DC & Auto-enrolmentRSS

Advice suitable but disclosure too complex, finds FCA

The Financial Conduct Authority has published the findings from its review into the suitability of pensions and investment advice, but while the results are reassuring, experts say more needs to be done to make advice less convoluted.

NHS attacks put cyber security back on the agenda

Pensions administrators have urged schemes to review their cyber security arrangements and question their advisers' practices after the WannaCry ransomware targeted British organisations including the National Health Service.

Blockchain and bitcoin: Trustees urged to adapt to change

Source: Bloomberg

Many are still unfamiliar with the concept of bitcoin and blockchain, but experts say the pensions industry must engage with technology and accept change to adapt to an increasingly digital world.

Should trustees review their advisers more often?

Analysis: There are myriad tasks involved in running a scheme, so time is precious and efficiency is key. But when it comes to evaluating advice, how can trustees measure performance, and should they be reviewing their consultants more frequently?  

Small employers urged to plan ahead as more miss staging deadline

A rising number of small employers are missing their auto-enrolment staging deadline, a new study has shown, as experts highlight the importance of being prepared and planning ahead to make sure employees benefit from a pension. 

Millennials' lack of financial confidence could threaten AE

Government, employers and pension schemes must lead a collaborative drive towards better financial education and diversity, experts urged, in response to a study of millennials’ financial habits.

MPs call for government to put brakes on 'free riding' gig economy firms

Getty Images

The Work and Pensions Committee has called for employee and self-employed national insurance contributions to be equalised, arguing that following the introduction of the new state pension, the self-employed contribute far less.

AE progress puts pressure on employers to up DC incentives

Eight in 10 employers are failing to incentivise good levels of pension saving, according to a survey, as the pressure builds on companies to improve their benefits packages.

Annuity purchasers regret decision as confusion 'remains rife'

Despite widespread confusion, most defined contribution savers are happy with the retirement choices they have made in light of the introduction of freedom and choice, with the exception of those who have purchased an annuity, a survey has found.

FKI scheme winds up and moves members to mastertrust

Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.

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