All NOW Pensions articles – Page 3
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News
Master trusts welcome CDC in decumulation
Several master trusts would welcome the ability to offer a collective defined contribution solution for their members in decumulation, after the government hinted at such a possibility.
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News
Cardano completes acquisition of Now Pensions
On the go: Pensions risk and investment management specialist Cardano has completed the acquisition of Now Pensions, an auto-enrolment provider serving over 30,000 businesses and 1.7 million pension savers.
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News
Now Pensions among four new authorised master trusts
On the go: The Pensions Regulator has authorised a further four master trusts to continue operating in the defined contribution market, including the once embattled provider Now Pensions.
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Features
Now Pensions castigated as master trust competition turns nasty
Data crunch: Master trust Now Pensions has published an index claiming its charges have the least drag on an average defined contribution pot, unleashing in the process a barrage of criticism of the provider’s own charging structure and administrative headaches.
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News
Cardano agrees acquisition of Now Pensions
On the go: Pensions risk and investment management specialist Cardano has agreed to acquire 100 per cent of workplace pension provider Now Pensions from Danish pension fund Arbejdsmarkedets Tillaegspension.
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News
TPR confirms Now Pensions admin crisis largely over
On the go: The Pensions Regulator has confirmed today that Now Pensions has overhauled its administration system.
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OpinionWhy we need to better understand Generation AE
Who are ‘Generation AE’, the first-time pension savers created by auto-enrolment?
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News
Opperman's consumer choice AE meeting draws ire of industry
Workplace pension providers and advisers have expressed fury at reports that minister for pensions and financial inclusion Guy Opperman will attend a meeting to discuss letting members choose their auto-enrolment provider.
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FeaturesShould schemes use social media to engage with members?
Any other business: On July 26, members of the Teachers’ Pensions Scheme were informed via Facebook that their service was experiencing disruption. Later that day, they were told that access had been restored. Some members disagreed.
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News
Mastertrust transfers and charges blasted in ‘worst in pensions’ study
Two of the UK’s largest mastertrusts have been named the worst performing providers in pensions over high charges and slow transfer processes.
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Opinion
How would a lack of government support affect dashboard progress?
Analysis: Reactions to speculation that the secretary of state for work and pensions wants to scrap the pensions dashboard project have been unsurprisingly negative.
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News
Now Pensions default struggles as industry lacks standardisation
Now Pensions has the worst performing default fund of any major defined contribution provider, according to a new report by product review company Defaqto.
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News
Now Pensions bottom of default fund league tables
Now Pensions has the worst performing default fund of any major defined contribution provider, according to a new report by product review company Defaqto.
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News
TPR raises bar with mastertrust code of practice
A new authorisation code requiring mastertrusts to demonstrate their financial sustainability may force a number of providers from the market, experts have speculated.
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News
Government lowers mastertrust authorisation fees
The government has announced that proposed fees for mastertrust schemes seeking authorisation have been revised downwards.
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Features
Why DC default investments matter for members
Analysis: More than 90 per cent of savers enrolled in a pension choose to remain in the default option, making it imperative that its investments match members’ needs and offer value for money.
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News
Now Pensions fined £70k for admin failings
The Pensions Regulator has fined the trustee and trust manager of Now Pensions in relation to persistent administration failures, and has given the embattled mastertrust until July to fix all of its issues.
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NewsWorker status at centre of draft bill on gig economy
The Work and Pensions Committee and the Business, Energy and Industrial Strategy Committee have published a draft bill and a report on workers’ rights and the gig economy.
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Opinion
When money meets religion: Sharia compliant pensions in the UK
Islamic finance is a fascinating and challenging domain. The industry’s assets were valued at $2tn (£1.5tn) globally at the end of 2016, according to S&P Global Ratings.
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Features
Could a shift in AE contributions balance raise saving levels?
Analysis: As questions remain over the adequacy of auto-enrolment contributions, a shift in the balance between employers and employees might provide the answer towards raising retirement saving levels.