Vision - Vision | January 2023

VisionYour regular insight into <br>workplace pensions, <br>savings and benefits **January 2023**Welcome to the January 2023 edition of Vision, our quarterly round up of the latest developments affecting workplace pensions and savings.Contents

Introduction and contents

Key dates in the next 12 months

Auto enrolment thresholds for 2023/24 announced

Pensions tax allowances for 2023/24

DWP and TPR mark 10-year anniversary of auto enrolment

PLSA publishes updated Retirement Living Standards

TPR publishes guidance statement on supporting DC savers in the current economic climate

TPR publishes consolidated enforcement policy and updated prosecution policy

Government announces pensions measures among financial services reforms

Improvements to free benefits in the group protection market

WPC publishes report on saving for later life

TPR, FCA and MaPS issue joint pension scams warning

Pensions Dashboards update

TPR publishes blog on member outcomes in DC schemes

TPR shares diversity and inclusion action plan after worrying research

Cost of living crisis could trigger significant fall in pension savings

Investment market snapshot

Appendix: further information

This communication is based on our understanding of legislation and practice as at the date of publication, which is subject to change. It should not be relied upon as detailed advice, or taken as an authoritative statement of the law. Punter Southall Aspire is a trading name of Punter Southall Defined Contribution Consulting Limited, which is authorised and regulated by the Financial Conduct Authority. Our Financial Services Register reference number is 121328. Registered office: 11 Strand, London, WC2N 5HR. Registered in England and Wales No. 00873463.