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Inaction on retirement defaults puts members at risk

Mark Rowlands

From the blog: When discussing retirement pathways, the industry needs to ask itself two key questions: what is the goal of auto-enrolment, and what does success look like?

Currently more than 9m people have been auto-enrolled into a workplace pension. It is clear we have made huge strides in reversing the decline of pension saving for many UK workers – auto-enrolment is rightly seen as a success story.

But is that job done? Can we be confident that auto-enrolled workers are heading for the best possible outcome?

The Weekly Wrap: April 20 edition

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A round-up of the pensions news stories published across the FT Group this week, from a call for pensions tax relief to be set at a flat rate, to a lawsuit in the US alleging a global banking conspiracy to fix Mexican government bond prices.

How bringing pensions to life can improve staff engagement

Rosemary Lemon

From the blog: One of the first questions I ask when I start a new job is: “What are the employee benefits?”

 

I remember once being directed to an alphabetical list of benefits on the intranet, to be greeted with information on the benevolent fund and death in service. I had to scroll down a long way before I finally got to ‘P’ for pension.

 

A list of benefits is just that – a list. They make no sense jumbled up without explanation. Employee benefits are expensive and, if not valued or used, could be a waste of money.   

 

Click here to read the full blog post

How will the UK's first pension superfund work?

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Podcast: The UK's first superfund was announced in March, a day after the government encouraged the creation of commercial consolidators in its long-awaited white paper on the defined benefit sector. Alan Rubenstein, chief executive of The Pension SuperFund, discusses how the vehicle will work, and when it might absorb its first DB scheme. 

The Weekly Wrap: April 13 edition

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A round-up of the pensions news stories published across the FT Group this week, from the California Public Employees’ Retirement System bulking up its environmental, social and governance investments, to low earners in the UK losing out on pensions tax relief.

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