Displaying items by tag: DWP
Wednesday, 08 August 2018 15:54
More than 100k sign massive pensions dashboard petition
A petition against scrapping the pensions dashboard has garnered more than 100,000 signatures.
Tens of thousands have called on Work and Pensions Secretary Esther McVey not to shelve the proposal, with the count up to 126,527 at the time of writing.
The petition, on website 38 Degrees, reads: “The Welfare Secretary Esther McVey wants to 'kill off' a new government website which would help millions of people keep track of their pensions throughout their careers, because she thinks it's not the Government's job to help.
“Without it millions of pension pots are at risk of being lost.
“According to estimates by the Department for Work and Pensions, 50 million pension pots will be lost by 2050 without an official website to help workers to keep track of savings through their careers.”
It added: “A huge petition signed by thousands of us will show the Government we expect them to keep their promises and continue to roll out the pensions dashboard.”
The success of the petition has been backed by fin-tech firm Origo and managing director Anthony Rafferty said:
“The petition launched by 38 Degrees, in response to media reports that the pensions dashboard might not go ahead has passed 100,000 signatures, showing the depth of feeling and the support that the initiative has in the country.
“The benefits of the pensions dashboard are easily seen and have clearly struck a chord with people.
“We at Origo have been passionate supporters of the pensions dashboard since the initiative was launched, believing it is essential to help individuals engage with their retirement planning, particularly in the new pensions environment which was ushered in with the Pension Freedoms.”
Tens of thousands have called on Work and Pensions Secretary Esther McVey not to shelve the proposal, with the count up to 126,527 at the time of writing.
The petition, on website 38 Degrees, reads: “The Welfare Secretary Esther McVey wants to 'kill off' a new government website which would help millions of people keep track of their pensions throughout their careers, because she thinks it's not the Government's job to help.
“Without it millions of pension pots are at risk of being lost.
“According to estimates by the Department for Work and Pensions, 50 million pension pots will be lost by 2050 without an official website to help workers to keep track of savings through their careers.”
It added: “A huge petition signed by thousands of us will show the Government we expect them to keep their promises and continue to roll out the pensions dashboard.”
The success of the petition has been backed by fin-tech firm Origo and managing director Anthony Rafferty said:
“The petition launched by 38 Degrees, in response to media reports that the pensions dashboard might not go ahead has passed 100,000 signatures, showing the depth of feeling and the support that the initiative has in the country.
“The benefits of the pensions dashboard are easily seen and have clearly struck a chord with people.
“We at Origo have been passionate supporters of the pensions dashboard since the initiative was launched, believing it is essential to help individuals engage with their retirement planning, particularly in the new pensions environment which was ushered in with the Pension Freedoms.”
Published in
Articles
Tagged under
Tuesday, 17 July 2018 15:00
ABI plea to Govt: ‘don’t kill vital pensions dashboard’
Reports that Pensions Secretary Esther McVey was planning to kill off the proposed pensions dashboard were branded “a huge let down to millions of savers.”
Published in
Articles
Tagged under
Friday, 22 June 2018 12:36
Govt is right on default decumulation, says Steve Webb
Royal London’s Steve Webb says the Government was right to resist calls for default decumulation retirement pathways.
Published in
Articles
Tagged under
Tuesday, 29 May 2018 10:28
Elaine Turtle: Financial Guidance Bill ‘ping pong’
Protecting consumers from unscrupulous scammers and conmen has been a priority for the financial services industry for some time.
Published in
Comment and Blogs
Tagged under
Friday, 06 April 2018 13:14
Pension contributions to treble for millions from today
Published in
Articles
Tuesday, 09 January 2018 12:58
DWP re-appoints chair of The Pensions Regulator
The Department for Work and Pensions has re-appointed Mark Boyle for a second three year term as non-executive chair of The Pensions Regulator.
Published in
Articles
Tagged under
Friday, 17 November 2017 17:43
Govt keeps auto-enrolment cap at 0.75%
The government has decided to put on the back burner any change to the auto-enrolment charge cap and will keep it at 0.75%.
Published in
Articles
Tagged under
Thursday, 19 October 2017 13:09
Pensions Dashboard will go ahead says minister
Pensions Minister Guy Opperman confirmed today that the Pensions Dashboard will go ahead despite slow progress and doubts in some quarters.
Published in
Articles
Tagged under
Thursday, 12 October 2017 12:28
James Jones-Tinsley: SSAS de-registrations - a dormant diaspora?
In August, HM Treasury and the Department for Work & Pensions finally released their response to the ‘Pension Scams’ consultation.
Published in
Comment and Blogs
Tagged under
Thursday, 15 June 2017 17:19
Former barrister and amateur jockey is new pensions minister
Guy Opperman MP has been appointed as the new Parliamentary Under Secretary for Pensions and Financial Inclusion.
Published in
Articles
Tagged under
News from Twitter
Articles by Keyword
AJ Bell
AMPS
annuities
Autoenrolment
Barnett Waddingham
Curtis Banks
DWP
FCA
FOS
FSCS
James Hay
Lisa Webster
Mattioli Woods
Pension
pension freedoms
pensions
pension transfers
Platforms
regulation
retirement
retirement planning
Sipp
Sipps
Ssas
Talbot and Muir
The Pensions Regulator
TPR
Webster
websterblog
Xafinity