Guy Opperman

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Pensions minister: Looking ahead to 2019/20 in pensions

A new financial year is a time of reflection, when we take stock of our finances and consider our hopes for the next chapter. The same can be said when it comes to pensions. As the Minister for Pensions, I’m pleased with what we’ve achieved over the last financial year and hugely excited about what […]

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Pensions minister urges providers to use e-signatures

The pension industry is changing rapidly, supported by this government’s development of the pension dashboard, the introduction of collective defined contribution pension schemes and a consultation on the regulation of defined benefit superfunds. We are unleashing innovation and opening up options for pension schemes members and employers. These reforms will bring the pension industry into the […]

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Pensions minister: Simple statements are long overdue

Making pensions simple for everyone to understand is one of my key missions as a minister. Simple, two-page, standardised pension statements, the pensions dashboard for online access to pensions information, an industry provided mid-life MOT are clearly the way forward. Traditionally, pensions are complex. We want to change this. If something is impenetrable, people shy […]

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Pensions minister: ESG rules will help demystify pensions for younger savers

Auto-enrolment has transformed saving and new regulations will help the pensions industry keep up. In 2012, pensions saving ebbed to a new low. Just 42 per cent of eligible private sector workers were participating in a workplace pension. Just six years on, that figure has soared to 81 per cent. The impact of auto-enrolment has […]

Pensions minister: Why DC consolidation needs to be simpler

As minister for pensions and financial inclusion, I understand how important it is to promote the business community and support job creators. But I am also acutely aware the government needs to find the right balance between encouraging business and protecting people who are working hard for their families. In pensions, this balance is especially […]

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Pensions minister: Advisers needed for guidance body success

Understanding a pension can be difficult. For those who need help, a conversation with a real person makes a huge difference. We are working hard to make sure everyone can have that conversation with an expert, whether they need guidance or advice. The Single Financial Guidance Body, set to launch in the winter, will offer […]

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Pensions minister: Getting tough on employers that fail DB members

Pensions and financial inclusion minister Guy Opperman discusses the Government’s DB white paper. The new financial year always brings with it a sense of new beginnings, as new projects are started and plans for the year ahead finalised. This is an especially busy time for the pensions industry and as I look ahead to the […]

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Pensions minister: My priorities to help advisers and savers

Pensions and financial inclusion minister Guy Opperman discusses the Government’s savings priorities in an exclusive op-ed for Money Marketing During my first few months as minister for pensions and financial inclusion, I’ve been struck by both how much we’ve achieved in recent years in helping people save for their retirement, and the challenges we must […]