All auto-enrolment articles – Page 10
-
NewsTPR warns employers on re-enrolment duties
On the go: The Pensions Regulator has said employers “have more to do” to meet their workplace pension duties, ensuring contributions are up to date and savers are re-enrolled into schemes.
-
NewsMore than 200,000 savers on the hunt for missing pensions
On the go: More than 200,000 people have contacted the government to ask for help locating their missing pensions, just as the dormant assets scheme gears up to expand into retirement savings.
-
NewsRodda keen to expand AE but remains silent on pensions tax
Shadow pensions minister Matt Rodda has said he is keen on expanding auto-enrolment and called for a negotiated settlement between unions and the Universities Superannuation Scheme, but he would not be drawn on Labour’s plans for pensions taxation during a talk with the Society of Pension Professionals.
-
NewsOpperman not rushing CDC, defends statements season
Pensions minister Guy Opperman has confirmed there will be no regulations on multi-employer collective defined contribution schemes before the end of next year, set out targets for Pension Wise uptake, and become embroiled in a spat with former pensions minister Sir Steve Webb over the effectiveness of the proposed “statements season”.
-
NewsTisa calls for pension decumulation policy reform
On the go: The Investing and Saving Alliance is calling on regulators and the government to reform pension decumulation policy that will impact four main areas.
-
NewsUUK tries to dispel valuation myths as UCU presses on with strike action
Universities UK, the group representing 340 Universities Superannuation Scheme employers, has argued that the rate increases facing USS members would not be alleviated by a new valuation, countering claims made by the University and College Union.
-
NewsBudget 2021: Missed opportunity to tackle pensions ‘ticking time-bomb’
Following a Budget speech light on pensions policy announcements, the industry has been weighing in on what has been revealed, including a consultation on the charge cap and a new tax relief for low earners in net pay schemes, while others say that the chancellor has not done enough to address industry concerns.
-
NewsEstate agents bring legal action against Purplebricks in pensions row
On the go: Online estate agency Purplebricks is facing legal action from more than 100 of its self-employed estate agents, who claim they are entitled to a workplace pension, contributions and holiday pay.
-
NewsUK bumped up to 9th in Mercer’s Global Pension Index
On the go: The UK’s retirement system has improved, according to the latest Mercer CFA Institute Global Pension Index, but more must be done to reduce the gender pensions pay gap and adequacy for lower-paid workers.
-
NewsMembers on lower incomes to pay more in NHS pensions overhaul
The government has announced its intent to overhaul the way in which NHS Pension Scheme members pay contributions from April next year, following the implementation of the McCloud remedy.
-
NewsOpperman lauds ‘transformational’ climate requirements
Pensions minister Guy Opperman has lauded the government’s “utterly transformational” approach to climate reporting requirements, while promising legislation on “simpler statements” and the “statements season” in the near future.
-
News‘Stronger nudge’ still possible, but cost benefits need to be understood
On the go: A stronger guidance nudge may be needed to increase the number of savers using the Pension Wise service, but it may not be enough to drive a significant uptake or deliver the right kind of engagement, the Pensions and Lifetime Savings Association’s annual conference has heard.
-
NewsPodcast: Mandating net zero could ‘cut straight through’ fiduciary duties
Podcast: The government mandating default funds be aligned with ‘net zero’ would be a way around concerns about fiduciary responsibility, but there are questions about what this would mean in practice. Stuart O’Brien, partner at Sackers, and Gareth Stears, pensions technical consultant at Aries Insight, discuss environmental, social and governance issues, social housing, and the Pensions Regulator’s controversial criminal powers.
-
NewsFCA opts for softer approach to charges comparison in DC schemes
The Financial Conduct Authority is taking a softer approach to cost and charges comparison requirements in defined contribution schemes after listening to industry feedback on its proposed rules.
-
NewsPensions tax relief ‘cost’ hits £42bn
On the go: The ‘cost’ of pensions tax relief increased by £4.4bn to £41.3bn between 2017-18 and 2019-20, data from HM Revenue & Customs has shown.
-
NewsPodcast: No way to avoid the indexation ‘rules lottery’ as inflation bites
Podcast: High inflation will spur more schemes to look to switch from the retail price index to the consumer price index, but there is still no way around the “rules lottery”. Eversheds Sutherland partner Stuart Earle and Aon partner Lynda Whitney discuss inflation, the botched attempt to raise the normal minimum pension age, and a new value for money framework.
-
NewsDC market proves resilient during pandemic but challenges remain
A continuation of positive trends alongside the benefits of auto-enrolment has shaped the defined contribution pensions space over the past year, but complications surrounding the Covid-19 pandemic have brought the need to mitigate future risks to the fore.
-
NewsAE opt-out and cessation rates remain low despite pandemic
On the go: Auto-enrolment opt-out and cessation rates have remained low over the past year, despite hikes to minimum contributions and the economic impacts of the Covid-19 pandemic, according to new research from Nest Insight.
-
OpinionPension Awareness Week: It’s time to wake up the ‘sleepwalkers’
Auto-enrolment has been a big success to date. Since 2012, private sector participation has risen by 44 percentage points to 86 per cent of private sector eligible employees.
-
NewsPension Awareness Day: Savers still in the dark amid Covid-19 downfall
A roundup of the news marking the 2021 Pension Awareness Day, with £5.3bn lost from over-fifties pension pots during the pandemic, retirement security in the UK declining for the fourth consecutive year, and a new guide launched to help employers and schemes to support members’ financial wellbeing.