DC & Auto-enrolmentRSS

Life events key to engagement, report finds

Moving house, getting a job or starting a family could be the best moments to get people saving, a new report says, but stresses the risks of engagement and continued role of default options.

Retail platforms review could be 'benchmark' for institutional side


The Financial Conduct Authority has kick-started a review into retail platforms to understand if the fast-growing market provides value for money to consumers, as some have called for extending its scope to the institutional side.

FCA cites ways to crank up consumer protection amid competition concerns

The rising number of consumers who buy drawdown without advice has given prominence to the need for greater support and protection, says the Financial Conduct Authority.

Taylor review urges action on increasing AE coverage

The Matthew Taylor Review of Modern Working Practices highlights ways in which self-employed people could be helped to save for retirement, but questions remain.

Default offerings fail to inform savers adequately

More than a third of default fund providers are failing to meet regulatory guidance asking them to clearly state their product’s objective, according to a new report that highlights communications failings in the sector.

Nest unveils sidecar savings trial plans

The research arm of mastertrust Nest is planning to trial a new savings product in 2018, which will split contributions between a pension pot and a “rainy day” fund, in an effort to improve short-term financial health.

Cridland: Longevity as big an issue as climate change

Savers need to be more aware of the consequences of an ageing population on retirement saving, with providers, regulators and employers all having a part to play in improving engagement, say experts. 

Gauke calls for government and industry collaboration

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In his first speech as Secretary of State for Work and Pensions, David Gauke called for consensus and collaboration to ensure a positive future for pensions, but admitted that it will take time to address some of the more challenging policy issues, from pensions tax relief to extending auto-enrolment to the self-employed.

Lady Judge: Employees want pensions in benefit package

Source: Bloomberg

Small and medium-sized employers who underestimate the value placed on pension benefits by employees are hindering their ability to attract and retain staff, former Pension Protection Fund chair Lady Barbara Judge has warned.

Could improved understanding revive the annuity?

Analysis: Many savers have been reluctant to purchase an annuity following the government’s introduction of freedom and choice in 2015, but should they be nudged to reconsider their options?

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