DC & Auto-enrolmentRSS

Dormant pots to exceed 20m in 2020 due to Covid-19

News On the Go

On the go: The impact of the coronavirus pandemic on the UK labour market will cause a 32 per cent increase in the number of dormant pension pots in 2020, according to new research.

Scottish Widows calls for AE-funded hardship fund

News On the Go

On the go: Scottish Widows is calling for the introduction of a single lifetime savings pot that would be funded through an extension of automatic enrolment, but with higher contribution levels. 

Trustees advised to focus on going concern in schemes’ accounts

News On the Go

On the go: Consideration of going concern in the preparation of pension scheme financial statements requires greater focus from trustees due to the coronavirus crisis, accountancy bodies have warned.

Morrisons’ shareholders advised to vote against pension payout

News On the Go

On the go: Morrisons’ shareholders have been advised to vote against executive pension payouts, as they are not aligned with the majority of the retailer’s workforce.

Chair’s statement template to ease trustee headaches

News On the Go

On the go: The Pensions and Lifetime Savings Association has released a new template designed to help trustees of well-run defined contribution schemes avoid being caught out by chair’s statement requirements.

Pension bodies join forces to address Covid-19 concerns

News On the Go

On the go: Seven UK regulators and authorities have teamed up to create a guide to address savers’ most common pension concerns throughout the coronavirus crisis.

Consumers unaware of pensions’ ESG power

News On the Go

On the go: The majority of consumers take steps to improve the sustainability impact of their daily lives, but fail to apply these lessons to their finances, according to a new study by master trust Nest.

Smart eyes alts allocations after Natixis backing

News On the Go

On the go: Master trust Smart Pension has attracted investment from asset manager Natixis, in a strategic partnership that the companies hope will see members gain access to the fund house's suite of alternative strategies.

Regulator warns on alternative funds for DC self-select

News On the Go

On the go: The Pensions Regulator has warned trustees of defined contribution schemes to check they are not “unintentionally breaching” pension legislation when moving member contributions to alternative funds.

Regulator warns employers exploiting Covid flexibilities

News On the Go

On the go: The chief executive of the Pensions Regulator has assured MPs that despite its decision to pause enforcement activities, it will make exceptions for employers who treat its intervention as anything other than a temporary cash flow aid.