DC & Auto-enrolmentRSS

TPR warns on chair's statements after master trust fines upheld

On the go: Fines issued by the Pensions Regulator against two master trusts have been upheld by courts, as the watchdog warned providers to ensure their chairs' statements comply with the law.

BlueSky and Crystal master trusts gain authorisation

On the go: Two more master trusts have gained authorisation from the Pensions Regulator, bringing the total approved schemes in the sector to five.

ONS: Three in four people now members of a workplace pension

On the go: Since the introduction of auto-enrolment in 2012, the proportion of UK employees enrolled in a workplace pension has soared from 47 per cent to 76 per cent in 2018, according to research published today by the Office for National Statistics.

Tax regime ripe for reform says AJ Bell as 12,000 lose LTA protection

On the go: Over 12,000 pension savers have breached lifetime allowance ‘protections’ in the past 12 years, leaving them to face tax bills running into hundreds of thousands of pounds.

New pensions service calls for stakeholder views on financial wellbeing

News On the Go

On the go: The Money and Pensions Service will be carrying out a number of events across the UK between now and June, enabling stakeholders to discuss what is needed to boost financial wellbeing in local communities and across the country.

L&G legacy pension members face higher charges, finds IGC

On the go: In its fourth annual report, Legal & General's independent governance committee gave the company an overall high score, but flagged up steep charges on legacy pension products.

Workers unaware of auto-enrolment contribution hike

On the go: More than a quarter of workers are unaware of auto-enrolment increases taking effect from Saturday, according to Aviva research.

‘Large casualties’ expected as master trust authorisation window closes

On the go: Thirty master trusts have applied for authorisation to the Pensions Regulator by the closing date for applications of March 31. A further 10 schemes have been granted an extension and are expected to file an application in the coming weeks.

Pension professionals distrust consolidation, finds PMI poll

On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.