DC & Auto-enrolmentRSS

Professional trustee board appointments increase 60%

News on the go

On the go: The number of schemes appointing professional trustees is on the rise, with almost half of pension fund boards now having such arrangements, which compares with one in five schemes five years ago, according to LCP research.

Nest govt loan increases 66% in pandemic year

News on the go

On the go: The loan from the Department for Work and Pensions to Nest increased by 66 per cent in 2020-21, as the government-backed master trust saw a rise in members and assets under management.

Too much jargon hampers sustainable investing drive

Podcasts

Podcast: Georgia Stewart, chief executive of Tumelo, and Chris Hulatt, co-founder of Octopus Group, talk sustainability, inter-generational fairness and cryptocurrencies.

DWP’s stronger nudge is not ‘fit for purpose’

News on the go

On the go: The “stronger nudge” towards guidance recently proposed by the Department for Work and Pensions is inadequate on its own and will impact members too late in the process to have a real effect, according to industry experts.

PASA launches guidance to help schemes’ e-admin journey

News on the go

On the go: The Pensions Administration Standards Association has launched new guidance on e-administration, as schemes need to get their data in order to comply with the pensions dashboards deadline in 2023.

Savers given opportunity to lock in minimum pension age at 55

HM treasury logo (teaser)

The government has given savers a way to avoid the minimum pension age increase in 2028, as new rules will allow individuals to keep their protected pension age if they transfer their pension.

Industry experts predict limited roll-out of CDC schemes

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The government's consultation on regulations governing collective defined contribution schemes was received as a welcome step forward in the industry, but experts have cautioned that initial demand is likely to be low due to the restrictive conditions and high costs imposed on the market.

DWP’s move to DC universal charge structure could do ‘serious damage’

DWP

Industry commentators are worried about the Department for Work and Pensions’ proposal to introduce a universal annual management charge in defined contribution default funds, warning that the move is premature and could do “serious damage” to the pensions market.

FCA to focus on driving value for money for savers

News on the go

On the go: The Financial Conduct Authority is planning to access how to drive value for money in pensions during accumulation, its business plan for 2021-22 has revealed.

Pension tax change proposals branded ‘tragic’ and ‘crazy’

News on the go

On the go: Rumours that the Treasury is planning to raid pensions have been branded “tragic” and “crazy” by speakers at a Hymans Robertson webinar, who warned that any reforms harming incentives to save could undo the work put in to boost retirement standards.