The Job Retention Scheme (JRS) has provided grants for more than 8 million employees with the Government funding 80 per cent of wages, associated employer national insurance costs and auto enrolment pension...
The Department of Work and Pensions has launched a review of the charge cap on auto enrolment default pension funds. The government department is calling for evidence from the industry and seeking...
The Covid-19 pandemic has presented the defined contribution sector with its first big challenge since the full implementation of auto-enrolment. The FTSE All-Share index lost 18 per cent in the calendar year to 27 May, according to FE Analytics,...
Consultants and providers have responded to the FCA proposals to improve value for money in workplace pensions, saying more work is required to ensure fair and consistent assessments. Premier Pension head of...
The Financial Conduct Authority has launched a consultation on improving value for money on contract-based workplace pensions. These proposals aim to make it easier for Independent Governance Committees (IGCs) and Governance Advisory...
Insurers have given a cautious welcome to calls to simplify pensions tax relief but have warned a “pensions Isa” could undermine the success of auto-enrolment. Yesterday the ABI called for the government...
The Association of British Insurers has called for pension tax relief to be simplified, in order to reduce savings inequalities. This call for government action comes after the ABI commission a report...
Aegon is rolling out a new version of its Member Insights tool for master trust and GPP clients that facilitates behaviourally-driven targeted emails to different groups of members. The provider’s dynamic governance...
The High Court has ruled that the cap on maximum compensation available under the Pension Protection Fund (PPF) flouts age discrimination rules. This ruling is likely to have widespread implications for the...
Globally, experts are concerned many people could be sleepwalking into retirement poverty. The World Economic Forum highlighted that the gap between what people save and what is needed for an adequate standard...
