Improving Governance and Best Practice in Workplace Pensions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Improving Governance and Best Practice in Workplace Pensions write by Great Britain: Parliament: House of Commons: Work and Pensions Committee. This book was released on 2013-04-25. Improving Governance and Best Practice in Workplace Pensions available in PDF, EPUB and Kindle. The introduction of auto-enrolment makes rigorous pension scheme governance essential. This Report calls on the Government to reassess the case for establishing one body with sole responsibility for regulating workplace pensions. There are concerns over current gaps in regulation and the potential for further gaps to arise as a result of now having three regulators, the Pensions Regulator; and the new Financial Conduct Authority and Prudential Regulation Authority, set up to replace the FSA. The Report argues that a single regulator is necessary to ensure that all members of workplace pension schemes are adequately and consistently protected. It also highlights that deferred-member charges and member-borne consultancy charges have the potential to cause serious consumer detriment. It recommends that both are banned by the Government, if significant progress is not made in the very near future by the industry towards ending them. There is particular concern about member-borne consultancy charges and those charges applied to deferred members - people who stop contributing to their pension scheme. The trend towards lower pension scheme charges is welcome. However, a good average is not sufficient and there is potential for consumer detriment in schemes that persist in retaining high charges. The Government should also regularly review its policy on capping charges for auto-enrolment schemes. Consumers are also continuing to lose out when they buy annuities because pension providers are not doing enough to ensure people are aware that they can shop around for the best annuity rate rather than being obliged to buy an annuity from their pension provider.
Improving Governance and Best Practice in Workplace Pensions
Improving Governance and Best Practice in Workplace Pensions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Improving Governance and Best Practice in Workplace Pensions write by Great Britain. Parliament. House of Commons. Work and Pensions Committee. This book was released on 2013-06-28. Improving Governance and Best Practice in Workplace Pensions available in PDF, EPUB and Kindle. Government response to HC 768-I, session 2012-13 (ISBN 9780215056979)
Governance and Best Practice in Workplace Pension Provision
Governance and Best Practice in Workplace Pension Provision - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Governance and Best Practice in Workplace Pension Provision write by Great Britain: Parliament: House of Commons: Work and Pensions Committee. This book was released on 2013-02-12. Governance and Best Practice in Workplace Pension Provision available in PDF, EPUB and Kindle.
Better Workplace Pensions
Better Workplace Pensions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Better Workplace Pensions write by Great Britain. Department for Work and Pensions. This book was released on 2014. Better Workplace Pensions available in PDF, EPUB and Kindle.
HC 481 - Improving Access to Work for Disabled People
HC 481 - Improving Access to Work for Disabled People - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook HC 481 - Improving Access to Work for Disabled People write by Great Britain. Parliament. House of Commons. Work and Pensions Committee. This book was released on 2014. HC 481 - Improving Access to Work for Disabled People available in PDF, EPUB and Kindle. Access to Work (AtW) is an important element of specialist employment support for disabled people. It is unique in providing help to people already in, or about to start, mainstream work. It has the potential to be an extremely effective model, helping to address the substantial gap between the employment rate for disabled people and that of the rest of the population. Where it works well, it transforms the lives of disabled people, many of whom would be unable to work without it.There is strong evidence that AtW currently supports only a minority of disabled people whom it might benefit. There is a misperception that the sole purpose of AtW is to provide physical aids, equipment and transport for people with sensory impairments and physical disabilities; consequently relatively few people with other types of disability, and different support needs, currently use the programme. In scaling up the programme DWP needs to address this imbalance. Its priority should be supporting a much greater number of people with mental health problems, and intellectual, cognitive and developmental impairments, including learning disabilities and autism spectrum disorders. AtW's focus should remain on removing barriers to employment for the full range of disabled people who can benefit from it. DWP should make a strong and evidence-based case to HM Treasury for substantial additional funding for AtW and then aim to increase take-up through much more high profile marketing, and proactive promotion of AtW, including through Jobcentre Plus Work Coaches and contracted employment services providers.
