Pension providers and advisers have reported widespread confusion as to how the Job Retention Scheme will impact firms who use salary sacrifice schemes for pension payments - saying more clarification from the...
Firms are breaking employment law by imposing salary cuts and pension reductions without undertaking a required 60-day consultation period with employee representative groups. Advisers attending a virtual Corporate Adviser roundtable on the...
Many hundreds of employers have stopped making pension contributions after furloughing staff according to trustees. Capital Cranfield professional trustee Andrew Cheseldine says some master trusts they work with have seen cancellations from...
Employers struggling to meet their auto-enrolment and other workplace pensions obligations can expect a ‘proportionate’ risk-based approach to enforcement says The Pensions Regulator. Issuing a Covid-19 guidance update, TPR says auto-enrolment contributions...
Scottish Widows has appointed former executive director for regulatory policy at The Pensions Regulator Andrew Warwick-Thompson as the new chair of its master trust. Warwick-Thompson takes over from Kim Nash, who steps...
The FCA has confirmed the delay to the implementation of post-retirement investment pathways that could have nudged investors now in secure cash investments into equities and other risky assets. In January the...
Lisa Mundy has been appointed as the BESTrustee representative on the Mercer Master Trust board. In this role, Mundy will lead the administration and communications sub-committee. Mundy has 28 years of experience in...
The People’s Pension has added an annual member charge in a move it says is designed to make it fairer and futureproofed against the ongoing impact of Covid-19. B&CE, the provider that...
The government has responded to high profile corporate failures such as BHS and Carillion by tabling new legislation to bolster The Pensions Regulator’s powers and discourage corporate and individual behaviours that may...
Smarterly, the workplace savings fintech, has acquired Salvus Master Trust for an undisclosed sum. The deal is the first acquisition of an authorised master trust following The Pension Regulator’s master trust authorisation...
