DWP sets out four-year departmental plan

Follows Cabinet reshuffle

Victoria McKeever
clock • 2 min read

The Department for Work and Pensions (DWP) has published its updated plans for the next four years of Parliament, including an intention to extend its auto-enrolment policy.

The DWP, now headed by Esther McVey after Theresa May's recent Cabinet reshuffle, said it would continue the roll-out of auto-enrolment by extending it to small employers and the self-employed.  It said its pensions white paper, delayed until spring, would set out plans to meet the government's commitment to strengthen the powers of The Pensions Regulator (TPR) in order to protect private pension schemes.  The DWP added it wanted to deliver a simplified state pension system to help retirement planning by continuing to implement the new state pension. Through its communications, the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read