FCA consultation paper sets out new role for IGCs
The FCA is looking to extend the remit of Independent Governance Committees that oversee workplace pensions. In a consultation paper - published today - it sets out two key new roles for...
Auto-enrolment
DC pensions poised to overtake DB schemes: ONS
The number of people saving into a DC workplace pension is almost level with those holding DB pensions, according to the latest figures from the Office of National Statistics. According to ONS...
Spike in LTA breaches following AE rollout
Since the introduction of auto-enrolment there has been a significant spike in the number of people breaching lifetime allowance ‘protections’ according to new HMRC figures. The figures were released following a freedom...
Punter Southall Aspire hires new associate director
Punter Southall Aspire has hired Chris Eyre as an associate director, in a bid to expand its workplace retirement advice service. Eyre will be associate director of Punter Southall Aspire retirement services...
Concerns grow over too-poor-to-retire employees
Almost half of employers worry that older employees will have insufficient pension savings to be able to retire, prompting a call for them to review what they are aiming to get from...
Round table: What role for advisers in a master trust world?
Master trusts are transforming the face of workplace pensions, absorbing most of the 10m people automatically enrolled since 2012 and taking over governance, investment management and administration for an increasing number of...
Round table: Master trusts – Differentiation through innovation
As today’s master trusts evolve into the asset-rich behemoths of tomorrow, competition between them is set to become increasingly intense. Deeper member insights, intelligent defaults and investment innovation will all play a...
Auto-enrolment increases – traps and opt-outs
A mere thirteen years after Adair Turner’s Pensions Commission recommended that UK workers be automatically enrolled into a workplace pension, contributions will finally rise to their full level of 8 per cent...
Rudd sets out conditions for dashboard legislation
Pension schemes will be compelled to supply data to the pension dashboard in a phased rollout that will see big DC schemes enrolled first, the government has confirmed. Publishing its response to...
Younger employees need clearer guidance on pensions
Millennials have a “worrying lack” of awareness as to how pensions work, according to a new survey from Invesco. The company found the majority of those aged between 24 and 34 did not...
