View more on these topics

Pensions dashboard petition surpasses 14,000 supporters

File image of a pension savings potClose to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition.

This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project.

The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just two days.

The petition calls on the government to “keep their promises” and roll out the dashboard as planned at the end of 2019.

It says: “Esther McVey wants to ‘kill off’ a new government website that 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.

Pensions dashboard could face 15 million requests

“It’s all the more urgent because new laws to boost pensions have led to nine million workers being automatically enrolled into workplace schemes in recent years.”

The petition also draws attention to estimates by the Department for Work and Pensions estimating 50 million pension pots will be lost by 2050 without an official website for tracking accumulated funds.

Recommended

Aegon still to move £8bn Nationwide assets off Cofunds

The £8bn of Nationwide assets managed by Cofunds are yet to be moved to the new Aegon platform. After acquiring Cofunds, Aegon confirmed it would continue managing assets from Nationwide’s online investment service. Nationwide has approximately £8bn of assets managed through Cofunds’ investor portfolio service, which Aegon inherited when it bought the platform in 2016. […]

10

Govt mulls flat-rate pension tax relief

The Treasury is considering whether to introduce a flat rate of pension tax relief to help fund the National Health Service. According to The Times, the Treasury has started to investigate the flat-rate proposal and says it could raise an additional £4bn in revenues. In June, the government promised to increase spending on the NHS […]

1

Lloyds planning three European hubs after Brexit

Lloyds Banking Group is planning on running three separate subsidiaries in Europe after Brexit, according to reports. The group was expected to manage its continental European business in Berlin, but Reuters reports it now plans two additional hubs. The Financial Times says one is likely to be Frankfurt for its euro bond trading business while […]

5

FCA hits out at ‘spurious complexity’ in platform charges

FCA director of competition Mary Starks has described instances of “spurious complexity” in platform charging in the wake of the regulator’s review of the market this morning. Speaking to Money Marketing, Starks notes findings that, particularly on the direct to consumer side, platforms can levy between 15 and 35 different fees in total, and use […]

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com