DC & Auto-enrolmentRSS

Are DC defaults still lagging on ESG?

Master trust Nest is ahead of the curve when it comes to environmental, social and governance considerations, and while other schemes are catching up, there is still a lot of progress to be made.   

Nuclear scheme calls out Prudential for poor value and switches

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Trustees of the Combined Nuclear Pension Plan have dropped Prudential as their defined contribution provider in favour of Aegon, after member-borne charges for the default and other options were rated "below average" in an assessment of value for members.

Nest to divest all tobacco holdings

On the go: Nest is to sell all its tobacco shares, the master trust has announced, as it warned of impending regulatory backlash against the sector.

PSIG calls on trustees to review procedures amid rise in scammers

The Pension Scams Industry Group exhorted trustees to review their scam prevention procedures on Tuesday, as pension fraud attempts continue to rise despite tightening government regulations.

ACA voices support for pensions/housing hybrids

News On the Go

On the go: The Association of Consulting Actuaries has thrown its weight behind flexibilities to allow pension savers to divert pots towards housing purchase, after housing secretary James Brokenshire’s controversial proposal last week.

More than £90bn saved in workplace pensions in 2018

News On the Go

On the go: Auto-enrolment continues to motor ahead with £90.4bn saved in workplace pensions last year, up £7bn from 2017, according to recent figures published by the Department for Work and Pensions. 

Regulator announces authorisation application from new master trust

News On the Go

On the go: The Pensions Regulator has revealed that a total of 39 master trusts have applied for authorisation, including one new master trust, as it indicates that new master trust schemes will face tougher supervision.

Govt admits its pension forecasts have ‘significant’ inaccuracies

News On the Go

Pensions minister Guy Opperman was forced to admit “significant” problems with inaccurate state pension forecasting on Tuesday, raising fears hundreds of thousands of pensioners could be paid less than forecast.

Housing secretary: Let young people raid pension pots for housing

News On the Go

Young people should have access to pension pots to help fund the deposit for their first home, housing secretary James Brokenshire said on Monday, raising the prospect of a rewrite of the UK’s pension rules.

TPR replaces DC pension trustees at Dunnes Stores

News On the Go

On the go: Pension trustees at Northern Irish high street retailer Dunnes Stores have been stopped by the Pensions Regulator from running the company’s defined contribution scheme.