News

Pension Scams Industry Group (PSIG) – Code of Best PracticeEquiniti
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On 1 April 2021, the PSIG announced the launch of version 2.2 of its Code of Best Practice – Combatting Pension Scams. PSIG is a voluntary body established to combat pension scams through the publication of good practice in due diligence for trustees, providers and administrators. In an accompanying press... Read more...

Pensions Dashboards – call to actionEquiniti
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Some of you will be familiar with the idea of the Pensions Dashboard; what you may not be aware of is that the idea is a lot closer to becoming reality than many people think. Dashboards will fundamentally change a member’s access to their data. Rather than the Trustee or... Read more...

Budget 2021 updateEquiniti
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In the days running up to the Chancellor’s second budget speech on 3 March 2021, there had been the now customary talk of a major overhaul of the tax treatment of pensions but, once again, this failed to materialise. In reality, the only change was the freezing of the standard... Read more...

What have we learned from the pandemic?Equiniti
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EQP saw an initial reduction in service requests, but this has since returned to normal levels. Within this overall trend we did see some volatility in the form of demand spikes associated with special events such as engagement campaigns or redundancy programmes. Within EQ’s HR Solutions function, we also saw... Read more...

How we’ve responded to new ways of workingEquiniti
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During 2020 and into 2021 we have accelerated our digitisation plans, pushing more information online and making greater use of websites for member self-service. We’ll see an extension of this over this year and into the future. From March 2020 we have maintained a telephony presence and brought forward our... Read more...

The route out of lockdownEquiniti
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We are now in a world where increased flexibility in our working lives has become second nature to many people, and retaining that flexibility is likely to be increasingly important. Whilst some will be looking forward to being back in the office, reacquainting themselves with colleagues and enjoying being out... Read more...

A year of lockdownEquiniti
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In early 2020, none of us would have envisaged that going out for a walk would mean no more than an hour each day, travel restrictions, three periods of lockdown and, of course, the impact on so many lives and businesses across the globe as the pandemic struck. It is... Read more...

Pension Schemes Bill receives Royal AssentEquiniti
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On 11 February 2021, the Pension Schemes Bill received Royal Assent and became the Pension Schemes Act 2021.Whilst it is good news for this particular piece of legislation to finally make it ‘over the line’, a great deal of the detail of the provisions which it contains will be set... Read more...

Pension scams: work and pensions committee inquiryEquiniti
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On 27 January 2021, the Work and Pensions Committee (WPC) questioned Guy Opperman, Minister for Pensions and Financial Inclusion, as part of its inquiry into pension scams. During the session, the Minister made the following comments:New regulations under clause 125 of the Pension Schemes Bill aiming to curb transfer fraud... Read more...