DC & Auto-enrolmentRSS

FKI scheme winds up and moves members to mastertrust

Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.

Mastertrusts have the next milestone in sight

How the model’s next wave will help shore up DC pension provision for UK employers.

Experts call for mandatory guidance as FCA targets advice take-up


The Financial Conduct Authority will prioritise retirement income provision within pensions in 2017-18, addressing perceived problems with consumers who do not take regulated financial advice, as some argue schemes should organise Pension Wise sessions by default.

Pru amends DC default, as experts warn against 'wait and see' approach


The Prudential staff scheme is due to amend its DC default fund this year in light of the introduction of freedom and choice, amid concerns that some schemes are choosing to wait for retiree data to help them design their default.

FAMR makes headway but experts say further progress is needed

The Financial Conduct Authority has published a progress report on its Financial Advice Market Review, alongside a consultation that sets out proposed guidance, but reactions in the pensions industry show there is still a long way to go.

Employee pension preference could brighten the DC picture

Weighting an employee benefits package towards pension contributions can make a role more attractive to high-quality candidates, a new report has found, showing residual interest in retirement saving among the defined contribution generations.

Freedom and choice: Engagement improved but confusion remains

Two years have passed since the government introduced the pension freedoms, and although the flexibilities have improved engagement to some extent, the increased complexity has also led to confusion.

Lisa still needs to find its place as launch date arrives

The lifetime Isa launched on Thursday, so why are there not more providers offering the product straight away, and what is the likely uptake when it comes to using the vehicle for retirement saving?

Could hybrids solve the pensions adequacy problem?


What models could have delivered the retirement outcomes Generation X deserves, and could elements of income security rescue future generations at risk of being let down by defined contribution?

Industry unconvinced by MPs' funder of last resort concerns

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Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.

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