7 days
7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR.
In this 7 Days
- General Election 2024 – pensions latest
- Pensions Equity Group publishes guide for employers on the gender pensions gap
General Election 2024 – pensions latest
The key party manifestos, including those of the Conservative, Liberal Democrat and Labour parties, have been published. While headline policies have not focussed on workplace pensions, there are some pensions-related proposals related to climate change, investment in UK markets and reforms to employment protections. There is no suggestion that the LTA will be reintroduced, which will provide some welcome certainty to the industry.
On 12 June 2024, the PLSA published a blog on the steps the next Government should take to support adequate pension saving. These include extending automatic enrolment, gradually increasing minimum pension contributions, and bringing workers currently “locked out” of automatic enrolment into the regime.
Pensions Equity Group publishes guide for employers on the gender pensions gap
The Pensions Equity Group has published a guide for employers on identifying and reducing the gender pensions gap. It sets out suggested actions for employers to take to understand their employees’ gender pensions gap, raise awareness with employees and make “meaningful benefit and policy changes”.