Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Governance And Best Practice In Workplace Pension Provision
Download Governance And Best Practice In Workplace Pension Provision full books in PDF, epub, and Kindle. Read online Governance And Best Practice In Workplace Pension Provision ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author :Great Britain: Parliament: House of Commons: Work and Pensions Committee Publisher :The Stationery Office ISBN 13 :9780215056979 Total Pages :64 pages Book Rating :4.0/5 (569 download)
Book Synopsis Improving Governance and Best Practice in Workplace Pensions by : Great Britain: Parliament: House of Commons: Work and Pensions Committee
Download or read book Improving Governance and Best Practice in Workplace Pensions written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2013-04-25 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of auto-enrolment makes rigorous pension scheme governance essential. This Report calls on the Government to reassess the case for establishing one body with sole responsibility for regulating workplace pensions. There are concerns over current gaps in regulation and the potential for further gaps to arise as a result of now having three regulators, the Pensions Regulator; and the new Financial Conduct Authority and Prudential Regulation Authority, set up to replace the FSA. The Report argues that a single regulator is necessary to ensure that all members of workplace pension schemes are adequately and consistently protected. It also highlights that deferred-member charges and member-borne consultancy charges have the potential to cause serious consumer detriment. It recommends that both are banned by the Government, if significant progress is not made in the very near future by the industry towards ending them. There is particular concern about member-borne consultancy charges and those charges applied to deferred members - people who stop contributing to their pension scheme. The trend towards lower pension scheme charges is welcome. However, a good average is not sufficient and there is potential for consumer detriment in schemes that persist in retaining high charges. The Government should also regularly review its policy on capping charges for auto-enrolment schemes. Consumers are also continuing to lose out when they buy annuities because pension providers are not doing enough to ensure people are aware that they can shop around for the best annuity rate rather than being obliged to buy an annuity from their pension provider.
Author :Great Britain: Parliament: House of Commons: Work and Pensions Committee Publisher :The Stationery Office ISBN 13 :9780215054128 Total Pages :256 pages Book Rating :4.0/5 (541 download)
Book Synopsis Governance and Best Practice in Workplace Pension Provision by : Great Britain: Parliament: House of Commons: Work and Pensions Committee
Download or read book Governance and Best Practice in Workplace Pension Provision written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2013-02-12 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Michael Orszag, John Evans, John Piggott Publisher :Edward Elgar Publishing ISBN 13 :1781007667 Total Pages :284 pages Book Rating :4.7/5 (81 download)
Book Synopsis Pension fund governance by : Michael Orszag, John Evans, John Piggott
Download or read book Pension fund governance written by Michael Orszag, John Evans, John Piggott and published by Edward Elgar Publishing. This book was released on 2008-06-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions
Author :Great Britain: Parliament: House of Commons: Work and Pensions Committee Publisher :The Stationery Office ISBN 13 :9780215042972 Total Pages :238 pages Book Rating :4.0/5 (429 download)
Book Synopsis Automatic enrolment in workplace pensions and the National Employment Savings Trust by : Great Britain: Parliament: House of Commons: Work and Pensions Committee
Download or read book Automatic enrolment in workplace pensions and the National Employment Savings Trust written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2012-03-15 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government established NEST as a low-cost pension scheme to help deliver the auto-enrolment programme and to address a market failure in the pensions industry which meant that many employers and employees were unable to access low-cost, good quality pension provision. However, the Committee believes that certain restrictions placed on NEST will create complexity for employers and will disadvantage some employees. The Committee's report recommends that, if state aid rules allow, the Government should remove the following restrictions: the cap on the annual contributions an individual can make to a NEST scheme; and the ban on individuals transferring existing pension pots into NEST. The Committee further urges the Government to proceed with its plans for State Pension reform, introducing a flat-rate State Pension and reducing the level of means-testing without delay. The report also highlights the difficulties and complexity employers and employees currently face in comparing the fees and charges applied by pension providers and recommends that, from 2013 onwards, if some auto-enrolment schemes still have hidden charges, or charges that represent poor value for money, the Government should use its powers to intervene. Auto-enrolment will impose new costs and may be particularly challenging for small employers however the Committee considers that the Government has taken appropriate steps to minimise the impact on businesses through its gradual and flexible approach ("staging and phasing") to implementation. Exempting small employers would create significant complexity, as well as excluding many employees from the benefits of workplace pension saving
Book Synopsis Good Governance for Pension Schemes by : Paul Thornton
Download or read book Good Governance for Pension Schemes written by Paul Thornton and published by Cambridge University Press. This book was released on 2011-07-14 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulatory and market developments have transformed the way in which UK private sector pension schemes operate. This has increased demands on trustees and advisors and the trusteeship governance model must evolve in order to remain fit for purpose. This volume brings together leading practitioners to provide an overview of what today constitutes good governance for pension schemes, from both a legal and a practical perspective. It provides the reader with an appreciation of the distinctive characteristics of UK occupational pension schemes, how they sit within the capital markets and their social and fiduciary responsibilities. Providing a holistic analysis of pension risk, both from the trustee and the corporate perspective, the essays cover the crucial role of the employer covenant, financing and investment risk, developments in longevity risk hedging and insurance de-risking, and best practice scheme administration.
Author :Great Britain. Parliament. House of Commons. Work and Pensions Committee Publisher : ISBN 13 :9780215059857 Total Pages :13 pages Book Rating :4.0/5 (598 download)
Book Synopsis Improving Governance and Best Practice in Workplace Pensions by : Great Britain. Parliament. House of Commons. Work and Pensions Committee
Download or read book Improving Governance and Best Practice in Workplace Pensions written by Great Britain. Parliament. House of Commons. Work and Pensions Committee and published by . This book was released on 2013-06-28 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government response to HC 768-I, session 2012-13 (ISBN 9780215056979)
Author :Great Britain: Parliament: House of Commons: Work and Pensions Committee Publisher :The Stationery Office ISBN 13 :9780215055552 Total Pages :168 pages Book Rating :4.0/5 (555 download)
Book Synopsis The Single-tier State Pension by : Great Britain: Parliament: House of Commons: Work and Pensions Committee
Download or read book The Single-tier State Pension written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2013-04-04 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report welcomes the improvements in retirement income that the new Single-tier State Pension will bring. However, the key to the policy's successful implementation lies in the Government informing the public as soon as possible about how it will affect individuals. The Committee criticises the Government for hampering its scrutiny of the proposals. The Government not only imposed an extremely tight timetable, but brought forward the implementation date by a year, after the Committee had completed taking evidence. The Committee says that the Government must work with them to ensure the transition is as smooth as possible and that Defined Benefit pension schemes do not suffer as a result. The Government should also develop and publish a clear explanation of how means-tested support, including passported benefits, will operate under the Single-tier Pension, and the transitional protection that will be put in place. Many women born between 1952 and 1953 believed that they would suffer a double adverse effect on their State Pension income, arising from the increases in their State Pension Age combined with their ineligibility for the Single-tier Pension, if it was introduced in 2017 as set out in the White Paper. The Government should clarify the position. Some women did not build up their own NI record because they had an expectation that they would be able to rely on their husband's contributions to give them entitlement to a Basic State Pension. The Government should assess and publish the cost of allowing women in this position who are within 15 years of State Pension Age to retain this right
Book Synopsis Better Workplace Pensions by : Great Britain. Department for Work and Pensions
Download or read book Better Workplace Pensions written by Great Britain. Department for Work and Pensions and published by . This book was released on 2014 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Great Britain: Department for Work and Pensions Publisher :Stationery Office ISBN 13 :9780101862028 Total Pages :28 pages Book Rating :4.8/5 (62 download)
Book Synopsis Government response to the fifth report of the House of Commons Work and Pensions Select Committee, session 2012-13, into Part 1 of the draft Pensions Bill by : Great Britain: Department for Work and Pensions
Download or read book Government response to the fifth report of the House of Commons Work and Pensions Select Committee, session 2012-13, into Part 1 of the draft Pensions Bill written by Great Britain: Department for Work and Pensions and published by Stationery Office. This book was released on 2013-05-10 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dated May 2013. Government response to HC 1000, session 2012-13 (ISBN 9780215055552)
Author :Great Britain: Parliament: House of Commons: Work and Pensions Committee Publisher :The Stationery Office ISBN 13 :9780215054104 Total Pages :26 pages Book Rating :4.0/5 (541 download)
Book Synopsis Lifting the Restrictions on NEST by : Great Britain: Parliament: House of Commons: Work and Pensions Committee
Download or read book Lifting the Restrictions on NEST written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2013-02-11 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: For auto-enrolment to continue to work successfully, NEST must be allowed to thrive. Employers want simplicity. They want to be able to choose one pension scheme to cover all their employees. The cap on annual contributions to NEST means that employers can't opt for NEST for their higher-earners or if they want to make more generous contributions. So some employers are dismissing the NEST option and choosing a private pension provider who can offer a scheme for all their employees. NEST is required to be a low-cost scheme and to offer good value. Other pension providers don't have this same obligation. There is therefore a risk that the restrictions will mean some employees are prevented from having access to the best value pension scheme available. The Government has already made clear that it will need to "fix" the issue of transfers in and out of NEST if it wishes to implement its "pot follows member" solution to the current problem of small pension pots. Amongst recommendations made in the report is that the Government should make it a priority to gain certainty on the conditions for the European Commission's approval of state aid for NEST, to ensure that this is no longer perceived to be an obstacle to removing the restrictions. Auto-enrolment begins for medium and small employers from 2014. They will begin preparations a year to 18 months before then. Now is the time for action to be taken, it cannot wait until 2017.
Author :Great Britain: Department for Work and Pensions Publisher :The Stationery Office ISBN 13 :9780101847827 Total Pages :64 pages Book Rating :4.8/5 (478 download)
Book Synopsis Reinvigorating Workplace Pensions by : Great Britain: Department for Work and Pensions
Download or read book Reinvigorating Workplace Pensions written by Great Britain: Department for Work and Pensions and published by The Stationery Office. This book was released on 2012-11-22 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The UK's pensions system is need of reform for two primary reasons. Firstly, the UK has an aging population and secondly, working age people are not saving enough to meet their expectations of income on retirement. The Government has already begun to set in train a series of reforms. In particular it has brought forward plans to increase State Pension age; set out proposals to create a single-tier State Pension to provide a firm foundation for saving for retirement; and introduced automatic enrolment into workplace pensions. We do, though, also need to ensure that those people saving privately for their retirement are doing so in high quality schemes. This strategy sets out the key issues which need to be tackled. The reinvigoration objectives include: increase the amount people are saving in pensions; increase the amount people receive for their savings; enable industry innovation to develop products which will give more certainly about pensions; increase transparency; and ensure the sustainability and stability of the UK pension system.
Book Synopsis Better Workplace Pensions by : Great Britain. Department for Work and Pensions
Download or read book Better Workplace Pensions written by Great Britain. Department for Work and Pensions and published by . This book was released on 2014 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Great Britain. Parliament. House of Commons. Work and Pensions Committee Publisher :The Stationery Office ISBN 13 :0215081501 Total Pages :28 pages Book Rating :4.2/5 (15 download)
Book Synopsis HC 963 - Appointment of the Pensions Ombudsman abd the Pension Protection Plan Ombudsman by : Great Britain. Parliament. House of Commons. Work and Pensions Committee
Download or read book HC 963 - Appointment of the Pensions Ombudsman abd the Pension Protection Plan Ombudsman written by Great Britain. Parliament. House of Commons. Work and Pensions Committee and published by The Stationery Office. This book was released on 2015 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, the Liaison Committee and the Government agreed a process for departmental select committees to undertake pre-appointment hearings in which they examine the suitability of the Government's preferred candidate for certain public posts. The purpose is to test the individual's independence and expertise, consider any potential conflicts of interest and explore how the individual intends to undertake the job, including his or her accountability to the Committee. Select committees do not have the power to veto appointments. However, the Minister is expected to consider relevant observations before proceeding with an appointment. The pre-appointment hearing for the posts of Pensions Ombudsman and Pension Protection Fund Ombudsman (held by the same individual) falls within the remit of the Work and Pensions Committee. On 15 October 2014 the Minister for Pensions informed us that Tony King, the current Pensions Ombudsman and Pension Protection Fund Ombudsman, would be stepping down in spring 2015.[4] He set out the recruitment exercise that would be followed to select the new Ombudsman and invited us to undertake pre-appointment scrutiny of the preferred candidate, in accordance with the agreed arrangements. The Department for Work and Pensions (DWP) launched the recruitment process on 29 November 2014. The Minister notified us of the name of the preferred candidate on 3 February 2015. In announcing the selection process, DWP also indicated that a recruitment exercise would be undertaken for the post of Deputy Pensions Ombudsman (and Deputy Pension Protection Fund Ombudsman). This is a part-time role and is not subject to a pre-appointment hearing.
Download or read book Politics UK written by Bill Jones and published by Routledge. This book was released on 2014-06-20 with total page 637 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revised and updated eighth edition of the bestselling textbook Politics UK is an indispensible introduction to British politics. It provides a thorough and accessible overview of the institutions and processes of British government, a good grounding in British political history and an incisive introduction to the issues facing Britain today. With contributed chapters from respected scholars in the field and contemporary articles on real-world politics from well-known political commentators, this textbook is an essential guide for students of British politics. The eighth edition welcomes brand new material from eight new contributors to complement the rigorously updated and highly valued chapters retained from the previous edition. The eighth edition includes: · Britain in context boxes offering contrasting international perspectives of themes in British politics. · A comprehensive 'who's who' of politics in the form of Profile boxes featuring key political figures. · And another thing ... pieces: short articles written by distinguished commentators including Jonathan Powell, Michael Moran and Mark Garnett. · Fully updated chapters plus new material providing excellent coverage of contemporary political events including: The Leveson Inquiry, the aftermath of the 2011 riots and the House of Lords reform. · A vibrant and accessible new design to excite and engage students as the work through a variety of political topics. · A new epilogue to the book offering a critical perspective of the trials and tribulations of the Coalition Government, including an overview of the major differences that divide the coalition partners.
Author :Great Britain: Department for Work and Pensions Publisher :The Stationery Office ISBN 13 :9780101873727 Total Pages :48 pages Book Rating :4.8/5 (737 download)
Book Synopsis Department for Work and Pensions: Public Consultation: Better Workplace Pensions: A Consultation on Charging - Cm. 8737 by : Great Britain: Department for Work and Pensions
Download or read book Department for Work and Pensions: Public Consultation: Better Workplace Pensions: A Consultation on Charging - Cm. 8737 written by Great Britain: Department for Work and Pensions and published by The Stationery Office. This book was released on 2013-10-30 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Government is proposing to introduce a system of automatic pensions transfers to help people to better keep track of their workplace pension savings. The majority of people being automatically enrolled are likely to join the default fund in defined contribution (DC) schemes. It is, therefore, important to ensure that these schemes deliver the best possible value for money. The impact of the charges levied on people's pensions savings over their lifetime can be significant - seemingly small variations in charges can result in a considerable difference in people's final retirement savings. A number of voluntary industry initiatives seeking to improve disclosure of charges information to scheme members and employers have been launched in an effort to reduce the complexity of the product. The Government welcomes these initiatives, but is interested in views on whether further action is required. There are a number of potential options: mandating disclosure to members by widening the disclosure requirements, to include information about charges; standardising disclosure to employers; or disclosure of transaction costs - require disclosure to members, employers, as well as trustees, and independent governance committees (as recommended by the OFT). The Government is also interested in hearing views on whether: a cap on pension scheme charges should be introduced; differential charging between active and deferred members should be banned in DC qualifying schemes; the ban on consultancy charges should be extended from AE schemes to all qualifying DC schemes; adviser commissions set up prior to the introduction of the Retail Distribution Review should be banned in qualifying schemes
Book Synopsis Law Commission: Fiduciary Duties of Investment Intermediaries: A Consultation Paper - Consultation Paper No 215 by : Great Britain: Law Commission
Download or read book Law Commission: Fiduciary Duties of Investment Intermediaries: A Consultation Paper - Consultation Paper No 215 written by Great Britain: Law Commission and published by The Stationery Office. This book was released on 2013-10-28 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consultation paper Fiduciary Duties of Investments Intermediaries: A Consultation Paper follows on from the Kay Report on UK Equity Markets and Long Term Decision Making (see below), and uses pensions as the example, tracing a chain of intermediaries from the prospective pensioner/saver to the registered shareholder of a UK company. There are well established duties on pension trustees to act in the best interests of scheme members, and it looks at how far these duties require trustees to maximize financial return over a short time scale, and how far trustees can consider other factors such as environmental and social impact. The consultation asks: Whether the law is right to allow trustees to consider ethical issues only in limited circumstances? Whether the legal obligations on trustees are conducive to investment strategies in the best interests of the ultimate beneficiaries? and if not, what specifically ne
Author :Great Britain: Parliament: House of Commons: Work and Pensions Committee Publisher :The Stationery Office ISBN 13 :0215072707 Total Pages :44 pages Book Rating :4.2/5 (15 download)
Book Synopsis HC 1082 - Fraud and Error in the Benefits System by : Great Britain: Parliament: House of Commons: Work and Pensions Committee
Download or read book HC 1082 - Fraud and Error in the Benefits System written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2014-05-15 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: It remains uncertain how the Department for Work and Pensions (DWP) will manage the housing costs element of Universal Credit without increased risks of fraud and error. The Government has stated that an IT system (the Integrated Risk and Intelligence Service (IRIS)) will allow it to cross-check data and provide similar safeguards against fraudulent claims under Universal Credit as are currently operated by local authorities within the Housing Benefit system. However, the National Audit Office found that IRIS was 'missing' from the UC Pathfinders, and it remains unclear how or when DWP will achieve automated access to the range of property data currently available to local authorities. The official estimated benefit fraud rate is 0.7% of total benefits expenditure. The general public's misperception is that it is some 34 times higher. To reduce the risk of confusion or conflation in media reporting, DWP should publish statistics relating to the estimated level of benefit fraud on a separate day from those related to error in the benefits system. Fraud and error rates have plateaued from 2005/06 to 2012/13 and DWP must employ innovative approaches which are aligned with the known risk factors associated with each benefit to achieve reductions. Biometric identity systems could have an important role to play in identity verification processes across government. The Single Fraud Investigation Service (SFIS), which will investigate all social security benefit fraud across DWP, HMRC and local authorities, should be implemented in line with the roll out of Universal Credit.
