Pensions - Articles - PLSA comments on report on pension costs and transparency

Nigel Peaple, Director of Policy & Research at the PLSA, comments on the Work and Pensions Select Committee report on pension costs and transparency:

 “The PLSA supports the Pensions Dashboard as a means of helping savers plan their retirement income. Crucial to this will be savers' trust and confidence in the dashboard, achieved through a non-commercial service and including all of savers’ pensions - including the State Pension - in one place. We are pleased to see the Committee agrees these elements will be essential to the dashboard from the outset.

 “Equally important is the context in which people see their pension savings. We strongly agree with the Committee that the inclusion of retirement income targets on the dashboard would make the information presented there more meaningful to savers. The PLSA has commissioned Loughborough University to develop a set of independent Retirement Living Standards for widespread industry adoption, which will be released on 17 October 2019 at our Annual Conference in Manchester. We look forward to working with the Pensions Dashboard Industry Delivery Group to secure their inclusion in the service.

 “The PLSA welcomes the Committee’s support for the Cost Transparency Initiative templates. We are encouraged by the industry’s widespread engagement: the templates have been downloaded thousands of times from the website and the PLSA has fielded hundreds of technical queries about implementing the regime. We are fully committed to improving the quality of cost transparency across the pension sector.”

Back to Index

Similar News to this Story

Rising theft puts households and insurers on alert
Households and their insurers need to be on alert for rising levels of theft, according to the digital home insurer Policy Expert, whose analysis of c
Nine in ten school leavers unsure what a pension actually is
Pensions can be a confusing topic for people of any age, however, with shocking new statistics revealing that nine in ten (88%) UK school leavers don’
Finance firms provide double the pension contributions
Research from Profile Pensions finds which industry’s employers offer the highest level of contributions – that is, how much they pay into pensions as

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.