DC & Auto-enrolmentRSS

9m workers sleep-walking into retirement, report finds

News On the Go

On the go: Nearly 9m mid-career employees are flying blind into retirement, clueless on how much they need to save for their retirement, Aviva research has found.

One in five people 'not bothering' with their pensions, survey shows

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Experts have stressed the need for financial education after recent research found that more than a third of savers do not know how to access their pension pots and one in five people are “not bothering” with their pensions at all.

Employers urged to monitor default performance more closely

News On the Go

On the go: Employers should look under the bonnet when reviewing their default fund as there is a huge variation in asset allocation and performance of these products, according to Punter Southall Aspire analysis.

Electricity scheme triumphant in Aegon charges challenge

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Aegon has agreed to lower its fund charges for defined contribution members of the Electricity North West Group of the Electricity Supply Pension Scheme, after trustees challenged the provider following a review of other players in the market.

Schemes still lagging on cyber security

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A leading cyber-security expert says pension schemes are still behind the rest of the financial services sector in protecting members, despite increasing awareness and realism about the threat of online criminals.

Nest signs up to ‘Star’ initiative as Opperman urges others to join

News On the Go

On the go: Master trust Nest – one of the UK’s biggest pension schemes, with 8m members – has joined the pensions industry ‘Star’ initiative.

How schemes can play their part in bridging the gender pensions gap

Bridging the gender pensions gap

Childcare costs and commitments, as well as the absence of tailored communications, mean that many women are retiring with less than men.

National Pension Trust and SEI Master Trust achieve authorisation

News On the Go

On the go: National Pension Trust and the SEI Master Trust have been added to the Pensions Regulator’s list of authorised master trusts.

Watchdog to prosecute recruitment agency over AE duties

News On the Go

On the go: The Pensions Regulator is prosecuting a recruitment agency and its managing director on suspicion of attempting to avoid providing employees with a workplace pension.

IWDC Section of Railways Pension Scheme gains authorisaton

News On the Go

On the go: The Railways Pension Scheme’s Industry-Wide Defined Contribution Section master trust has been authorised by the Pensions Regulator.