All Defined contribution articles – Page 76
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News
Aegon and Nest join list of authorised master trusts
On the go: Nest, the master trust set up by the government to back auto-enrolment, has received authorisation from the Pensions Regulator, along with four other multi-employer schemes.
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Features
‘Powerless’ employees see AE minimums as recommendations
Data Crunch: Pension savers wrongly think minimum contribution levels required under automatic enrolment are the government’s recommendation for how much to save, research has revealed.
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News
TPR prosecutes director for information breach
On the go: The Pensions Regulator is taking legal action against a company director for failing to provide it with information – the latest in a string of prosecutions for section 72 breaches.
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News
Government signals an end to flawed RPI
On the go: The end may be nigh for the flawed retail price index of inflation, after the chancellor announced plans to consult on whether to align it with a version of the consumer price index between 2025 and 2030.
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News
No-deal Brexit fears cause annuity rates to plummet to near record lows
On the go: Fears of a no-deal Brexit and a slowdown in the global economy have pushed annuity rates to near record lows, says Hargreaves Lansdown.
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News
Businessman’s refusal to share information with TPR leads to court
On the go: The Pensions Regulator is prosecuting a Hampshire and Surrey-based businessman for failing to provide it with details of the companies he owns.
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News
Smart Pension and Lewis schemes get master trust authorisation
On the go: The Pensions Regulator has authorised a further two master trusts to continue operating in the UK.
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OpinionRegulator still sparing AE breach employers’ blushes
When it comes to bad bosses not doing the right thing by their staff, the Pension Regulator likes to talk tough.
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News
ONS: One in four people will be over 65 by 2050
On the go: The UK population is growing older, Office for National Statistics figures have shown, with potentially big repercussions retirement patterns.
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News
Business handed £350k fine for not complying with pension duties
On the go: The Pensions Regulator is warning employers not to avoid their pension duties after one company ended up with a £350,000 fine.
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NewsOne in five people 'not bothering' with their pensions, survey shows
Experts have stressed the need for financial education after recent research found that more than a third of savers do not know how to access their pension pots and one in five people are “not bothering” with their pensions at all.
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News
9m workers sleep-walking into retirement, report finds
On the go: Nearly 9m mid-career employees are flying blind into retirement, clueless on how much they need to save for their retirement, Aviva research has found.
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News
Employers urged to monitor default performance more closely
On the go: Employers should look under the bonnet when reviewing their default fund as there is a huge variation in asset allocation and performance of these products, according to Punter Southall Aspire analysis.
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News
Nest signs up to ‘Star’ initiative as Opperman urges others to join
On the go: Master trust Nest – one of the UK’s biggest pension schemes, with 8m members – has joined the pensions industry ‘Star’ initiative.
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PodcastsPodcast: Tackling the 'long tail' of underperforming smaller schemes
Podcast: The Pensions Regulator’s latest defined contribution survey revealed that only 4 per cent of micro schemes and 1 per cent of small schemes are meeting all of the watchdog’s governance standards. David Fairs, TPR’s executive director for regulatory policy, analysis and advice, has previously described the “long tail” of underperforming smaller schemes as “unacceptable”. In this podcast, Mr Fairs talks to Pensions Expert about what the survey’s findings mean, and how the DC landscape might change.
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NewsSchemes still lagging on cyber security
A leading cyber-security expert says pension schemes are still behind the rest of the financial services sector in protecting members, despite increasing awareness and realism about the threat of online criminals.
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News
National Pension Trust and SEI Master Trust achieve authorisation
On the go: National Pension Trust and the SEI Master Trust have been added to the Pensions Regulator’s list of authorised master trusts.
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News
IWDC Section of Railways Pension Scheme gains authorisaton
On the go: The Railways Pension Scheme’s Industry-Wide Defined Contribution Section master trust has been authorised by the Pensions Regulator.
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News
Watchdog to prosecute recruitment agency over AE duties
On the go: The Pensions Regulator is prosecuting a recruitment agency and its managing director on suspicion of attempting to avoid providing employees with a workplace pension.
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News
Huge gulf in UK workplace pension provision by sector
On the go: Pension provision and employer contributions vary wildly across UK employment sectors, with the financial services at the top and agriculture, forestry and fishing propping up the bottom of the tables.