The PMI welcomes the appointment of Emma Reynolds MP as the new Minister for Pensions. Tim Middleton, PMI’s Director of Policy and External Affairs, commented: “We congratulate Emma Reynolds on her new role and wish her every success. The appointment comes at a time when there is much crucial work to be done. It is clear that our members are keen to see reforms introduced by the new Government. Some proposals could be achieved over the short term, but others would involve major changes that would take years to enact.” View our full press release on this announcement here - https://bit.ly/4d1IKDm #PMIpensions #pensionsuk
Pensions Management Institute (PMI)’s Post
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In this article by Pensions Expert, Trafalgar House Client Director Daniel Taylor emphasises the critical need for organisations to support their employees amidst the rising racial abuse linked to recent riots in the UK. Daniel highlights how reinforcing anti-racism policies and offering flexibility has been vital in ensuring a safe and supportive environment for staff. This proactive approach demonstrates Trafalgar House's commitment to safeguarding employee well-being during these challenging times. Read more: https://lnkd.in/eYmcZzkV #Pensions #PensionScheme #Trustee #PensionFunds #FinancialServices #PensionsUK #FinalSalary #DBPension #DCPension #ProfessionalTrustee #PensionTrustee
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Norma Cohen and Harry Scoffin delivered a fabulous Q&A on the issues surrounding freehold and leaseholds - especially as they touch pensions. Watch the video here
Cohen and Scoffin on the freehold rip-off that costs leaseholders and renters dear.
http://henrytapper.com
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Check out our five key insights. If any of these are of importance to your organisation and you have any questions, do feel free to reach out.
"The upcoming legislation and recent court rulings in Dutch employment and pension law are expected to have a significant impact", says Maartje Govaert, head of our Employment & Pensions team. "Our latest update provides insights on how to navigate the changes in these five key areas of reform." 👉 Read the update: lnkd.in/eW7bgMSs #employmentlaw #pensionsreform #workplaceregulations
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New report from the Social Market Foundation and Cushon reveals strong support for a pension pot for life, but identifies the challenges that must be addressed and the policy and industry infrastructure that must be in place for it to succeed....
🚨OUT NOW: Nearly 80% of Gen Z and Millennials want a single pension pot for life New survey shows younger people in favour of government plans for a pension pot for life, while industry is resistant. But while the public supports member choice in theory, this does not necessarily mean they would take advantage of it. A move to member choice is unlikely to be transformative for engagement with pensions, but useful under new working patterns. It must be accompanied by other reforms, like strict FCA regulations, to avoid a loss of protections for consumers. Read the full briefing, kindly supported by Cushon, here: https://lnkd.in/e2JsbFPs #pensions #smallpots #potforlife #memberchoice #automaticenrolement
Up for grabs? Public attitudes on the pensions 'pot-for-life' proposal - Social Market Foundation.
https://www.smf.co.uk
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🚨OUT NOW: Nearly 80% of Gen Z and Millennials want a single pension pot for life New survey shows younger people in favour of government plans for a pension pot for life, while industry is resistant. But while the public supports member choice in theory, this does not necessarily mean they would take advantage of it. A move to member choice is unlikely to be transformative for engagement with pensions, but useful under new working patterns. It must be accompanied by other reforms, like strict FCA regulations, to avoid a loss of protections for consumers. Read the full briefing, kindly supported by Cushon, here: https://lnkd.in/e2JsbFPs #pensions #smallpots #potforlife #memberchoice #automaticenrolement
Up for grabs? Public attitudes on the pensions 'pot-for-life' proposal - Social Market Foundation.
https://www.smf.co.uk
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"The upcoming legislation and recent court rulings in Dutch employment and pension law are expected to have a significant impact", says Maartje Govaert, head of our Employment & Pensions team. "Our latest update provides insights on how to navigate the changes in these five key areas of reform." 👉 Read the update: lnkd.in/eW7bgMSs #employmentlaw #pensionsreform #workplaceregulations
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Principal at Knight Wealth Management | Financial Adviser | Specialising in creating bespoke financial plans for our clients
Here are a few of the topics and questions we covered last week: 🌲We arranged and put in place protection policies for a Ltd Coy owner to ensure they are covered in the event that they cannot work. 🌲We consolidated a number of pensions for a couple approaching retirement and developed a strategy and plan for them to drawdown on them in the most tax efficient way. 🌲As we are approaching tax year end we having a number of dicsussions around utilising available allowances. The most common ones are ISA allowance (£20k a year) and the annual allowance for pensions. Have a great week! #people #leadership #empathy #listening #financialadvice #wellness #wellbeing #teamwork #culture #planning #financialwellbeing #cashflow #cashflowmodelling #cashflowanalysis #savingsgoals #retirementplanning #moneymanagement #financialfreedom
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The government has published statutory guidance setting out the staged timetable by which it expects pension schemes to connect to the Pensions Dashboards. Jonathan Watts-Lay, Director, WEALTH at work comments; “The upcoming Pensions Dashboards will no doubt be a useful tool for employees, especially for those who have worked several jobs and have pensions from various employers. With the launch of the Pensions Dashboards approaching there is potential to develop this into ‘Open Finance’ which is an extension of Open Banking. This could give people a holistic view of all their finances to consider all savings and investments, which would be particularly useful when planning for retirement...” Read more by clicking here: https://rb.gy/eh6oom
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The world of pensions is ever evolving so each Tuesday we shine the spotlight on a current key issue and share our perspective for #trusteetrendstuesday. With the new government comes potential change to pensions policy. In a recent article for Pensions Expert Scott James Pinder, Head of Corporate Sole Trustee at LawDeb, considered what we may see. Scott sets out two scenarios. The first is that the significant margin of victory opens the door to more radical policy moves. The second is that more urgent priorities leave pensions near the bottom of the political agenda. Regardless of which of these arises there are a number of actions Scott suggests are worth taking: - Review long-term strategy - Consider what lies ahead - Make every pound count - The long game Read the full article here: https://lnkd.in/euwgwwvY Do reach out to Scott to find out more about how we support organisations with governance best practice, whether BAU or thorough regulatory change.
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"Empowering UK Financial Advisers to Take Control, Earn More, and Achieve Career Satisfaction. Let's Find Your Ideal Role." 07815900197 [email protected]
𝐔𝐊 𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 - 𝐀 𝐏𝐢𝐩𝐞𝐝𝐫𝐞𝐚𝐦 𝐨𝐫 𝐑𝐞𝐚𝐥𝐢𝐭𝐲 ❓ 🔍As someone deeply immersed in the financial services industry, I've been closely following the journey of the ambitious UK Pensions Dashboard project. The vision - to provide people with access to their personal and workplace pensions in one place - is undeniably brilliant in theory. But the implementation of such a project has been plagued with delays and scepticism. 👨💼 Paul Maynard, the Pensions Minister, emits nothing but unwavering confidence, insisting that the launch is 'on track' for 2026. But what about their feedback from IFAs and the industry at large? 🦾 As a fervent advocate of technology, I recognise that its proper application can revolutionise industries. However, it's not about the technology alone; it's about how that technology is implemented - and this is where the challenge lies. The technological complexity of the pensions dashboard is undeniable, as highlighted by Graeme Inglis, director of Poise Financial Planning. 💡The real question is, are these complexities being addressed with a proper, realistic timeline in mind? I've seen projects, in my 25 years of experience, fail not because the technology was insufficient, but because the human element—the project’s management, expectations, and timelines—were not adequately taken into consideration. ✍️I'd love to hear your thoughts: Do you believe that the UK Pensions Dashboard will live up to its promise? Or will the complexities of its implementation be its peril? https://lnkd.in/eUS-Bgyp #Pensions #TechImplementation #FinancialServices #UKPensionsDashboard
Pensions minister says dashboard ‘on track’, but IFAs sceptical
citywire.com
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