DC & Auto-enrolmentRSS

Clarity on dashboards, but delays taint Pension Schemes Act

The government fought off opposition amendments to the Pension Schemes Act in the House of Lords on Tuesday, keeping its dashboards options open — but experts have warned that many of the act’s more substantive changes could be delayed until 2022.

DWP to ban flat fees for small pots

DWP

The Department for Work and Pensions is to ban the charging of flat fees on pension pots under £100 in an attempt to stop their erosion by charges and administration costs.

Pension contributions plunge 11% as Covid crisis hits

News On the Go

On the go: Savers paid 11 per cent less into their defined contribution pension schemes as the coronavirus pandemic hit the UK, Office for National Statistics data shows.

Barclays integrates ESG into £1.3bn sustainable growth fund

News On the Go

On the go: The Barclays Bank UK Retirement Fund has announced the integration of environmental, social and governance factors, as well as climate risk, into its diversified Multi-asset Growth Fund.

Nest to boost private market holdings by 6%

News On the Go

On the go: Nest is to expand its private market holdings from 9 per cent to 15 per cent by March next year, with its investments in illiquids and infrastructure assets expected to exceed a fifth of its £13bn portfolio.

Govt moves to include pensions in dormant assets scheme

News On the Go

On the go: Pensions will be included in the government’s extension of the dormant assets scheme, despite previous concerns that life savings should be excluded due to “significant changes” in recent years.

L&G launches service to track lost pension pots

News On the Go

On the go: Legal & General has introduced a service to help people track down lost or forgotten pension pots, as well as consolidate them. 

Industry needs to do more to combat scams, TPR says

While the Pensions Regulator has pointed the finger at industry saying all parties must do more to tackle the problem of pension scams, members of the Work and Pensions Committee have questioned whether the regulator has itself done enough to help.

DC in 2021: Master trusts run while dashboards crawl

Pensions dashboard screenshot

While the headlines are drawn to Brexit, Covid-19, and possibly its impact on defined benefit schemes, pensions commentators say an unstoppable force will continue to move steadily on: the consolidation of the defined contribution pensions sector.

Now Pensions members’ data leaked by service partner

News On the Go

On the go: Master trust Now Pensions has confirmed that some of its members have had their personal data shared online by a service partner.