DC & Auto-enrolmentRSS

USS DC section to begin exploring alternative assets

News On the Go

On the go: The Universities Superannuation Scheme is to begin adding alternative assets to its default defined contribution portfolio, the £68bn pension giant announced on Wednesday.

Pension schemes bill to cost industry £818m in first year

The pensions industry faces an annual cost increase of £818m as a result of changes brought in by the pension schemes bill, with the new defined benefit funding regime and the pensions dashboard requiring the lion’s share of this investment.

New rules for pension transfers to cost industry £1m

News On the Go

On the go: New rules to prevent scams are expected to cost the industry and employers about £1m in their first year and impact more than 160,000 pension transfers. 

E-admin hopes dashed by data quality

Data crunch: Pensions administrators and open finance enthusiasts may have one eye on the ‘e-admin’ future of full dashboard compliance, modelling and targeted engagement, but a survey of trustees reveals the perennial roadblock – poor-quality member data.

Accountant ordered to pay £5k for misleading pensions regulator

News On the Go

On the go: A former accountant has been ordered to pay £4,987 for providing false or misleading information to the Pensions Regulator over workplace pensions duties.

Landmark vegan case could disrupt pensions industry

A landmark ruling finding that veganism is a philosophical belief will have a wider impact in the pensions industry, experts say, but warn trustees to avoid making knee-jerk changes to their schemes.

Nest eyes move into infra equity

News On the Go

On the go: Master trust Nest is inviting tenders from managers of infrastructure equity assets, as the provider continues to add to its portfolio of alternatives.

Majority of employers planning to review pensions provider in 2020

News On the Go

On the go: Eighty-seven per cent of employers are looking to review their pension provider in the next 12 months, according to new research from investment platform Smarterly.

Govt urged to scrap tax relief on minimum AE contributions

News On the Go

On the go: Former pensions minister Baroness Ros Altmann suggested the government could make the legal minimum auto-enrolment contributions compulsory and remove tax relief from this amount.

Nest Invest gets green light from FCA

News On the Go

On the go: Nest Invest, the investment subsidiary created by the master trust alongside its move into private credit, has been authorised by the Financial Conduct Authority.