An insight into social mobility in the pensions and wider business world from the Society of Pension Professionals, featuring Sarah Atkinson, Chief Executive of the Social Mobility Foundation and Ian McQuade, Chief Executive of Muse Advisory.
The SPP supports the concept of targeted support for pensions and believes it could play a part in improving savings decisions and preferences, reducing fees and charges, and increasing consumer confidence.
However, our response seeks to highlight potential barriers to success and areas of concern, making various suggestions for improvement.
Tags: advice, guidance, pension, Pensions, targeted support,
The Diversity, Equity & Inclusion paper seeks to shine a light on neurodiversity in the pensions industry and features two articles detailing the thoughts of both Lynn Wassell, Chief Executive of national neurodiversity charity, The Donaldson Trust and Niraj Shah, Investment Analyst at LCP and a member of the SPP.
Tags: DEI, EDI, inclusion, Inclusive Futures, neurodiversity, pension, Pensions, SPP,
This SPP paper identifies what the Pensions Commission, recently revived to consider the question of pensions adequacy, should consider and why.
This includes defining “adequate”; identifying the under pensioned; better understanding the trade-off between adequate living and adequate saving; and improving public trust in and awareness of state provision. The paper also explores how disenfranchised groups could be better supported and calls for a long-term plan for increasing auto-enrolment contribution rates.
Tags: adequacy, investment, pension, pension gaps, Pensions, pensions commission, retirement, Saving, SPP,
The SPP very much supports the Bill and most of its broad aims from PPF levy flexibility and surplus release to the concept of default decumulation and improving Value for Money for DC schemes. However, we have made various suggestions as to how the Bill could be improved and we fundamentally oppose the the reserve power for government to mandate investment in private market assets.
The SPP agrees with the government that these proposals will fundamentally improve fairness in and access to the Local Government Pension Scheme (LGPS).
However, the SPP response also highlights the potential for “disruptive administrative impacts” given the numerous other projects being dealt with by the LGPS from dashboards to the McCloud remedy.
Tags: LGPS, local government pension scheme,
This SPP Paper is a response to government plans to introduce a power in the Pension Schemes Bill that will allow them to dictate how pension funds invest by requiring a prescribed percentage of investment in UK productive assets.
Tags: compulsion, investment, mandation, Pensions, productive assets, productive finance, UK,