Compliance notices issued to auto-enrolling schemes will rise, the Pensions Regulator has said, as the watchdog detailed its new three-year strategy within a revised lower budget.
Most retirees are unlikely to seek advice before withdrawing their pension, a survey has shown, as the industry wrestles with how to protect members in the new flexible pensions environment.
Energy company SSE doubled contribution rates in its auto-enrolment default after carrying out a survey of members, as wider concerns mount over continuing low contribution levels.
Any other business: Hillary Clinton found herself in hot water recently over use of a private email account during her tenure as US secretary of state. The breach of White House data protocols ignited criticism.
The consultation to lay the groundwork for a secondary market for annuities, announced in last week’s Budget speech, will allow around 5m pensioners having the option to cash in the products in exchange for a lump sum.
Lincolnshire Pension Fund has teamed up with West Yorkshire Pension Fund on benefit administration in order to deliver cost savings, in the latest example of local authority collaboration.
Comment & Analysis
The Pensions Regulator's Charles Counsell explains its new guide to help small employers get ready for auto-enrolment.
JPMorgan's Simon Chinnery warns of the effect the forthcoming charge cap on investments will have, and points to a flexible and inexpensive default fund.
Aon Hewitt's Ben Roe outlines the steps defined benefit trustees need to take to prepare for member transfers, in light of the new flexibilities.
Video: Should the 0.75 per cent cap go lower? In part two of Countdown to April, Mark Futcher from Barnett Waddingham and LGIM's Emma Douglas explore how DC schemes are responding to reform (5:37).
Video: What effect are the flexibilities having beyond the world of DC? In the first of our three Countdown to April videos, JLT Employee Benefits' Mark Wood and Eversheds' Tim Smith explain how DB schemes are dealing with the knock-on effects of the reforms (6:08).
Video: Jonathan Lipkin, director of public policy at the Investment Management Association, says that it is not up to investment managers to take the overall responsibility for ensuring charges are below the 0.75 per cent cap effective from April (5:48).