemes need to do now to start preparing and how Heywood can help. Read the update here: https://lnkd.in/gDyxwhRu
DWP's Latest Guidance on Pensions Dashboards Connection: Your Complete Guide
heywood.co.uk
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The UK Pensions Primer 2024 The Pensions Policy Institute is today releasing the highly anticipated annual update of the UK Pensions Primer. The Primer provides an outline of the UK pensions system and the influences of current policy. The guide is intended for people wanting to learn about, or update their knowledge relating to, current UK pensions policy and covers both the State and private pensions. The 2024 version reflects the current position of, and legislated future changes to the UK pensions system as at 4 July 2024. The Pensions Primer forms part of the PPI's core work, which is funded by donations received from Supporters and individuals. THANK YOU! Details of our current Supporters can be found in the link below https://lnkd.in/etscYc8Z Download the Pensions Primer from the link below 👉 https://lnkd.in/eUVUBRR4 #Pensions #retirement #laterlife #statepension #privatepension #definedcontribution #definedbenefit #collectivedefinedcontribution #retirementsavings #knowledge #introduction
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We are delighted to announce that Muzinich has been shortlisted for two awards at the upcoming European Pensions Irish Pensions Awards 2023 in the following categories “Investment Manager of the Year 2023” & “Fixed Income Manager of the Year 2023”. European Pensions note that “The awards aim to give recognition to those pension funds, pension providers, advisers and pension professionals who strive to maintain the highest standards of excellence and professionalism in everything they do, despite the challenging economic and political landscape they find themselves operating in. To learn more about the awards please click here - https://lnkd.in/dgjVEvh #IrishPensionsAwards Descriptions of, or references or access to other publications do not imply endorsement of those publications. The award mentioned above may not represent investor experience with Muzinich & Co. or Muzinich funds or services, nor does it constitute a recommendation of Muzinich & Co. or its services. Please click to learn more about the awards, methodology and criteria. https://lnkd.in/e7ydx8Az
Irish Pensions Awards 2023
europeanpensions.net
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Time to take control of your; · Previous employer-sponsored pensions · Current employer-sponsored pensions · Past & present personal pensions · Pensions issued in the UK …by talking to Advocate! We will assess your past and present pension situation, find out what your options are and put a plan in place to keep these all under one convenient umbrella! Interested in learning more? Request a complimentary initial consultation - https://lnkd.in/g5tVDzcS #financialgoals #financialadvice #financialservices #financialadvisor #investment #incomeprotection #pensionplanning #familyprotection #IrishFinance #MoneyMattersIreland #FinancialFreedom #SmartInvesting #SecureBanking #WealthManagement #SavingsTipsIreland #RetirementPlanning #FinancialEducation #InvestmentStrategiesIE #PersonalFinance #BudgetingTipsIreland #MoneyManagement #CreditScoreIreland #MortgageAdvice #TaxPlanning #FinancialPlanning #businessfinance #pensionplanning
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Time to take control of your; · Previous employer-sponsored pensions · Current employer-sponsored pensions · Past & present personal pensions · Pensions issued in the UK …by talking to Advocate! We will assess your past and present pension situation, find out what your options are and put a plan in place to keep these all under one convenient umbrella! Interested in learning more? Request a complimentary initial consultation - https://lnkd.in/g5tVDzcS #financialgoals #financialadvice #financialservices #financialadvisor #investment #incomeprotection #pensionplanning #familyprotection #IrishFinance #MoneyMattersIreland #FinancialFreedom #SmartInvesting #SecureBanking #WealthManagement #SavingsTipsIreland #RetirementPlanning #FinancialEducation #InvestmentStrategiesIE #PersonalFinance #BudgetingTipsIreland #MoneyManagement #CreditScoreIreland #MortgageAdvice #TaxPlanning #FinancialPlanning #businessfinance #pensionplanning
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Going back to school This month’s article from The Pensions Archive Trust director Jane Marshall links the return to school with Pension Awareness Day and the history of pensions education and pensions communications. It was of course written when most of us thought Aero concrete was a stale chocolate bar .... You can read the article here: https://lnkd.in/e-qk6jVA The article was first published in the September 2023 edition of PensionsAge magazine. #pensions #financialeducation #pensionshistory
Going back to school
pensionsarchive.org.uk
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TPR changes approach to workplace pensions with new functions https://on.ft.com/48soRm8
TPR changes approach to workplace pensions with new functions
ftadviser.com
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🌟 Reflecting on 2023: A year of innovation and insight for DB trustees 🌟 As we round up another busy year, we invite all pension scheme trustees to dive into our comprehensive wrap-up of 2023's standout moments. The highlight of this year was the DB pensions conference, ‘Exploring new horizons’. 🔍 Inside our 2023 highlights: • See a roundup of our top 2023 content • Watch the four videos which featured at our recent conference • Learn about new ways to use AI with LCP • Discover resources paving the way for a successful 2024 👉Discover more here https://bit.ly/3RbUL14 Step into 2024 with confidence, armed with our expert insights and cutting-edge pension technology💡 #PensionSchemeTrustees #DBPensions2023 #FutureOfPensions #LCPInsights #TrusteeResources
LCP's Annual DB pensions conference
gateway.on24.com
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