DC & Auto-enrolmentRSS

Half of today’s over-40s are retirement savvy

On the go: Encouragingly, half of the over-40s in the UK have sufficient basic knowledge of the factors that may influence their later-life income to avoid the worst retirement pitfalls. However, one in 14 people are at high risk of making poor financial choices.

Minister lays down gauntlet for industry on sidecars

On the go: Guy Opperman has urged financial services companies to trial sidecar savings products with their employees, warning that they will lose their credibility if they are not seen to be offering their own staff the flexibility they advocate for others.

Baptist scheme pulls DGF for global infrastructure

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Trustees of the defined benefit Baptist Pension Scheme have allocated to global infrastructure and dropped a struggling diversified growth fund manager.

More unions eye CDC as possible negotiation outcome

With this week’s launching of a government consultation on collective defined contribution and legislation promised for December 2019, trade unions are now eyeing CDC as a possible alternative to pure defined contribution when closure of defined benefit schemes is unavoidable.

TPR: Only one master trust authorisation in the pipeline so far

On the go: Master trusts have been slow off the mark to obtain authorisation from the Pensions Regulator. They have a six-month window from 1 October to gain approval. Since then only one master trust has applied.

How far away is the pensions dashboard from becoming a reality?

A complete and up-and-running pensions dashboard could be years away, according to experts, as implementation and credibility concerns come to the fore.

FOS receives just 300 pensions transfer complaints

On the go: Since the introduction of the pension freedoms in 2015, the Financial Ombudsman Service has received fewer than 15,000 complaints involving pensions. Of this figure, just 1,700 have been about pension freedoms and around 300 of these complaints were about defined benefit transfers.

Self-employed back expansion of AE to cover gig economy

On the go: Self-employed workers want government help to save for retirement and would back new laws to expand auto-enrolment or to make saving for retirement compulsory, new research from Prudential shows.

Two in five employees are approaching retirement ‘blindfolded’

On the go: Forty per cent of employed 46 to 55-year-olds do not know how much they have saved for retirement, a recent survey has found.

OPDU launches independent pension trustee liability policy

On the go: The Occupational Pensions Defence Union has launched a pensions trustee policy aimed at individual independent trustees in the UK.