Nine out 10 employers to review pensions strategy
Almost nine out of 10 large employers said they had recently reviewed their pensions strategy, or were planning to do so within the next 12 months according to new research by Capita....
Auto-enrolment
Marginal increase in AE opt-outs in 2019: DWP
Opt-out rates from AE pension increased marginally in 2019, following the second staged increase in minimum contribution levels according to the Department of Work and Pensions — but overall opt-out rates remain...
Trustee support for new TPR code wanes
Support is declining among pension schemes for The Pension Regulators new Code of Practice, according to research Aon. The professional services firm says that support has notably waned during the consultation period...
TPT appoints new head of employer relationships
TPT Retirement Solutions has appointed Helena Dumycz as its new head of employer relationships. Dumycz, a qualified actuary, has 18 years’ experience in the pensions sector and has worked in consulting and...
Punter Southall Aspire quits master trust market
Punter Southall Aspire is withdrawing from the master trust market. The firm currently runs the Aspire Savings Trust. Trustee will now begin the process of identifying a new master trust provider to...
Record pension withdrawals ‘but no Covid dash for cash’
More than £35bn has been withdrawn from pensions since freedoms were in 2015 with £2.5bn withdrawn in Q1 2020, up 19 per cent on the same period last year. The £2.5bn represents...
Master trust round table: Rising gilt prices “challenge” for legacy schemes
Gilt prices have risen sharply in recent months, on the back of volatile stock markets. One beneficiary of this has been those pension savers are still in schemes that are targeting an annuity...
Master trust roundtable: Pension industry faces communication challenge
There is a huge communications challenge for the pension industry, according to leading pension campaigner, Baroness Ros Altmann, in the wake of one of the most dramatic short-term market corrections in recent...
AE architect appointed as People’s trustee
Baroness Jeannie Drake, one original architects of auto-enrolment has been appointed to The People’s Pension board of trustees. This is one of two new appointments. The People’s Pension has also appointed consulting...
New CIO to oversee Now: Pensions investment strategy
Cardano Group has appointed Marino Valensise to be its group chief investment, and oversee the investment strategy of Now: Pensions. Valensise joins from Barings Asset Management, where he has worked for the...
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