All auto-enrolment articles – Page 9
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NewsThink tank warns old DC schemes can erode member benefits
On the go: Members could be suffering poor value for money and seeing their benefits erode by not moving their pensions out of old defined contribution pots, the Institute for Fiscal Studies has warned.
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NewsOpperman declines to give timetable for auto-enrolment expansion
Industry experts have expressed disappointment at the lack of a timetable for expanding auto-enrolment, following a debate on the topic in Westminster Hall.
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NewsAlmost half of workers cannot afford to save for retirement
On the go: Almost half (47 per cent) of individuals not yet in retirement say that spiralling costs have left them unable to save, according to a survey from the Pensions and Lifetime Savings Association.
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NewsDWP tweaks 'stronger nudge' in response to industry complaints
The Department for Work and Pensions has announced several changes to its proposed “stronger nudge” in response to industry concerns, with the aim being to lessen the burden of administering them.
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PodcastsPodcast: DC focus must ‘fundamentally shift’ from costs to value in 2022
Podcast: The focus on defined contribution scheme offerings must “fundamentally shift” from costs to value for money in 2022 if better outcomes are to be achieved. Darren Philp, director of policy and communication at Smart Pension, and Mike Ambery, partner at Hymans Robertson, discuss the DC outlook, expanding auto-enrolment, and reforming Solvency II.
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NewsPLSA targets ‘adequate income’ for 2022
On the go: Securing a policy regime that guarantees an adequate retirement income for most savers will sit at the top of the Pensions and Lifetime Savings Association’s list of priorities this year, it has announced, with the industry body advocating for the expansion of auto-enrolment.
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NewsParliament moves to ban flat fees on small pots
On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.
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NewsNest closes Pre-retirement Fund after wide review
Government-backed master trust Nest has decided to close its Pre-retirement Fund following a review, since the fund was no longer appropriate due to the flexibility introduced by pension freedoms and the confusion its name caused among members.
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NewsMP seeks to extend auto-enrolment to 18-year-olds
On the go: Proposals that would see working 18-year-olds and low earners automatically save into a pension are being put before parliament this week.
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PodcastsPodcast: Solving the UK’s ‘underpensioned’ problem
Podcast: A significant proportion of the UK’s working population is struggling to save for retirement, and the Covid-19 pandemic has only worsened the situation. In this podcast, Now Pensions’ head of PR and campaigns Samantha Gould and the Pensions Policy Institute’s senior policy researcher Lauren Wilkinson talk us through the findings of a recent research report into the UK’s ‘underpensioned’ problem, and the policy initiatives that could help bridge the gaps.
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NewsSavers stick to default funds despite ESG concerns
On the go: Despite savers showing an interest in investing their pensions responsibly, only one in five workplace scheme members have converted their investments into green funds, research has shown.
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NewsNest Insight trials new self-employed savings pilots
On the go: Master trust Nest’s research arm will be taking part in two pilots, which will test new forms of flexible saving for self-employed individuals.
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NewsWPC launches third stage of pension freedoms inquiry
On the go: The Work and Pensions Committee has opened the final stage of its pension freedoms inquiry with a call for evidence on the challenges of saving for later life.
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NewsAgeing a bigger problem for pensions than Covid-19
The impacts of the Covid-19 pandemic on pensions could be relatively short-lived should the global economy continue to recover, but an ageing population presents long-term challenges with no simple solutions, according to a new report from the OECD.
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News300,000 women no longer able to participate in workplace pensions
On the go: The pandemic has impacted women’s ability to save, with 300,000 women no longer able to participate in a workplace pension, new research has found.
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NewsBrendan McCafferty appointed as Nest chair
On the go: Pensions minister Guy Opperman has announced that Brendan McCafferty has been appointed as chair of the National Employment Savings Trust for a five-year term.
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NewsEstate agents sue Purplebricks over pay and pensions
On the go: Campaign group Contractors for Justice is to take legal action against online estate agent Purplebricks in a move reminiscent of gig workers’ bid to win holiday pay and pension rights.
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NewsAmbassador to pay £80,000 for withholding pension information
On the go: An ambassador has been ordered to pay more than £80,000 after being found guilty of withholding information from the Pensions Regulator.
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NewsSavers told how to report unpaid pension contributions
On the go: Individuals with unpaid pension contributions can now consult a new factsheet launched by official entities to get a clearer understanding of what to do in these cases.
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NewsNest Insight launches opt-out savings trial
On the go: The research arm of the government-backed master trust Nest has launched an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.