DC & Auto-enrolmentRSS

Less than a third of trustees think TPR will monitor fairly

Just 31 per cent of trustees are confident the Pensions Regulator will police funding agreements fairly and effectively in future, according to a survey by consultancy Willis Towers Watson.

Industry calls for regulatory speed and stronger approach to scams

The pensions industry has voiced concerns over regulatory weaknesses and a lack of urgency when tackling scams and regulating defined benefit to defined contribution transfers.

Government sets out proposals for trustee ESG investment duties

Trustees will be expected to publish a statement on how they take account of scheme members’ ethical views, if proposed requirements floated in a government consultation are implemented.

More than a third fail to assess basic needs for retirement

More than a third of people have never estimated their income needs for later in life, and 38 per cent of individuals are not confident about their ability to retire comfortably, according to new research by provider Aegon.

Guy Opperman outlines hopes to harness fintech

Pensions and financial inclusion minister Guy Opperman says he hopes to harness fintech to boost saving for the self-employed, while aiming to bring in legislation for defined benefit regulation next year.

Pensioners underspending and bequeathing most wealth on death

Many older people are underspending in retirement, and are set to bequeath the majority of their wealth to younger generations instead, according to research by the Institute for Fiscal Studies.

Government figures show drop in persistency of saving

The amount saved into workplace pensions rose by £4.3bn to £90.3bn in 2017, according to new government data, but a slight drop in the persistency of saving last year has raised concerns.

Seeking members' ethical views could muddy DB waters, experts say

The Environmental Audit Committee has proposed a requirement for schemes to actively seek the views of members when producing a statement of investment principles, a move experts say could complicate matters for defined benefit trustees.

How should schemes appoint their MNTs?

Trustees are required under the Pensions Act 2004 to make sure that at least one-third of trustees, or at least one-third of directors of the trustee company, are nominated by the scheme membership. But what is the best way to appoint member-nominated trustees?

Regulator threatens greater discipline over poor admin

The number of public service pension schemes disclosing inadequate processes for monitoring data accuracy and completeness has risen, as the Pensions Regulator pledges to clamp down on those falling below the standards it expects.  

We use cookies to improve site performance and enhance your user experience. If you’d like to disable cookies on this device, please see our cookie management page. If you close this message or continue to use the site, you consent to our use of cookies on this device in accordance with our cookie policy, unless you disable them.