DC & Auto-enrolmentRSS

FCA warns of looming retirement poverty prospect

On the go: Inadequate retirement incomes that do not meet consumers’ expectations remain the central challenge for the pensions industry, according to the Financial Conduct Authority.

Accounts manager admits workplace pensions cover-up

On the go: A Bradford-based accounts manager lied to investigators to try to hide the fact that restaurants had not given their employees workplace pensions.

Older workers look away from 'cliff-edge' retirement

Almost half of UK workers over the age of 50 prefer to transition gradually into retirement by blending work and retirement, according to a new study.

144% rise in number of businesses fined for auto-enrolment errors

On the go: The number of businesses fined by the Pensions Regulator for auto-enrolment errors has climbed 144 per cent to 35,810 in 2017-18 from 14,650 in 2016-17, according to recent analysis by commercial law firm EMW.

Master trusts slow to seek authorisation from TPR

On the go: Master trusts continue to be tardy in applying for authorisation from the Pensions Regulator, with the watchdog revealing that it has only received six applications for authorisation as at December 31 2018.

SFGB opens for business

On the go: The Single Financial Guidance Body launches this week, as three existing providers of government-sponsored financial guidance merge.

ACA backs further AE reforms despite small employer opt-outs

Smaller employers expect a rise in the number of staff opting out of their auto-enrolment pension as minimum contribution rises bite, research has shown.

Uber loses appeal over driver employment rights

On the go: Judges have dismissed an appeal against a ruling that Uber’s drivers should be treated as workers rather than as self-employed.

Savers unfazed by AE contribution rises

Auto-enrolment savers have proved indifferent to a rise in their contribution rates imposed earlier this year, according to research, but the government remains unconvinced by the case for using inertia to tackle low self-employed saving rates.

How can we get the 'squeezed middle' saving more for retirement?

Analysis: Research has shown that 35 to 49-year-olds are worried they are not saving enough for retirement, with many facing several financial challenges. So, what can be done to help this ‘squeezed middle’ group of workers put more towards a pension?