TPR fines triple over past year
Fines issued by The Pensions Regulator have tripled in value over the past 12 months. In total the value of fixed penalty notices was £11.5m during the 2017/18 tax year. This compares...
DC
TPR finds failings with smaller DC schemes
Many smaller pension schemes are failing to demonstrate they provide good value for members according to new research from The Pensions Regulator. In its annual DC survey, the watchdog found that nine...
Aon boosts DC pension team
Aon has appointed Damon Hopkins as principal DC consultant. He joins from P-Solve, where he was a senior consultant responsible for DC business and proposition development initiatives. He has previously worked for Willis...
TPR figures show rising numbers excluded from AE
Figures released this week from The Pensions Regulator show that around 9.9m people have been automatically enrolled into a workplace pension, since the scheme started in 2012. This is an increase of...
New regulations force trustees to consider ESG factors
The majority of pension trustees will now be compelled to consider environmental, social and governance factors as part of their investment process. These updated regulations were published by the Department of Work...
Digital engagement key for younger pension savers
Younger workers are more likely to log-in and view their workplace pensions than older colleagues according to new research from Hargreaves Lansdowne. This research found that - not surprisingly - older workers...
Retirees lose £3bn of GARs in rush to cash in pensions
New FCA data shows pensions savers have missed out on an estimated £3bn since the introduction of pension freedom rules, by failing to take up guaranteed annuities. This data suggests that nearly...
VFM harder to assess with bundled providers says PPI
The report says there are issues with the transparency of costs and charges in contract-based and master trust schemes, particularly where there is a commercial link between asset manager and provider. It says...
New ONS figures prompt calls for increased pension contributions
New ONS figures show that since 2012, and the start of auto-enrolment, an additional 9.8m people have been enrolled into workplace pension schemes. However over this period, contribution levels of have fallen...
TPR appoints new director of strategy and risk
Hill will join the regulator in November. She is currently director of market intelligence, data and analysis at the FCA. In her new role Hill will be responsible for implementing TPR’s tougher...
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