DC & Auto-enrolmentRSS

Nest looks to online gaming for self-employed pensions

Master trust Nest is trialling incentive-based approaches, including methods used in online gaming and prize draws, with the aim of raising the rate of self-employed workers who save into a pension.

Trustees and employers must focus on financial wellbeing, experts say

Poor financial wellbeing is costing UK businesses £1.6bn each year, recent research has shown, as experts call on companies and trustees to do more to support employees.

Government to legislate for CDC

The Work and Pensions Committee has published a letter from Guy Opperman, minister for pensions and financial inclusion, which indicates the government’s intention to lay primary and secondary legislation for collective defined contribution schemes.

UK lost pension pots could be worth £20bn

On the go: An estimated 1.6m pension pots worth almost £20bn are lost and could remain unclaimed without government intervention, according to research conducted on behalf of the Association of British Insurers.

TRIG endorses new initiative for transfer framework

On the go: The cross-industry Transfers and Re-registration Industry Group has thrown its support behind an initiative aimed at raising governance standards over pension transfers.

Master trust members unfazed by AE increases

Savers auto-enrolled into a pension scheme are not dropping out of their plan any faster when nudged toward saving more money each month, according to the Pensions and Lifetime Savings Association.

Employers support pension tax relief reform

The majority of employers think that the existing pension tax structure is too complicated and needs simplifying, according to research by the Association of Consulting Actuaries.

Providers say retirement defaults could help poorer pensioners

Research highlighting the increasingly complex financial decisions and lower levels of income facing the next generation of retirees has led to renewed calls for default pathways through retirement.

Fined Salvus trustees left £1.4m uninvested for 3 years

Four trustees of the Salvus Master Trust have been fined by the Pensions Regulator after they failed to invest £1.4m of member contributions over three years.

How open banking can help pensions

The pensions industry is on the cusp of its own 'open banking'-style revolution in the way that consumers interact with their finances and manage their pensions, according to experts.