All auto-enrolment articles – Page 23
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News
Time running out for DWP to book 2019 bills, Webb warns
The Department for Work and Pensions is at risk of running out of time to pass key aspects of its pensions policy agenda in 2019 due to the impact of Brexit and several measures yet to even reach a consultation stage, according to former pensions minister Sir Steve Webb.
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News
Government figures show drop in persistency of saving
The amount saved into workplace pensions rose by £4.3bn to £90.3bn in 2017, according to new government data, but a slight drop in the persistency of saving last year has raised concerns.
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OpinionDC should stand for decent contributions
From the blog: In recent years, regulators have put so much emphasis on the minutiae of defined contribution pensions that we seem to have forgotten about the bigger picture.
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OpinionDashboard and AE improvements can cement Opperman’s legacy
It has been a busy first year for Guy Opperman, with some significant steps forward for auto-enrolment announced in last year’s review, the adoption of much-needed mastertrust and bulk transfers regulation, and the smooth roll-out of minimum contribution increases.
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OpinionBlowing the whistle on the secret pension offenders
They hide in plain sight, looking respectable to the outside world but denying their workers their legal rights.
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News
Report urges pensions overhaul to fix intergenerational unfairness
The UK’s intergenerational contract is under more strain than ever, and radical reforms are needed to secure the funding of increasing care costs while helping young people to save, according to Conservative peer Lord Willetts.
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News
TPR to seize assets of rogue employers
The Pensions Regulator has said it will appoint High Court Enforcement Officers to seize assets of employers who do not pay a pension fine.
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Features
Asos staff to have choice between pension and Lisa
Online clothing retailer Asos has issued a request for proposal for a new flexible employee savings provider, after it decided to let staff choose whether to focus on saving for retirement or shorter-term goals.
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OpinionExpect as few as 15 mastertrusts within five years
The consensus in the pensions industry is that the mastertrust market is about to start shrinking – how quickly and to what extent is open to debate, but in the long run this can only be good for members.
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NewsIHG ups contributions ahead of 2019 deadline
Intercontinental Hotels Group has increased its default pension contributions to 2019 minimum levels a year early, after a multi-pronged member communications exercise last year sought to persuade employees to increase saving levels voluntarily.
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News
Retirement defaults would strengthen UK system, experts say
UK pension commentators often point to the Netherlands as an example of a country with a good pensions system, but the UK’s introduction of freedom and choice has also attracted interest from Dutch pension experts.
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Opinion
Has auto-enrolment come of age?
Since its inception almost six years ago, auto-enrolment has succeeded in relying on inertia to help more people save for retirement, that much is clear. Uncertainty and a need to build on this success, however, remain.
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News
Default drawdown tops select committee's at-retirement wishlist
Providers of drawdown products should be required to develop charge-capped default products to help disengaged savers make their pension last, the Work and Pensions Committee has recommended.
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News
TPR to prosecute recruitment firm
The Pensions Regulator is to prosecute recruitment company Workchain Ltd and seven of its directors and staff for unauthorised access to a computer programme. They are accused of logging into the company pension scheme using employees' details to opt them out of the scheme.
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OpinionClear and simple communication is key to preventing opt-outs
There is much speculation about what employees may do as a result of upcoming auto-enrolment minimum contribution increases. Will they decide to opt out – and what is the role of the employer in this next phase?
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OpinionHow to ensure good value for members
From governance and investment to member engagement and communications, seven experts, including HR directors, look at how employers, providers and trustees can ensure better outcomes for members of defined contribution schemes.
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Features
Does a good pension scheme improve recruitment and retention?
Analysis: Businesses believe that pension provision is having a positive impact on recruitment and employee retention, according to a recent study, but opinions are divided on whether retirement savings are seen as more than just a nice-to-have.
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News
Healthcare company pleads guilty to misleading TPR
A Birmingham-based healthcare company and its managing director have pleaded guilty to misleading the Pensions Regulator about enrolling staff into a workplace pension, after a whistleblower raised the alarm.
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NewsRegulation could increase after Brexit, experts say
Brexit could lead to more rather than less pensions regulation, while radical revisions to tax relief might be needed to keep low earners enrolled in the pensions system, according to a panel of policy experts.
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OpinionThe pensions industry risks betraying Generation X
The intergenerational contract, the long-held view that any generation will and should be better off than the one that preceded it, is broken.