TPR consults on code for multi-employer CDC
The Pensions Regulator has launched a consultation on its new code of practice for multi-employer CDC schemes. This revised code sets out the authorisation criteria for providers who want to run one...
UK
Standard Life: Giving people confidence about retirement decisions
SPONSORED COPY How can providers support members when it comes to retirement decisions? Effective retirement support starts with understanding members’ needs, and these can be very different. This isn’t just about pension...
AE tax thresholds to remain frozen for next tax year
Torsten Bell, the minister for pensions has confirmed that automatic enrolment thresholds for the next tax year will remain frozen at their current levels. This was widely expected, and was confirmed in...
Aegon boosts private markets allocation in default strategy
Aegon UK is including a more significant allocation to private markets within its second largest workplace default, the Aegon LifePath strategy. This default strategy is used by more than 375,000 pension savers...
Lumera acquires public sector pension consultancy firm
Insuretech firm Lumera will acquire the consultancy firm Acuity for an undisclosed sum. Acuity specialists in complex pensions and workforce reforms for public sector schemes, and has longstanding relationships with both the...
Editor’s view: No avoiding the one-way street for DC charges
There’s no getting away from it, charges are going to go up across the board in the DC pensions market. The current dual or multiple default strategy is only going to last...
FCA charge cap review – performance fees, not 0.75pc
The Financial Conduct Authority (FCA) is reviewing the rules around contract-based pensions to allow performance fees to be included outside of the 0.75 per cent charge cap. Some media outlets have reported...
State pension age rises push 250,000 more early-60s into poverty
More than 250,000 additional people aged 60–64 are now living in relative income poverty compared with 2010, as state pension age increases take effect, according to a report from the Standard Life...
DB memberships continues to fall as funding improves: TPR
The number of people with defined benefits pensions continues to decline, according to the latest annual report by The Pensions Regulator. Its review of UK DB sector shows the sector continues to...
More than a quarter unaware of pay days left before retirement: Aviva
More than 27 per cent of UK workers, around 9 million people, have no idea how many pay days remain before they stop working, according to Aviva. According to Aviva, awareness declines...
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