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...
DC
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...
TPR fines Salvus Master Trust trustees for failing to invest £1.4m
The Pensions Regulator has fined four trustees of the Salvus Master Trust for failing to invest £1.4m of member funds. The trustees each received the maximum fine of £5,000. The regulator says...
80pc increase in firms looking to change pension provider
There has been an significant increase in the number of businesses looking to switch their workplace pension provider over the past year, according to new figures. Aviva says it has seen an...
Treasury tackles pension ‘anomaly’ to help lower paid workers
HM Treasury has confirmed it is looking to tackle anomolies in the auto-enrolment system which has seen up to one million low-earners miss out on tax relief. Its statement, which says it...
Schroders launches low-cost ESG fund
Schroders has launched a new Sustainable Multi-Factor Equity Fund, designed to meet growing demand for more ESG-focused investment strategies. This is a global fund, benchmarked against the MSCI All Country World Index....
Average auto-enrolment fund worth £3,353
This figures, calculated by Aegon, assume that the employee and employer have made just minimum contributions over this full six-year period. Aegon says this is a “small but important” start to their...
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