All master trusts articles – Page 18
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OpinionAre mastertrusts financially stable?
A couple of years ago Andrew Warwick-Thompson, executive director of defined contribution and public service pension schemes at the Pensions Regulator, was quoted as saying: “There are 70 mastertrusts and that’s 60 too many”.
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News
Regulator announces mastertrust crackdown
The Pensions Regulator has announced plans to crack down on poorly governed mastertrusts, as auto-enrolment begins to show clear winners and losers among schemes.
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Opinion
The top three pension priorities
From the blog: With the introduction of the pension freedoms in April 2015, employees were given far greater flexibility to draw down their pension pot. But, despite it being nearly a year since the freedoms, many people are still unaware of just how their options have broadened.
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News
Larger mastertrusts welcome imminent regulation
Providers have welcomed plans to increase regulation of mastertrusts, as the government reveals it intends to bring in legislation for the arrangements “as soon as practically possible”.
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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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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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OpinionNext-gen auto-enrolment support for smaller employers
The introduction of auto-enrolment has presented a range of challenges for the employer, their payroll administrators and workplace pension scheme providers.
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News
Do trust and contract-based plans require separate regulation?
Analysis: Defined contribution schemes are regulated by two separate bodies, each of which works better in certain scenarios, a Pensions Policy Institute report has found. But the debate continues on whether a single watchdog would improve the current regime.
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NewsBT takes the value for money debate to its members
BT Pension Scheme has tabled a roadshow to gather its members' views on how they define value for money, in a wider effort to boost engagement.
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News
Advisers flock to Nest but micro employers slow to arrive
Mastertrust Nest has experienced increased take-up of its professional services online hub in the run-up to the biggest waves of auto-enrolment stagers next year, but micro employers’ preparations are still lagging behind expectations.
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News
Employers need government support to lead on engagement
Workers yearn for employer guidance on pensions but still lack understanding, leading some experts to call for the government and pensions industry to help employers use their influential position to promote saving.
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NewsCambridge uni scheme scrutinises opt-outs in prep for re-enrolment
Cambridge University Assistants’ Contributory Pension Scheme is examining the causes of opt-outs as it prepares to re-enrol members into its hybrid scheme next year.
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OpinionHow to cut costs through shared services
Pension schemes are constantly looking at innovative ways to improve either their investment strategies or the functions available to their schemes.
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OpinionWhy schemes are resisting drawdown demand
The pension flexibilities introduced in April are having a dramatic impact on the behaviour of retirees.
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News
Regulator talks tough as DC scheme governance falls short
Small and medium-sized defined contribution schemes are falling behind on governance compliance, Pensions Regulator research shows, with the watchdog vowing to use its powers where necessary.
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Opinion
Mastertrust discontinuance plans – why we need certainty
The Pensions Regulator defines a mastertrust as:
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NewsHairdressers take firm hold of auto-enrolment with own mastertrust
The National Hairdressers' Federation has created a mastertrust to help its employer members with auto-enrolment, but experts have questioned the ability of smaller trusts to achieve adequate scale.
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OpinionEducate, guide, default – how schemes should deal with DC flex
The new pension flexibility has now been available for one month. Early indications suggest a great deal of interest among pension savers, but it is too early to identify trends in terms of what people will do with their pension savings.
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Opinion
How to reconcile multiple appointments on governance boards
Any other business: In three weeks, the requirement for pension providers to form independent governance committees to monitor the effective running of contract-based schemes will come into force.