Six million missing out on workplace pensions
Figures show 6.3m employees are still without a workplace pension, despite the fact that the proportion of workers saving for retirement has hit an all-time high. Latest figures from the Office of...
Auto-enrolment
Master trusts hit out at 10pc increase in regulatory costs
Leading auto-enrolment providers are calling for urgent reform of the mechanism for funding regulation of occupational pensions. The Department of Work and Pensions has just announced a 10 per cent increase to...
Janus Henderson appoints new director to develop DC proposition
Janus Henderson Investors has appointed David Whitehair as its new director of institutional business, defined contribution, with a view to developing the company’s DC proposition. In this role Whitehair will provide strategic...
Society of Pension Professionals appoints new CEO
The Society of Pension Professionals has appointed Fred Emden as its first chief executive. The SPP is a trade body, representing companies that advise and provide services to work-based pension schemes and...
DC trusts: is bigger better?
The Pensions Regulator has made its ambivalence towards smaller single employer trusts crystal clear. For example, last August it described what it saw as the unacceptable scale of under- performance in its annual...
Govt figures show AE opt-outs remain low
Opt out rates for auto-enrolment remain low, despite last April's increase in contribution rates, according to the latest data published by the Department of Work and Pensions. Its Automatic Enrolment Evaluation Report...
Five years of pension freedoms have created confusion among savers: report
It is now five years since the introduction of pension freedom rules, but there is still widespread confusion about retirement options, particularly among the 50-plus age group. One in four savers (26...
Hymans Robertson appoints new head of DC investment
Hymans Robertson has promoted William Chan to the newly created role of head of DC investment. In this new position Chan, who joined the company in 2015, will lead Hymans Robertson on...
TPR conducts AE spot checks at large employers
The Pensions Regulator is conducting spot checks among the UK’s largest employers to ensure they are meeting their auto-enrolment obligations. This includes banks, local authorities, supermarkets and national charities. These short-notice inspections,...
FCA waters down proposals for full fee disclosure on workplace pensions
Workplace pension providers will no longer have disclose to members full fees — including transaction costs — for all fund options, after the industry lobbied the regulator for a change in these...
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