Unclaimed pension assets worth £20bn
It is estimated there are 1.6m lost pension pots, with a total value of almost £20bn, according to new industry research. This research was carried out by the Association of British Insurers...
DC
ITM acquires Faraday Tracing Bureau
This is the first acquisition for ITM since it completed a management buyout in May this year. Faraday Tracing Bureau offers specialist tracing services for pension providers, schemes and third party administrators...
Master trust roundtable: Masters of destiny
The rise of the master trust seems unstoppable. Auto-enrolment has brought 10 million new savers into these giant schemes, while pressure from the Pensions Regulator and employer demand has seen many own-trust...
Master trust roundtable: Winning on trust
The debate over whether trust or contract pension arrangements are superior is decades old. Yet with such a high level of regulatory change, product development and scale on the master trust side, the answer to the question...
Workplace financial advice ‘could save employers money’
More than eight out of 10 employers (83 per cent) say their workforce would value "free" financial advice as an employee benefit. But despite this just a third of employers (33 per...
SEI appoints new director
Whyte will be responsible for growing and developing SEI’s DC proposition which includes its master trust. She will be based in the company’s London office but will oversee business development across Europe...
Employers would back Budget changes to simplify pension tax
There is strong employer support for a simplified pension tax regime, according to a new report. Ahead of the Autumn Budget, a report by the Association of Consulting Actuaries found that almost...
Aegon appoints new head of master trusts
Following the acquisition of BlackRock’s UK defined contribution platform and administration business, Aegon has promoted Kate Smith to the new role of head of master trust. Smith, who joined Aegon in 2006,...
Smart Pension appoints chief strategy officer
Darracott joins from Legal & General Investment Management where she worked for 12 years, most recently as head of digital investing. She also led LGIM’s investment into Smart three years ago. In...
Larger providers scoop top ratings in annual pension survey
Aegon, Aviva, Royal London and Scottish Widows have all received gold medal ratings for their workplace pensions. Financial research consultants, F&TRC, have compiled their annual ratings of both workplace pension and auto-enrolment...
