Nine out of 10 employers to review pension provider in 2020
Almost nine out of 10 employers are set to review their pension provider this year, according to new research. The research by Smarterly found that more than one in two employers(54 per...
Auto-enrolment
New Budget date raises prospect of pension reform
The Chancellor, Sajid Javid has confirmed his first Budget will be held on March 11 this year. It is widely expected that this will contain proposals to reform the current pension system,...
Nest subsidiary receives FCA authorisation
Nest has confirmed its new subsidiary, Nest Invest has received authorisation as an Occupational Pension Scheme. Nest’s chief investment officer Mark Fawcett says: “The Financial Conduct Authority has reviewed our application and...
Majority of workers don’t know where pension funds invested
Three out of four people have no idea where their pension is invested, while nine out of 10 did not know what a ‘default’ fund is, according to new research. This is...
FCA finalises new role for IGCs
The Financial Conduct Authority has finalised rules which extend the role of Independent Governance Committees in workplace pensions. For the first time IGCs will be responsible for overseeing a pension’s provider approach...
Nest tests tougher environmental targets
Nest is testing more stringent environmental targets as a way to protect investors from the the risks posed by climate change. The UK’s biggest master trust, which looks after the pension of...
Smart Pension to run Guernsey’s AE pension scheme
Smart Pension has been appointed as the preferred provider for Guernsey’s new auto-enrolled pension scheme. All employees living and working in Guernsey will be enrolled into the Your Island Pension Scheme in...
Special report: Benchmarking pension contributions
Pension contribution levels will have to increase if individuals are to enjoy the retirement income they currently expect. The programme of increases in auto-enrolment contributions has concluded and for now there are...
Smart Pension expands European offering with new partnership
Smart Pension is launching a new European-wide workplace pension product, in partnership with Revolut. The collaboration allows companies across Europe to sign up to Revolut’s business account and set up a workplace...
How the election could change UK pension policy
The Pensions Policy Institute has set out a detailed analysis of how the main parties’ manifesto pledges could effect pensions and retirement policy in the UK. This briefing note compares the main...
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