DC & Auto-enrolmentRSS

Life expectancy in London boroughs varies by 20%

News On the Go

On the go: There are huge differences in life expectancy in the UK, even across neighbouring postcodes, data specialist CACI has found.

National Pension Trust files for authorisation days before deadline

On the go: With just days to go before the deadline of March 31, the National Pension Trust has submitted its application to The Pensions Regulator for master trust authorisation.

ABF switches platforms for reduced fee and wider range of funds

Bloomberg

The trustees of the Associated British Foods defined contribution pension plan have decided to switch to a new investment platform so that members benefit from a wider range of fund choices and a cheaper platform fee.

Inertia and engagement both have a place in pension comms

Analysis: Defined contribution schemes have been warned to “adapt or die” on member communications, with a range of experts calling for a rethink of engagement.

Third of people unaware of pensions tax relief

News On the Go

On the go: Across the UK, there are huge gaps in pensions knowledge, with 35 per cent of people unaware that the government contributes to pensions through tax relief.

Invensys changes DC default to target cash

Trustees of the Invensys Pension Scheme have updated their defined contribution default to target cash instead of an annuity.

L&G master trust default goes green due to member demand

News On the Go

On the go: The Legal & General Mastertrust is switching its default investment strategy to take account of environmental, social and governance risks, after a study revealed almost 60 per cent of its members favour the approach.

Metal Box members headed for master trust under DB closure plans

Members of the Metal Box Pension Scheme are set to move to a defined contribution master trust under company proposals to close the defined benefit scheme to future accrual and replace the current DC section.

Employers keep workers in the dark on pension freedoms

On the go: Some employers are still sticking their heads in the sand when it comes to pensions reforms. Only 59 per cent have alerted their employees to pension freedoms, according to the Employer Engagement Survey 2018 published by the Department for Work and Pensions in March 2019.

TPR could face last-minute ‘tsunami’ of master trust applications

On the go: With just over three weeks left until the end of the authorisation window for master trusts, 13 applications have been received by the Pensions Regulator from the 90 master trusts in the market, meaning it could face a last-minute tsunami of applications, according to consultancy Hymans Robertson.