All auto-enrolment articles – Page 30
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NewsIRRI: Nest 'should be allowed' to enter decumulation market
Government-backed mastertrust provider Nest should be allowed to compete in the decumulation market from 2018 to help savers who do not understand the risks, the long-awaited Independent Review of Retirement Income has said.
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OpinionAn update from the Pensions Regulator
Talking Head: The start of auto-enrolment for small and micro employers has been a success, with more than 90 per cent of the first group to reach their staging date compliant.
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NewsNHS cash for pensions offer could open loophole
An NHS trust has come under scrutiny for offering nurses cash to opt out of the pension scheme, which experts have said could lead to other employers copying the move.
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OpinionA welcome surprise from small employers
Talking Head: Pick up any pension magazine at the moment and you’re likely to find a lot of stories about auto-enrolment. Unsurprisingly, given that 1.8m small employers are starting to stage this year, there is a lot of talk about the challenges they might face.
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News
'Gold standard' pensions unattainable for most
Average earners targeting a “gold standard” pension of two-thirds pre-retirement income will need to work to age 77 at statutory minimum contribution levels, a new report has projected, underscoring the key role default levels will play as auto-enrolment matures.
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NewsEmployers feel the squeeze of AE
Employers are feeling the cost of providing auto-enrolment far more than scheme members, research from the Chartered Institute of Personnel and Development has shown.
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FeaturesRoyal Mail runs survey as freedoms heighten need for engagement
The Royal Mail Pension Plan is running an online member survey to judge engagement and levels of understanding among its members as freedom and choice makes member decisions even more important.
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NewsCost and complexity increase support for multi-employer schemes
The cost and complexity of running a pension scheme is increasing the appeal of multi-employer schemes, experts have said, as a survey shows industry support for government-backed scheme consolidation.
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News
DC consolidation driven by more than auto-enrolment
The number of people saving into large defined contribution schemes has more than quadrupled since 2009, figures from the Pensions Regulator have shown, as signs of DC consolidation begin to appear.
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News
Member-borne commission ban could move costs elsewhere
The Department for Work and Pensions has launched a consultation on draft regulations for banning member-borne commission in auto-enrolment schemes, but experts said costs would still need to be shouldered elsewhere.
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News
Simpler AE could benefit small employers
Further simplification of auto-enrolment regulations, now under consultation by the Department for Work and Pensions, will benefit small employers, but industry experts have said the policy is still playing catch-up with “horrendously complex” legislation.
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OpinionThe end of short-service refunds: Some quirks to look out for
Changes to the rules on short-service refunds come with some quirks trustees need to be aware of. Adeline Chapman, associate at law firm Sackers, explains what they are.
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News
Tougher nudge needed to make freedoms a success
Consumers will not have enough money to benefit from the opportunities the pension freedoms present, a report has warned, and any success will hinge on auto-enrolment becoming more prescriptive.
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News
Retirement expectations at odds with reality
Analysis: People retiring in 2016 expect a retirement income of £17,700 a year, new research has shown, but industry experts have questioned how this figure will be maintained as the decline of defined benefit provision accelerates.
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Opinion
Altmann: Many employers going above AE minima as reform beds in
Talking Head: I’d like to start my first column for 2016 by wishing all Pensions Expert readers a happy new year, and updating you on one of this government’s major programmes.
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News
Intergenerational fairness debate heats up as inquiry is launched
Analysis: An inquiry into intergenerational fairness, aiming to bring more clarity to the often heated debate about who gets what from the state and employers, has been welcomed by experts.
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NewsRegulator’s approach withstands first AE judicial review
A High Court ruling has approved the Pension Regulator’s approach to itinerant employees working overseas, providing the industry with clarification on a “grey area” of auto-enrolment legislation.
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Opinion
A year of many firsts lies ahead
Editorial: Happy new year! It started with a bang – a stock market slump, circuit breakers suspending trading in China, China suspending the circuit breakers, and the FTSE falling sharply on Monday and Thursday last week.
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News
Regulator warns small employers with new year AE reminder
The Pensions Regulator has written to small and micro employers across the country reminding them of new workplace pension requirements, but experts say it will need to take a harder line to drive up compliance.
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Opinion
Indecision and fear: tax changes threaten the role of pensions in employee benefits
From the blog: More than half of schemes are considering offering a cash allowance to members affected by pension tax changes, as alterations to the lifetime allowance threaten to drive high-earners away from workplace pensions.