Nest has appointed Northern Trust to be its new fund administrator, coordinating the pension scheme’s investments across its diversified portfolio. Northern Trust has won the contract from State Street Corporation, the US...
The UK’s spending watchdog has blasted delays and rising costs in the implementation of the pensions dashboard project, blaming a lack of skills and ineffective governance. Costs have jumped by £54m, despite...
As more companies begin to review their master trust provider, the secondary master trust market is coming more into focus. However, unlike the familiar single-employer trust to master trust market transition (with...
The Department for Work and Pensions’ value for money (VFM) framework promotes increased disclosure by providers across a wide range of metrics in a bid to drive improvements in defined contribution (DC)...
As more companies begin to review their master trust provider, the secondary master trust market is coming more into focus. However, unlike the familiar single-employer trust to master trust market transition (with...
Demanding to know from a provider the process for leaving just when you are joining may sound contradictory, but a clear understanding of exit procedures is just one element of a standardised...
DC providers added £113bn in 2023, an increase of 25.5 per cent, with Aviva retaining its position as the biggest bundled DC provider, with assets of £110.6bn, up £15bn on the previous...
Electronics giant Siemens has moved its £1.6bn pension scheme to Standard Life, the largest own trust to master transfer transfer to date, based on value of assets. As a result of this...
HMRC is asking people to delay retirement to avoid being hit by unresolved issues and errors in the new lifetime allowance (LTA) rules that were introduced within a timeframe that experts said...
Former Nest CEO Helen Dean has started her new role as chair of the Standard Life’s Master Trust company board. In this role she will oversee the interests of the 300,000 members...
