DWP sets out regulatory plans for small pension pots
The Department of Work and Pension has confirmed that pension pots of less than £1,000 will be rolled into a ‘consolidation vehicle’ in a bid to tackle the proliferation of small deferred...
News
Neil Hugh: How your clients can join up their financial and employee wellbeing strategies
Are your clients looking to build both a financial and employee wellbeing strategy into their business? Combining the two can be a more effective way of delivering a holistic benefits package. Employee...
Hunt threatens to close under-performing DC schemes
Chancellor Jeremy Hunt has warned that underperforming DC pension schemes face being closed down by regulators, in a move that will see the UK workplace pension landscape emulate that in Australia. In...
Providers sign up to ‘Mansion House Compact’
Major pension providers have announced that they will sign the Mansion House compact agreement following Chancellor Jeremy Hunt's speech which outlined measures to boost investment into UK businesses. Aegon, Mercer and Smart...
Penfold launches support-enhancing platform for accountants
Penfold has launched the Penfold Platform with the goal of assisting accountants in shortening the time it takes to handle pensions and optimising workdays. Penfold says the platform's primary focus is to...
Moneyhub partnership allows advisers to get real-time view of client finances
Moneyhub has partnered with Voyant, a firm offering wealth management solutions to IFAs and advisory firms. Voyant will now use Moneyhub’s open finance and open banking APIs on all its adviser systems....
Chancellor to unveil £50bn unlisted equity plan for DC pensions
The Mansion House 'compact' will be unveiled this evening by Chancellor Jeremy Hunt, outlining an agreement with a number of leading UK defined contribution schemes that will see them invest £50bn of...
‘Urgent need’ for providers to rethink retirement income options: Hymans
Workplace pension savers could see their retirement income increase by 20 per cent if the DC sector adopts a more innovative approach to risk sharing - which could include CDC solutions. This...
New TPT appointment to explore new CDC proposition
Master trust provider TPT Retirement Solutions has appointed Paul Eagles as its senior professional services manager. Eagles joins from Legal & General Investment Management, where he was headed DC client commercials and...
Aon UK DC pension tracker shows decline in Q1
Aon UK DC pension tracker experienced a slight decrease in Q1, impacting younger savers the most. The Aon UK DC Tracker decreased from 69.7 to 67.9 throughout the course of the quarter....
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HL teams up with Smart’s Keystone for workplace business upgrade
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Utmost Group to sell BPA business
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Minimum-wage part-timers to qualify for pensions under new rules
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Ben secures £20.8m to modernise benefits infrastructure
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TPR consults on code for multi-employer CDC
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FCA charge cap review – performance fees, not 0.75pc
